The GBP/USD pair trades 0.16% lower to near 1.3446 during the European trading session on Wednesday. The pair faces selling pressure as the US Dollar (USD) strengthens due to increased uncertainty over the United States (US)-Iran deal US Dollar Price Today The table
Commerzbank analysts forecast Swiss headline inflation below consensus at 0.6% for May, citing subdued core prices and recent GDP data. Swiss inflation for May is expected to come in at 0.6%, below the 0.7% consensus, with core inflation projected at 0.3%. Analysts highlig
Markets imply 66% chance of bitcoin falling below $55,000 Bitcoin's selloff is expected to continue, with traders assigning a 66% probability of the cryptocurrency dropping below $55,000 this year. The outlook is based on prediction market traders' bets, which also
The currency pair remains nearly unchanged as traders await key economic reports from the Eurozone and UK. EUR/GBP traded marginally above 0.8630 on Wednesday, showing little movement after retreating from last Friday’s high. The pair has stabilized near this level as inve
David Solomon warns tightening crude supply could drive inflation higher and alter spending patterns in H2 2024. Goldman Sachs CEO David Solomon warned that tightening crude oil supply will likely push inflation higher in the second half of the year, prompting shifts in co
The New Zealand Dollar weakens against the US Dollar despite strong China services PMI data, pressured by US-Iran geopolitical developments. The NZD/USD pair fell to around 0.5910 during early European trading on Wednesday, extending losses despite robust China services PM
The UK regulator highlights legal and money laundering threats from unauthorized crypto firms sponsoring sports teams. The UK Financial Conduct Authority cautioned Premier League and other football clubs that partnerships with unauthorized crypto firms pose legal and money
Bitcoin’s 30-day implied volatility surged nearly 20% Tuesday, marking its largest single-day rise since early February. Bitcoin’s BVIV index, a measure of 30-day expected volatility, climbed nearly 20% to 46.45% Tuesday as BTC fell over 6% to $66,000. The spike represents
May private payrolls and service sector activity reports may signal economic momentum ahead of Friday’s nonfarm payrolls release. US investors will focus on ADP’s May private sector employment report, expected to show continued job growth. Weekly estimates from the firm su
XAG/USD falls 0.6% amid rising oil prices and stronger-than-expected US jobs data, reducing Fed rate cut expectations. Silver (XAG/USD) declined 0.6% to $74.60 in European trading on Wednesday, pressured by a third consecutive day of gains in oil prices. WTI crude rose 1.4