The British Pound declines against the US Dollar amid robust US economic data and geopolitical uncertainty. GBP/USD dropped to around 1.3200 during Asian trading on Wednesday, extending losses for a second consecutive day. The decline follows a strengthening US Dollar, sup
UBS forecasts the Federal Reserve will hold rates longer before cuts in 2027, dismissing market expectations of two hikes by April. UBS argues current market pricing of two Federal Reserve rate hikes by April is too aggressive, citing returning tariff disinflation and soft
BlackRock suggests 1-2% Bitcoin portfolio allocation BlackRock, the world's largest asset manager, views Bitcoin as a viable diversifier. The firm indicates that a 1% to 2% portfolio allocation can enhance investment yields while managing risk. This allocation ran
May data shows persistent inflation pressures in logistics and transport, reinforcing expectations for BOJ policy tightening. Japan’s Corporate Services Price Index rose 3.3% year-on-year in May, matching April’s revised gain, as elevated fuel costs drove a 61.8% surge in
The euro falls against the dollar amid rising bets on Federal Reserve rate increases and geopolitical tensions. The EUR/USD pair declined to 1.1380 in early Asian trading on Wednesday, extending losses as the US dollar strengthened. Investors priced in higher chances of Fe
Rising bets on a Fed rate increase lift the USD, pressuring the EUR as Middle East tensions add to risk aversion. The EUR/USD pair fell to 1.1380 in early Asian trading Wednesday, extending losses as markets price in a higher likelihood of a Fed rate hike. The CME FedWatch
PBOC to set daily USD/CNY rate at 6.7913 The People’s Bank of China sets the daily USD/CNY reference rate to guide market expectations. The current trading band permits the currency to move plus or minus 2% from the official midpoint during onshore trading hours.
Bitzero Holdings signs a binding 15-year lease for 110 megawatts of power, addressing AI infrastructure demand amid rising energy needs. Bitzero Holdings Inc. (NASDAQ:AIBZ) signed a 15-year binding lease with OneQode for 110 megawatts of power at its Namsskogan facility. T
Majority of Bank of Japan policymakers deemed the June rate increase appropriate, citing a widening gap from the neutral rate. The Bank of Japan’s June meeting summary revealed broad support for its recent rate hike, with most board members describing the move as overdue.
Crude oil futures decline due to potential Middle East supply increase Crude oil futures settled lower in cautious trading, as investors considered the potential for increased supply out of the Middle East. The risk of U.S.-Iran negotiations running into obstacles