Eurozone composite PMI beats forecasts at 49.5 but core economies show persistent weakness, pressuring ECB rate hike outlook. Eurozone composite PMI rose slightly to 49.5 in the latest print, exceeding consensus estimates of 49.2. Manufacturing expanded at 51.3, though bel
European and Asian heatwaves boost electricity demand, while Qatar LNG delays tighten supply, lifting gas prices. Natural gas prices are gaining support from stronger heatwaves in Europe and Asia, increasing electricity demand and gas-fired power usage. This surge complica
The digital euro takes a massive step forward after winning a crucial European Parliament vote EU lawmakers backed a legal framework to launch a state-backed digital currency by 2029 so the continent can stop relying entirely on U.S. credit card and stablecoin giants. - The...</p
The bill includes holding limits, no interest payments, and mandatory acceptance for businesses, with a potential rollout in over two years. European Union lawmakers approved a draft bill for a digital euro, incorporating privacy measures like zero-knowledge proofs to veri
OCBC warns a clear break above the Dollar Index’s 14-month range could trigger a 2–3% rally amid hawkish Fed signals. The US Dollar is gaining support from rising Treasury yields and a more hawkish Federal Reserve policy outlook, lifting breakout risks. Markets are pricing
Japan and the U.S. signal potential currency intervention as the yen weakens to its lowest level in four decades. The Japanese yen fell to a 40-year low against the USD, heightening speculation of government intervention. Finance Minister Satsuki Katayama and U.S. Treasury
Australian Dollar falls to 0.6945 USD amid Fed tightening expectations and ahead of key domestic inflation data. The Australian Dollar declined 0.8% to 0.6945 against the US Dollar in European trading, underperforming major peers as risk aversion gripped markets. Investors
Former Fed Chair Alan Greenspan’s enduring support for gold as a premier currency aligns with rising central bank purchases and fiat skepticism. Former Federal Reserve Chairman Alan Greenspan’s death at 100 renews focus on his long-standing advocacy for gold as a superior
June flash UK services PMI fell to 48.7, below expectations, while Eurozone business activity showed signs of stabilization. The UK’s June flash services PMI dropped to 48.7, missing the 50.1 forecast and signaling a sharp slowdown in economic momentum. The decline reflect
Traders now price over 85% probability of a Fed quarter-point hike by September amid resilient U.S. economic data. The U.S. dollar index rose to 101.25, its highest level since May 2025, as markets priced in elevated chances of a Federal Reserve rate hike. Fed funds future
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