Beijing’s new economic blueprint prioritizes domestic tech and manufacturing, raising trade tensions with Europe. China’s 14th Five-Year Plan explicitly names European industries as strategic competitors, focusing on semiconductors, electric vehicles, and renewable energy.
The currency pair climbs for a third session, supported by technical momentum and a rebound from ascending channel lows. GBP/USD holds near 1.3600 in Asian trading, marking its third consecutive day of gains. The pair remains buoyed by a technical rebound from the lower bo
GBP/USD remains stronger for the third consecutive day, trading around 1.3600 during the Asian hours on Thursday. The technical analysis of the daily chart indicates an improving bullish trend as the pair rebounds from the lower boundary of the ascending channel
Regional currencies gain as geopolitical risks ease, while Australia’s trade surplus narrows more than expected in latest data. Asian currencies held gains against the USD as optimism over a potential Iran nuclear deal reduced geopolitical tensions. The broader market sent
Investors weigh risks of heightened policy discord as Berlin adopts a more assertive tone on EU fiscal and trade rules. German Chancellor Olaf Scholz’s blunt rhetoric on European Union policy is unsettling investors, who fear deeper divisions over fiscal discipline and tra
A Berlin-based startup debuts autonomous ride-hailing at a fixed price, challenging traditional taxi and ride-sharing models. Europe’s first commercial robotaxi service began operations in Berlin, offering rides at a flat rate of EUR 1.99. The service, launched by local st
Japan’s benchmark index surges over 4% as optimism over Iran peace talks and strong earnings lift sentiment. The Nikkei 225 climbed more than 4% to a record high above 62,000, nearing 63,000, as markets reopened after Golden Week. Gains were driven by optimism over a poten
Investors remain cautious around the 183.75 level amid speculation Japan may step in to stabilize the yen. The EUR/JPY pair traded sideways near 183.75 during Thursday’s Asian session, reflecting investor caution. Market participants are hesitant to take strong positions a
Investors remain cautious as speculation grows over potential Japanese currency intervention to stabilize the yen. The EUR/JPY pair traded sideways around 183.75 in early Asian trading on Thursday, reflecting investor hesitation. Market participants are closely monitoring
Tokyo signals readiness for unlimited currency intervention to stabilize the yen, maintaining close contact with Washington. Japan reiterated it has no restrictions on yen intervention to counter excessive volatility, emphasizing daily coordination with US authorities. The
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