The U.S. dollar climbed higher on Friday as escalating geopolitical tensions prompted investors to seek the safe-haven currency. Uncertainty about interest rate cuts before June contributed as well to the dollar\'s rise. The dollar index surged to 106.11 around late morning, and held firm thereafter. The index was last seen at 106.02, up 0.7% from...
In their new weekly update, Citi strategists have observed a growing bullish sentiment in global equity markets. Specifically, their analysis reveals that sentiment in all but three of the markets surveyed is above the 85th percentile, indicating a strong consensus towards bullish positions, which have become increasingly one-sided as recent capital inflows further amplify these...
Reversing direction, the Canadian dollar weakened against the U.S. dollar and the euro in the New York session on Friday. The loonie fell to 1.3476 against the greenback, from an early 4-week high of 1.3419. The loonie touched 1.4750 against the euro, setting a 2-day low. The currency may possibly face support around 1.38 against...
Bestselling author of ‘Rich Dad Poor Dad,’ Robert Kiyosaki, urged followers on Monday to purchase Bitcoin (BTC) ahead of the April halving event. In a post to Twitter, the author promised to buy 10 more BTC before the start of April due to his conviction around the event, which will cut the rate at which...
U.K. stocks traded lower on Friday ahead of the release of key U.S. jobs data later in the day that could influence the Fed\'s rate trajectory. The benchmark FTSE 100 was down 18 points, or 0.2 percent, at 7,674 after edging up 0.2 percent on Thursday. Packaging firm Mondi gave up more than 2 percent...
Europe car registrations growth eased notably in July largely due to the sharp fall in battery-electric car demand, data released by the European Automobile Manufacturers Association, or ACEA, showed on Thursday. Car sales grew only 0.2 percent on a yearly basis in July after a 4.3 percent gain in June. Data showed mixed results across...
The Indonesia stock market on Wednesday ended the modest two-day winning streak in which it had picked up more than 35 points or 0.5 percent. The Jakarta Composite Index now rests just above the 7,740-point plateau and its likely to open in the red again on Thursday. The global forecast for the Asian markets is...
Indian shares ended slightly lower on Tuesday after hitting new record highs for three consecutive sessions. A cautious undertone prevailed as investor focus shifted to the upcoming ECB rate decision and Federal Reserve Chair Jerome Powell\'s congressional testimony. Also, there was some disappointment from the lack of fresh supportive measures in top consumer China. The...
The Taiwan stock market has moved higher in two of three trading days since the end of the two-day slide in which it had dropped more than 630 points or 2.9 percent. The Taiwan Stock Exchange now rests just above the 22,700-point plateau although its likely to see renewed consolidation on Tuesday. The global forecast...
Crypto derivatives exchange BitMEX’s Bitcoin perpetual swap XBTUSD is now offering 250x leverage, up from 100x, ahead of Bitcoin halving. The significant increase comes following requests from traders to profit from the anticipated volatility as halving approaches, the company said in a release shared to Cryptonews. A perpetual swap is a type of derivative trading...