Dollar and Bitcoin Surge on Expectations of Trump Tariffs
New York/London – The U.S. dollar climbed to its highest point in over six months against major currencies on Tuesday, while Bitcoin eased slightly after hitting a record level amid rising expectations of inflationary tariffs from President elect Donald Trump. Bitcoin increased by 1.88% to $89,683.00, just under a new peak of $89,982, with Trump expressing […]
BCA Research Recommends Going Long on the Dollar Amid Heightened Global Tensions
Investment advisory firm BCA Research is encouraging investors to adopt a long position on the U.S. dollar, emphasizing its role as a protective asset amid ongoing geopolitical uncertainties. In its latest report, BCA highlights how increasing global tensions are positioning the dollar as a safe haven. BCA’s Chief Geopolitical Strategist, Matt Gertken, suggests that regardless […]
Asian Currencies Strengthen as Dollar Retreats Ahead of U.S. Elections, Fed Decision
Asian currencies gained on Monday as the dollar eased from recent highs following weaker U.S. labor data, with market focus shifting toward the U.S. presidential election and the upcoming Federal Reserve meeting. This week’s key events include the Reserve Bank of Australia (RBA) meeting and China’s National People’s Congress (NPC) session, which is expected to […]
Dollar Slips as U.S. Elections Unfold
The U.S. dollar declined on Tuesday as Americans cast their votes, with election results expected to shape the dollar’s direction in the near term. Polling suggests a close race between Republican candidate Donald Trump and Democratic candidate Kamala Harris. Currency fluctuations could intensify if the winning presidential candidate’s party gains control of Congress. Despite some […]
Best Forex Telegram Channels Reviewed: Signals You Can Trust for 2024
Over the past few years, Forex Telegram channels have become one of the best ways for traders to receive signals instantly. Gone are the days of slow emails or outdated platforms—now you get alerts in real-time, which fits perfectly for traders who need to move fast. But speed isn’t everything. You need reliable trading signals […]
UK Shop Prices Drop Sharply, but Retailers Caution Against Budget-Driven Inflation Risks
British shop prices experienced their fastest drop in over three years this October, according to the British Retail Consortium (BRC). However, this trend could face reversal following the upcoming budget announcement by Finance Minister Rachel Reeves, the BRC cautioned on Tuesday. Shop prices fell by 0.8% over the past 12 months, marking the steepest decline […]
Japan’s Finance Minister Intensifies Watch on Currency Fluctuations Amid Yen’s Decline
Tokyo – Japan’s Finance Minister, Katsunobu Kato, emphasized on Tuesday that the government remains highly alert to fluctuations in foreign exchange rates, particularly those influenced by speculative trading. “We are committed to closely monitoring exchange rate movements, especially those driven by speculative actions, with heightened vigilance,” Kato stated at a regular press briefing. The yen […]
Dollar Hits Three-Month High Against Yen Ahead of U.S. Election and Economic Data Release
New York – The dollar reached a three-month peak against the yen on Tuesday, though it held steady against most other major currencies. Investors appeared cautious ahead of next week’s U.S. election and a wave of upcoming economic data releases. The yen has been pressured recently due to Japan’s ruling coalition losing its parliamentary majority, […]
Global Payments Refocuses Strategy with $1.1 Billion Sale of Medical Software Unit
Global Payments announced it will sell its medical software unit, AdvancedMD, to the investment firm Francisco Partners for $1.13 billion. The move aligns with Global Payments’ strategy to concentrate on core financial technology services. Following the announcement, Global Payments’ shares rose by nearly 4%, partly boosted by news of a $600 million accelerated stock buyback […]
Dollar Holds Steady Amid Mixed Economic Signals as Payroll Report Looms; German Retail Sales Show Surprise Growth
The U.S. dollar remained in a narrow range on Thursday, as investors assessed mixed economic indicators in anticipation of the highly-anticipated payroll report at the end of the week. At 05:35 ET (09:35 GMT), the Dollar Index, which measures the dollar against six major currencies, edged slightly higher to 103.917, after reaching a late-July peak […]