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GBP/USD slides to its lowest level since November, eyes 1.2400 ahead of UK jobs data
GBP/USD drops to a fresh YTD low and is pressured by a combination of factors. Bets for more aggressive policy easing by the BoE continue to weigh on the GBP. Reduced Fed rate cut bets underpin the USD and also contribute to the downfall. The GBP/USD pair drifts lower for the third straight day on T
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USD/JPY soars to 34-year high amidst rising US yields, risk aversion
USD/JPY continues its ascent, breaking past 154.00, driven by strong US economic data and risk aversion from Middle East tensions. March's robust US Retail Sales highlight ongoing consumer strength, pushing up US Treasury yields. Japanese officials voice worries over swift currency fluctuations, sta
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Mexican Peso tumbles amid geopolitical tensions and hawkish Fed comments
Mexican Peso faces sharp decline as geopolitical risks escalate, hawkish comments from Boston Fed's Susan Collins weigh on market mood. Speculations of imminent Iranian attack on Israel prompt flight to safety. Fed's Susan Collins revises rate cut expectations, suggesting a cautious approach to mone
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ECB signals a June rate cut as the euro sinks
The ECB held interest rates on Thursday, as expected, however, there was a notable dovish shift in communication from the governing council and from Christine Lagarde. This suggests that the ECB is priming the market an interest rate cut in June. The ECB said that the current interest rate is ‘makin
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CAC 40 Inches Higher In Cautious Trade Ahead Of Fed Minutes
French stocks were seeing modest gains on Wednesday amid bets that cooler inflation will allow the European Central Bank (ECB) to start lowering borrowing costs sooner than the Federal Reserve. After keeping borrowing costs on hold one last time Thursday, the ECB is expected to lay the ground for th
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Sensex Gains 494 Points; Nifty Tops 22,650
Indian shares rose notably on Monday as Middle East tension eased somewhat, and focus shifted to the upcoming earnings season. The dollar paused and oil prices retreated from a six-month high hit last week, helping underpin investor sentiment. The benchmark S&P BSE Sensex rose 494.28 points, or
