Breaking news from trusted financial sources. Central bank decisions, economic data releases, and expert analysis.
The Euro advanced against the US Dollar on Friday, recovering earlier weekly declines as market sentiment shifted regarding future Federal Reserve policy.
BTCC, a cryptocurrency exchange, has announced its platinum sponsorship of the TOKEN2049 Singapore event, highlighting its '0-Barrier Trading' theme.
A recent strategy paper argues MSCI should focus on market measurement rather than influencing corporate asset allocation decisions.
US business inventories showed no change in June, missing expectations, while overall sales experienced a notable monthly decrease.
Preliminary August data from the University of Michigan indicates a drop in consumer sentiment, alongside an uptick in short-term inflation expectations.
The USD/CHF currency pair encountered resistance near a critical price zone, leading to a decline and a test of significant technical levels.
Bank Leumi, Israel's largest bank, will enable cryptocurrency trading for clients through a collaboration with Paxos and Galaxy Digital.
The USDCAD pair has extended its recent downward trend, pushing to new weekly lows and approaching significant long-term moving averages.
Canadian manufacturing sales recorded a modest 0.1% increase in June, outperforming expectations and marking the fifth consecutive monthly rise.
Switzerland's robust Q2 GDP growth and economic resilience are being weighed against the euro's recent upward trend versus the franc.
Bitcoin slipped below a key support level of $64,000 as broader markets displayed a mixed performance, with the dollar retreating.
Norway's central bank maintained its key policy rate at 4.25%, indicating a possibility of further hikes if inflation persists above target.
The Swiss Franc sees a modest recovery against the US Dollar as market expectations for a September Fed rate hike diminish, with key US retail sales data pending.
A recent US jobs report indicated an unexpected decline in employment, suggesting a cooling economy and potentially alleviating inflation pressures.
The British Pound gained against the US Dollar on Friday as market participants adjusted their outlook on future Federal Reserve interest rate increases.
Investor apprehension has notably receded across various financial markets, including cryptocurrencies, equities, precious metals, and fixed income.
Despite recent speculation, an anticipated Bank of Japan rate hike might not significantly bolster the yen against persistent headwinds.
New bank loans in China decreased in July for the second time this year, missing expectations and signaling subdued credit demand.
The Eurozone's second-quarter GDP growth was confirmed at 0.4%, with the first-quarter figure revised down to 0.0% from an initial 0.1%.
The Eurozone recorded a substantial non-seasonally adjusted trade surplus of €8.6 billion in June, exceeding market expectations.
The Eurozone's seasonally adjusted trade balance shifted from a deficit to a surplus in June, reaching €1.8 billion.
Eurozone employment saw a modest 0.1% increase quarter-on-quarter in Q2 2023, aligning with economists' predictions.
The Eurozone's year-over-year employment growth remained at 0.5% in the second quarter, matching the previous period's rate.
The US Dollar Index (DXY) extended its decline, falling to the 99.70-99.75 range, as market participants scaled back projections for future Federal Reserve rate increases.
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