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SpaceX sheds $400bn in market value as debut rally hits reverse
Shares in Elon Musk’s AI and rockets group tumble more than 16% following fresh rise in US bond yiel...
Dow Jones Futures: Tech Stocks Tumble As SpaceX Plunges; Amazon, Alphabet, Nvidia Sell Off
Dow Jones Futures: The tech-heavy Nasdaq composite sold off Monday as SpaceX stock plunged. Amazon, ...
Oil falls as US waives Iranian sanctions and Nasdaq tumbles
Crude prices fell Monday after the US said it is temporarily lifting sanctions on Iran to allow it t...
Canadian Dollar moves little as traders adopt caution ahead of US-China summit
USD/CAD remains calm after six days of gains, trading around 1.3700 during the Asian hours on Thursday. The pair stays silent as the US Dollar (USD) moves little as market caution prevails ahead of a ...
Euro recovers above 1.1700 as ECB rate hike expectations counter stronger US PPI
The EUR/USD pair recovers some lost ground to near 1.1720 during the early Asian session on Thursday. The Euro (EUR) edges higher against the US Dollar (USD) on hawkish signals by European Central Ban ...
Japan Money Supply M2+CD (YoY) rose from previous 2% to 2.3% in April
Japan Money Supply M2+CD (YoY) rose from previous 2% to 2.3% in April
Gold edges higher to near $4,700 as Trump-Xi summit looms
Gold price (XAU/USD) trades in positive territory near $4,700 during the early Asian session on Thursday. The precious metal edges higher as markets turn cautious ahead of the US President Donald Trum ...
Markets climb wall of inflation worry as AI rally shrugs off the heat
The upcoming meeting between President Donald Trump and President Xi Jinping now looms as the next major stress test for a market already sprinting from one record high to another. Traders are no long ...
New Zealand Dollar gave back gains as hot US PPI offsets RBNZ expectations rise
NZD/USD ended Wednesday virtually flat, though the session produced a sharp two-way range of close to 50 pips.
Australian Dollar retreats from session peak as US PPI print beats sharply
AUD/USD gained roughly 0.3% on Wednesday, climbing through the session before peaking just below the recent cycle highs and pulling back into the close.
Forex Today: Hot US inflation data lifts US Dollar as markets brace for Retail Sales and UK GDP
The US Dollar Index (DXY) rises toward the 98.50 region, reaching its highest level since late April after US Producer Price Index (PPI) data came in much hotter than expected.
ECB’s Lane: Current energy shock is unfolding in a less demand-supportive environment
Philip Lane, Member of the European Central Bank (ECB), told an audience in London on Wednesday that the propagation of the Iran shock may be more contained than in 2022, but stronger and faster than ...
Fed’s Kashkari: Inflation too high
Neel Kashkari, President of the Federal Reserve (Fed) Bank of Minneapolis, spoke at a St. Paul Area Chamber event in St. Paul, Minneapolis, on Wednesday. He said that the big question is how long the ...
USD/JPY Price Forecast: Buyers defend 100-day SMA after intervention-driven volatility
USD/JPY trades with a mild upside bias on Wednesday as the Japanese Yen (JPY) remains under pressure from a stronger US Dollar (USD) and rising Oil prices linked to the Middle East war, given Japan’s ...
Canadian Dollar holds steady as US inflation boosts US Dollar while Oil cushions CAD
USD/CAD trades without a clear direction on Wednesday, hovering around 1.3700 at the time of writing, as investors balance persistent US Dollar (USD) strength against support for the Canadian Dollar ( ...