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Update: Strong Gains in Communication Services, Consumer Discretionary Lift US Equity Indexes; Crude Oil Heads Higher
(Updates with index/price moves and geopolitical news from the first paragraph.) US equity indexe...
Semiconductor stocks are surging while the ‘Magnificent Seven’ is struggling. This divergence of fortunes could be bad news for the market.
Semiconductor stocks have surged more than 80% this year, riding a wave of AI demand from the “Magni...
ADNOC, Eni Acquire Stakes In Gas Blocks Linked To Argentina’s LNG Project
Abu Dhabi’s XRG, the international investment arm of the Abu Dhabi National Oil Company (ADNOC), and...
New Zealand weakens to near 0.5800 as China's Retail Sales fall short of estimates
The NZD/USD pair loses momentum to around 0.5810 during the Asian trading hours on Tuesday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) following the Chinese economic data. All ey ...
Australian Dollar falls further after weak China data
The Australian Dollar (AUD) faces further selling pressure against its major currency peers during the Asian trading session on Tuesday, sliding 0.16% to near 0.7060 against the US Dollar (USD).
Canadian Dollar steadies as US Dollar holds ground amid market caution
USD/CAD remains stronger for the fourth successive day, trading around 1.3990 during the Asian hours on Tuesday. The pair is holding its ground as the US Dollar (USD) stabilizes ahead of further devel ...
China’s Retail Sales miss expectations in May: What -0.6% means for the Australian Dollar
China’s Retail Sales fell 0.6% year-over-year (YoY) in May vs. 0% expected and 0.2% in April, the latest data released by the National Bureau of Statistics (NBS) showed Tuesday.
China Fixed Asset Investment (YTD) (YoY) registered at -4.1%, below expectations (-2%) in May
China Fixed Asset Investment (YTD) (YoY) registered at -4.1%, below expectations (-2%) in May
China Industrial Production (YoY) came in at 4.5%, above expectations (4.3%) in May
China Industrial Production (YoY) came in at 4.5%, above expectations (4.3%) in May
China Retail Sales (YoY) came in at -0.6%, below expectations (0%) in May
China Retail Sales (YoY) came in at -0.6%, below expectations (0%) in May
China House Price Index remains unchanged at -3.5% in May
China House Price Index remains unchanged at -3.5% in May
PBOC sets USD/CNY reference rate at 6.8108 vs. 6.8088 previous
On Tuesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8108 compared to the previous day's fix of 6.8088 and 6.7605 Reuters estimate.
Japanese Yen drifts higher ahead of BoJ rate decision
The USD/JPY pair declines to around 160.15 during the Asian trading hours on Tuesday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) following a deal to reopen the Strait of Hormuz. Al ...
WTI hovers around $80.00 as traders await developments on US-Iran peace talks
West Texas Intermediate (WTI) oil price inches higher after registering 3.7% losses in the previous day, trading around $80.10 per barrel during the Asian hours on Tuesday.
US President Donald Trump declares Iran ‘has agreed to never have a nuclear weapon’
US President Donald Trump said that Iran agreed not to ever have a nuclear weapon, the Guardian reported on Tuesday.