News
Important Only
US Dollar Index (DXY) slides below 104.00; seems vulnerable to weaken further
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, struggles to capitalize on a three-day-old recovery from a multi-month low and attracts fresh sellers at the start of a new week. The index remains depressed through the first half of the European session and is cuFxstreet
an hour ago
Euro zone economy growth accelerates to seven-month high in March, PMI shows
March 24 (Reuters) - Euro zone business activity grew at its fastest pace in seven months in March, supported by an easing in the long-running manufacturing downturn despite slower growth in services, a survey showed.Reuters
an hour ago
New Battle in the U.S. Bond Market: "Bessent Put" vs. "Powell Put"
TradingKey — For decades, U.S. bond traders adhered to the mantra: "Don’t Fight the Fed." But now, as Treasury Secretary Scott Bessent repeatedly pushes to lower the 10-year Treasury yield, a new slogan is gaining traction: "Don’t Fight the Treasury."
Oil inches up as markets weigh sanctions on Iran, Russia-Ukraine ceasefire talks
By Yuka Obayashi and Trixie Yap March 24 (Reuters) - Oil prices inched up on Monday as investors weighed the impact of fresh U.S. sanctions on Iranian exports against ceasefire talks aimed at ending the Russia-Ukraine war, which could lead to an increase in Russian supplies to global markets. ...Reuters
3 hours ago
Japan's Nikkei dips as looming US tariff deadline spurs caution
TOKYO, March 24 (Reuters) - Japan's Nikkei share average declined for a third straight session on Monday as uncertainty ahead of a looming deadline for implementing additional U.S. tariffs sapped investor appetite for riskier assets.Reuters
3 hours ago
METALS-London copper firms as dollar slips; looming US tariffs cap gains
NEW DELHI, March 24 (Reuters) - Copper prices in London rose on Monday, tracking some weakness in the dollar, although concerns over the looming U.S. tariffs checked gains.The benchmark three-month copper CMCU3 on the London Metals Exchange (LME) added 1.3% to $9,988 a metric ton as of 0715 GMT.The ...Reuters
3 hours ago
EXCLUSIVE-India's $23 bln plan to rival China factories to lapse after it disappoints
NEW DELHI, March 24 (Reuters) - Indian Prime Minister Narendra Modi's government has decided to let lapse a $23 billion program to incentivize domestic manufacturing, just four years after it launched the effort to woo firms away from China, according to four government officials.Reuters
5 hours ago
EUR/JPY advances to near 162.00 after release of downbeat Japan’s PMI data
EUR/JPY continues its upward momentum for a second consecutive session, trading near 162.00 during Asian hours on Monday. The Japanese Yen remains under pressure as weaker-than-expected Purchasing Managers’ Index (PMI) data offsets a hawkish Bank of Japan’s (BoJ) outlook. Investors are now looking..
Fxstreet
5 hours ago
Trump’s Tariffs: Bearish or Bullish for the Dollar? Dollar Bulls Crack for the First Time
TradingKey — Expectations of Donald Trump’s potential return to the White House initially reignited a "Trump trade" frenzy, including a stronger dollar. However, as Trump’s tariff policies become increasingly erratic and fears of a U.S. recession mount, dollar bulls are turning bearish.Japanese Yen adds to intraday losses after Japan’s weaker PMI report
The Japanese Yen (JPY) continues to lose ground against its American counterpart for the third consecutive day on Monday and weakens further in reaction to the weaker flash March Purchasing Managers' Index (PMI). Apart from this...Fxstreet
7 hours ago
Suffers Nine Consecutive Weeks of Decline: Trump Administration Endorses a "National-Level Stock"?
TradingKey - Tesla’s stock has now fallen for nine consecutive weeks, a decline partially attributed to Elon Musk’s political stances. The slump has prompted rare public interventions, including former U.S. President Donald Trump and current U.S. Secretary of Commerce Howard Lutnick.
TradingKey
7 hours ago
BoJ’s Ueda: Will adjust the degree of monetary easing if the 2% inflation target is likely to be achieved.
Speaking in the Japanese parliament on Monday, Bank of Japan (BoJ) Governor Kazuo Ueda said that the central bank “will adjust the degree of monetary easing if the 2% inflation target is likely to be achieved.” Additional quotes Cannot sell long-term JGB holdings immediately; have been gradually...Fxstreet
8 hours ago
Elon Musk is doing nothing to stop Tesla’s downfall
Tesla sales are collapsing worldwide, and Musk’s chaotic leadership and focus on political power plays are doing nothing to stop the downfall. The start of 2025 has been troubling, particularly in Europe, where Tesla saw a 45% drop in new registrations in January compared to the same period[…]Cryptopolitan
8 hours ago
Oil prices hold steady as investors monitor Russia-Ukraine ceasefire talks
TOKYO, March 24 (Reuters) - Oil prices held steady on Monday as investors assessed the outlook for ceasefire talks aimed at ending the Russia-Ukraine war, which could lead to an increase in Russian oil to global markets.
Reuters
9 hours ago
China stock market ran ahead of macro fundamentals, says BofA
Investing.com -- Bank of America cautioned that China’s equity market rally has outpaced underlying macro fundamentals, with looming tariff risks potentially testing market resilience in April.Despite better-than-expected January-February activity growth indicators, recent data on imports,...Investing.com
10 hours ago
Japan's factory activity declines accelerate, services sag, PMI shows
TOKYO, March 24 (Reuters) - Japan's factory activity fell at the fastest pace in a year in March, dragged by declines in production and new orders in a worrying sign for the economy, a private-sector survey showed on Monday.Reuters
10 hours ago
Bitcoin Holds Critical Support At $83,444 As Bulls Target Key Resistance
Crypto analyst Ali Martinez has shared some important insights into the current Bitcoin (BTC) market based on UTXO Realized Price Distribution (URPD). Using this metric, the renowned market expert has highlighted key support and resistance levels with a potentially strong impact on BTC’s...Bitcoinist
10 hours ago
Canadian PM Carney calls snap election, says Trump wants to break Canada
OTTAWA, March 23 (Reuters) - New Canadian Prime Minister Mark Carney on Sunday called a snap election for April 28, saying he needed a strong mandate to deal with the threat posed by U.S. President Donald Trump, who "wants to break us so America can own us."Reuters
10 hours ago
AUD/USD gains momentum above 0.6250 on RBA’s cautious tone, China support
The AUD/USD pair gains momentum to near 0.6280 during the early Asian session on Monday. The Australian Dollar (AUD) edges higher as the Reserve Bank of Australia (RBA) keeps interest rates high and the Australian economy benefits from expected Chinese stimulus.
Fxstreet
10 hours ago