Germany’s wholesale price inflation softened for the second straight month in April, data from Destatis showed on Thursday. Wholesale prices grew 0.8 percent year-on-year in April, following a 1.3 percent rise in March. The overall inflation in April was due to higher prices for food products, non-ferrous ores and metals, and non-ferrous semi-finished metal products.
NZD/USD finds support as the US Dollar falters amid ongoing trade-related uncertainties. Market attention now turns to Thursday’s upcoming releases of US Retail Sales and Producer Price Index (PPI) data. The New Zealand Dollar is drawing support as trade tensions between the US and China show tentative signs of easing. NZD/USD appreciates after registering a
Activity in the global stock markets remained relatively subdued, with US posting a mixed close overnight and Asian markets slipping modestly lower today. Despite China’s 50bps Reserve Requirement Ratio cut taking effect, expected to inject over USD 138B into the banking system, investor reaction has been muted. The cautious tone reflects lingering concerns over the
59 of 62 economists (95%) see no change to interest rates in June meeting 39 of 58 economists (67%) see interest rates staying unchanged in Q3 (previously 36%) 30 of 58 economists (52%) see at least one more rate hike by year-end The median prediction for end-September rate is now 0.50% (previously 0.75%) The median
Indian Rupee posts modest gains in Thursday’s Asian session. Optimism from the US-China trade deal underpins the US Dollar and drags the INR lower. Traders brace for the US April Retail Sales and PPI data, due later on Thursday. The Indian Rupee (INR) strengthens on Thursday. The de-escalation of a trade war between the United
Oil, Iran: – Oil prices dropped quickly in early Asia after significant comments from a top adviser to Iran’s Supreme Leader Ayatollah Ali Khamenei. He said that Iran would agree to never making nuclear weapons getting rid of its stockpiles of highly-enriched uranium allow international inspectors to supervise the process in exchange for the immediate
GBP/USD contracts into near-term midrange ahead of key UK and US data GBP/USD slips modestly from weekly high as traders await UK GDP Pound Sterling outperforms US Dollar as US inflation cools down Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page
Most Read: Gold (XAU/USD) Slides 2.2% to One-Month Lows. $3150 incoming? USD/CAD has been on a grind higher since May 6 and has now returned to the key psychological level 1.4000 level. Volatility has subsided somewhat of late as trade deals and a rebound in overall market sentiment has led to calmer markets as a
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The pair trades near the 0.5900 zone after trimming intraday losses amid mixed technical signals. Weak US inflation and speculation of a soft-Dollar policy weigh on the Greenback. Support at 0.5884; resistance seen at 0.5908 and 0.5928 with technicals pointing to possible rebound. The NZD/USD pair is hovering near the 0.5900 level after giving back
Gold prices have slipped around 2.2% today to trade at $3176 at the time of writing. It appears safe-haven appeal is finally waning thanks to a combination of factors. US-China Deal The talks over the weekend between the global powers were one of the first dominos which have kept Gold prices under pressure. Today China’s
Stock heatmap by FinViz.com Wed, 14 May 2025 14:46:01 GMT Tech sector rebounds: Nvidia and Google lead market gains The US stock market is seeing a notable uptick today, with significant contributions from the technology sector. As investors navigate an increasingly nuanced landscape, both Nvidia (NVDA) and Google (GOOG) have emerged as standout performers, driving
Dollar faced broad selling pressure throughout the Asian and European sessions but has since found some footing as markets transition into the US trading day. However, direction remains murky, with traders appearing undecided on whether to push the greenback higher or extend the recent pullback. A similar tone of uncertainty is mirrored in equities, as
With FX volumes in Asia-Pacific (Apac) growing rapidly on the back of heightened volatility, HSBC is leveraging its regional and international footprint to broaden its FX offering, providing clients with robust solutions to meet their trading and hedging needs As worldwide trade disruptions have led to market volatility and uncertainty in Apac, market participants in
