News
Indonesia raises rates in surprise move to prop up sinking rupiah
2+ hour, 52+ min ago (126+ words) KLSE Screener JAKARTA: Indonesia's central bank raised interest rates by 25 basis points on Tuesday in an unexpected off-cycle rate hike, taking the benchmark rate to 5. 50% as it moves to stabilise the rupiah, which has hit a series of record lows....
Citi Maintains Bearish View on Gold, Cuts Short-term TP to USD4, 000 per Ounce
8+ hour, 50+ min ago (73+ words) AASTOCKS. com Citi said in a report that, affected by strong US employment data last Fri (5th), gold closed below its 200-day moving average for the first time since September 2023. The bank maintained its bearish view on gold and lowered its…...
Revolut offers 5% rate on instant access savings account
52+ min ago (242+ words) Revolut has launched a 5% boosted savings rate for all new customers on its Instant Access Savings account. The bank, which became licensed in the UK earlier this year, is offering the new rate for a promotional period of six months....
Gold, Silver & The Fed Shock: Market Commentary With Kunal Shah
1+ hour, 48+ min ago (251+ words) Commodity markets are witnessing sharp volatility and Kunal Shah, Head of Commodity Research, Nirmal Bang decodes what's really driving the action. From the recent correction in gold and silver to the outlook on crude oil, natural gas, copper, aluminium, cotton…...
What is keeping the Japanese Yen above 160 despite expectations of a Bo J rate hike?
37+ min ago (347+ words) Elevated global energy prices and geopolitical friction continue to dominate market sentiment, leaving major financial institutions aligned on a soft near-term path for the Japanese currency. Analysts at Commerzbank note that Japan's structural economic backdrop is showing clear signs of…...
US Nonfarm Payrolls complete miss, opportunities? Silver in descending triangle [Video]
1+ hour, 4+ min ago (677+ words) In today's Market Outlook, let's take a look at Forex trading on Silver, XAGUSD, NZDUSD, USDCAD, and EURUSD. We have been following the strength of USD, and the US Non-Farm Payrolls gave the greenback another boost. If you want to…...
Gold slips below 200-day average as inflation jobs and Fed risks bite
3+ hour, 10+ min ago (429+ words) Head of Commodity Strategy The latest setback in ceasefire negotiations has only reinforced that dynamic. As long as the conflict continues to threaten energy supplies and keep inflation risks elevated, investors are likely to remain focused on the prospect of…...
Euro Edges Higher as Markets Eye Imminent ECB Rate Hike
3+ hour, 45+ min ago (816+ words) EUR/USD is advancing toward 1. 1545 in early European trading on Tuesday, underpinned by growing conviction that the European Central Bank will deliver a rate hike at its June policy meeting on Thursday. The pair is benefiting from the ECB's hawkish…...
Gold slips below 200-day average as hawkish Fed repricing, oil inflation fears and EM duties weigh
1+ hour, 9+ min ago (254+ words) Loyalty Rewards and Privileges The robust May jobs report, which showed the US economy adding over 250, 000 jobs, has pushed the 10-year Treasury yield back above 4. 75%. This reinforces the market's belief that the Fed will remain hawkish and delay any potential…...
Sterling Surges Amid Improved Risk Appetite and Global Trade Prospects | Business
1+ hour, 45+ min ago (277+ words) Sterling Surges Amid Improved Risk Appetite and Global Trade Prospects Devdiscourse Sterling Surges Amid Improved Risk Appetite and Global Trade Prospects Sterling strengthened against the dollar and euro as global risk appetite improved. The pound benefited from investor optimism on…...