The mood in financial markets has remained upbeat towards the late summer as peak uncertainty over US trade policies appears to ease. Even if the US July Jobs Report showed that employment growth has been clearly weaker than previously thought, economic surprise indices have otherwise stabilized at neutral or slightly positive levels across all major…
By FxPro Market Picture The crypto market increased its capitalisation by almost 1% over the past day to $3.76 trillion. This smooth recovery is consistent with the growing appetite in the stock markets, where the Nasdaq100 is approaching peak values, trading just over 1% below its historical highs. The growth drivers remain the leading altcoins…
Markets just received the report for the monthly ISM Services PMI report, and despite a beat on the Global PMI report (55.1 vs 54.6 expected – less Market-moving), the more influent Services data missed by a decent margin. The data came in at 50.1, just at the brink of contraction territory and with the 51.5…
Trading in the region of $37.35700 in today’s session, Silver looks to continue bullish momentum shown in Friday’s session, rallying from monthly lows. Silver (XAG/USD): Key takeaways from today’s session Writing after Friday’s weak job report, Silver has found support on a weakened dollar and as traders adjust expectations for Fed monetary policy Latest developments…
Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill have decided to plead guilty to charges related to their mixer service. The pair had previously denied guilt in April 2024 and had made several attempts to have their lawsuit dropped. Pleas Changed on Wednesday According to court documents shared earlier in the week, the executives agreed…
Markets entered last week riding a wave of optimism, but exited rattled. Wall Street could have marked the end of its summer rally, with Friday’s sharp selloff capping a week of crosswinds, from upbeat GDP numbers and trade deals to dismal job data and institutional upheaval. Dollar, too, saw its recent momentum falter, closing the…
Markets The three biggest Euro area economies released July inflation numbers today. French prices rose 0.3% m/m to be up a June-matching 0.9% on a yearly basis as energy was still heavily weighing on inflation. Italian inflation meanwhile dropped 1% on a monthly basis with the year-on-year print easing from 1.8% to 1.7%. Both countries…
Markets And it’s a deal. The US and European Union struck a trade agreement yesterday, concluding months of back and forth negotiations. Both parties agreed an across-the-board 15% US import levy, covering all goods. That includes cars (which are currently struck by a 27.5% tariff) and according to EC president von der Leyen and senior…
Investor sentiment turned decisively upbeat last week, with global equities rallying on the back of a landmark trade agreement between the US and Japan. The deal was welcomed by markets as a major breakthrough just days ahead of the August 1 tariff deadline. Japan’s Nikkei surged past 42k mark, with momentum now suggesting a breakout…
US dollar The US has signed agreements with Japan, Indonesia and the Philippines. Tariffs range from 15% to 19%. Tokyo has secured a reduction in import duties on cars from Washington from 25% to 15%. Looking at this deal, the European Union also wants to get 15% tariffs. Brussels does not intend to activate the…