EUR/USD forecast ahead of ECB decision, US NFP data
The EUR/USD exchange rate remained on edge on Monday morning as traders focused on the upcoming European Central Bank (ECB) decision, US nonfarm payrolls (NFP), and updates on US and…
Economy
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China’s manufacturing PMI jumps to 50.8 in February as factories ramp up after Lunar New Year
China’s manufacturing sector saw a sharp rebound in February, with the Caixin/S&P Global Purchasing Managers’ Index (PMI) rising to 50.8, its highest level in three months. The increase signals that…
European leaders to draft Ukraine peace plan to secure US backing: here’s what we know so far
European leaders have agreed to draft a Ukraine peace plan to present to the United States, aiming to secure Washington’s security guarantees for Kyiv. The initiative follows a high-stakes summit…
China eyes US agriculture for potential trade war escalation: report
The Global Times, the Chinese state-backed media outlet, has reported that China is considering targeting American agricultural exports as a countermeasure against new US import tariffs. This move raises the stakes…
Iron ore futures extend losing streak as US-China trade tensions weigh on market
Iron ore futures experienced a decline for the sixth consecutive session on Monday. This downward trend was fueled by escalating trade tensions between the United States and China, the world’s leading…
Big Food’s big challenge of keeping up with evolving consumer diets has Wall Street wary
Major food manufacturers, including JM Smucker, Mondelez International, Hershey, and PepsiCo, have faced declines in stock performance over the past year, raising concerns about the long-term viability of their business…
India’s gold demand recovers slightly but remains below average
Gold demand in India picked up in the latter half of the week, but still remained below average as prices moved down from record highs.Meanwhile, traders in China continued to…
US inflation cools in January, fueling hopes for a June rate cut
Inflation showed a modest decline in January, even as concerns grew over President Donald Trump’s proposed tariffs.The personal consumption expenditures (PCE) price index, which serves as the Federal Reserve’s preferred…
Why demand for platinum and palladium is at risk from proposed US tariffs?
The demand for precious metals like platinum and palladium is expected to decline if the proposed tariffs by President Donald Trump on US auto imports lead to a decrease in…
Citigroup’s $81 trillion blunder: how a ‘fat finger’ mistake was caught
Citigroup narrowly avoided what could have been one of the largest banking blunders in history after it mistakenly credited a client’s account with $81 trillion instead of the intended $280.…