You need to be logged in to view this content.
Summary
European Market Update – Key move yesterday was President’s Trump announcement to pull the U.S. out of the Paris climate accord. This caused Stock Markets to closed at Record highs., while Oil prices slumped below the $48.00 area from about $49.20. Today, Yen weakness has been the main show in town so far. USDJPY rallied to an eight-day peak at 111.71, with the Japanese currency under-performing as a risk-on vibe coursed through global markets following a round of solid PMI reports and a stronger than expected U.S. ADP report, which points to upside risks to today’s payrolls report.
Latest Live Videos
Editors’ Picks
EUR/USD regains traction, recovers above 1.0700
EUR/USD regained its traction and turned positive on the day above 1.0700 in the American session. The US Dollar struggles to preserve its strength after the data from the US showed that the economy grew at a softer pace than expected in Q1.
GBP/USD returns to 1.2500 area in volatile session
GBP/USD reversed its direction and recovered to 1.2500 after falling to the 1.2450 area earlier in the day. Although markets remain risk-averse, the US Dollar struggles to find demand following the disappointing GDP data.
Gold holds around $2,330 after dismal US data
Gold fell below $2,320 in the early American session as US yields shot higher after the data showed a significant increase in the US GDP price deflator in Q1. With safe-haven flows dominating the markets, however, XAU/USD reversed its direction and rose above $2,340.
XRP extends its decline, crypto experts comment on Ripple stablecoin and benefits for XRP Ledger
Ripple extends decline to $0.52 on Thursday, wipes out weekly gains. Crypto expert asks Ripple CTO how the stablecoin will benefit the XRP Ledger and native token XRP.
After the US close, it’s the Tokyo CPI
After the US close, it’s the Tokyo CPI, a reliable indicator of the national number and then the BoJ policy announcement. Tokyo CPI ex food and energy in Japan was a rise to 2.90% in March from 2.50%.