Gold price edged higher on Wednesday (up 1.6% in Asian / European trading) after falling over 4% on Tuesday. Stronger US dollar on increased safe-haven demand and fading prospects of Fed rate cuts, pressured yellow Read more…
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As can be seen on the XAG/USD chart, the price of silver is recovering after forming yesterday’s low below the $79 level. The price per ounce has already exceeded $86 today (+10% in less than Read more…
Market Overview The crypto market cap changed slightly over the past 24 hours, amounting to $2.34T compared to $2.33T the day before. But this is a victory for cryptocurrencies, given the impressive sell-off those financial Read more…
USD/JPY paused briefly midweek after a series of solid gains, currently trading at 157.59. The Japanese currency remains under pressure from a strengthening US dollar amid concerns that a prolonged conflict in the Middle East Read more…
Eurozone industrial producer prices rose sharply in January, signaling renewed upstream inflation pressures. According to data from Eurostat, PPI increased 0.7% mom, significantly above expectations of a 0.2% rise. The increase was broad-based across industrial Read more…
The UK service sector continued to expand steadily in February, with final PMI Services reading coming in at 53.9, only slightly below January’s 54.0. PMI Composite index was unchanged at 53.7, maintaining the 17-month high Read more…
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Eurozone business activity strengthened modestly in February, with services providing continued support to the region’s fragile recovery. The final PMI Services reading came in at 51.9, up from January’s 51.6. PMI Composite index was finalized Read more…
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