US Retail Sales Rise 0.5% in April, Matching Forecasts as Consumer Spending Holds Steady
The U.S. Department of Commerce reported Wednesday that retail sales increased 0.5% in April 2025, a figure that aligns precisely with consensus expectations
Forex News
Forex News
British Pound Volatility Drivers Shift to Political Risks, Warns DBS
Analysts at DBS Bank have issued a note suggesting that the primary driver of volatility in the British Pound is undergoing a notable
Forex News
US Initial Jobless Claims Edge Higher to 211K, Labor Market Remains Resilient
The U.S. Department of Labor reported on Thursday that initial jobless claims for the week ending [insert specific date, e.g., May 18] rose
Forex News
BNY Says Tax Cuts and Oil Waiver Could Bolster Indian Rupee
MUMBAI – Bank of New York Mellon (BNY) has suggested that a combination of targeted tax cuts and a temporary waiver on crude
Forex News
Rising JGB Yields Bolster Case for Bank of Japan Rate Hike, MUFG Says
Analysts at Mitsubishi UFJ Financial Group (MUFG) have pointed to the recent uptrend in Japanese government bond (JGB) yields as a factor that
Forex News
Sterling Slides Despite Strong UK GDP: Political Noise Drowns Out Growth Data
The British pound fell against the US dollar and the euro on Thursday, erasing gains from earlier in the week, as political uncertainty
Forex News
British Pound Faces Headwinds from Political Risk, Gilt Relief Offers Limited Support: Societe Generale
The British Pound is navigating a complex landscape of domestic political uncertainty and a temporary reprieve in the UK gilt market, according to
Forex News
Silver Rally Appears Stretched in Near Term, OCBC Analysts Warn
Singapore — Analysts at OCBC Bank have issued a cautious note on silver, suggesting the precious metal’s recent rally may be overextended in
Forex News
U.S. Dollar Holds Steady as Markets Eye Trump-Xi Summit for Trade Signals
The U.S. dollar remained broadly stable in early trading on Tuesday as currency markets adopted a cautious stance ahead of a highly anticipated
Forex News
Euro Holds Steady Near 1.1700 as Markets Await Beijing Summit and US Retail Sales
The euro remained relatively flat against the US dollar on Tuesday, hovering near the 1.1700 mark as currency traders adopted a cautious stance