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EUR/USD Stalls at Critical 1.1600 Level Following Revealing HCOB PMI Data
bitcoinworld33d ago

EUR/USD Stalls at Critical 1.1600 Level Following Revealing HCOB PMI Data

BitcoinWorldEUR/USD Stalls at Critical 1.1600 Level Following Revealing HCOB PMI DataIn European trading on Thursday, the EUR/USD currency pair demonstrated notable resilience, holding steady near the psychologically significant 1.1600 level. This stability followed the immediate market reaction to the latest HCOB Purchasing Managers’ Index (PMI) data releases from Germany and the Eurozone. Consequently, traders and analysts are scrutinizing the fundamental drivers behind this price action, [...]This post EUR/USD Stalls at Critical 1.1600 Level Following Revealing HCOB PMI Data first appeared on BitcoinWorld.

#FOREX#ECONOMY
Gold gains 2pc as widening Middle East war fuels safe‐haven demand
dawn33d ago

Gold gains 2pc as widening Middle East war fuels safe‐haven demand

Gold prices climbed 2 per cent on Wednesday, rebounding from their lowest in more than a week reached in the previous session, as the dollar took a breather and mounting tensions in the Middle East drove investors toward safe havens.However, gold prices in Pakistan registered a significant drop of Rs10,000 per tola, settling at the rate of Rs 539,962 per tola.Spot gold gained 2.2pc to $5,198.58 per ounce by 10:17 GMT, after falling more than 4pc on Tuesday.U.S. gold futures for April delivery added 1.7pc to $5,211.20.The U.S. dollar fell 0.2pc, making greenback-priced gold more affordable for buyers using other currencies.“After the past few days of position unwinds and dollar strength, markets are back to a more typical macro risk-off stance, with silver higher too. A pause in the rise of the dollar and Treasury yields helps with their opportunity costs,” said Jamie Dutta, market analyst at Nemo.money. “Gold and silver’s safe-haven characteristics can shine again.”Spot silver advanced 5.3pc to $86.39 per ounce, after falling more than 8pc in the last session.Gold’s appeal as it draws support from the widening conflict in the Middle East is expected to remain intact even if some investors have favored the dollar as their preferred safe-haven, traders and analysts said on Tuesday.Asian stocks tanked as investors dumped crowded bets on chipmakers on worries that the widening Middle East war would drive an oil shock, accelerating inflation and delaying interest rate cuts.Markets see the US Federal Reserve holding rates at its two-day meeting later this month.“If the military campaign prolongs or expands across the region, safe-haven demand could continue to support gold above the $5,000/oz level and potentially open the door for a retest of the recent highs,” said Linh Tran, senior market analyst at XS.com.Spot platinum added 5.1pc to $2,189.68 an ounce. The global platinum market is forecast to post a fourth consecutive year of deficit in 2026 at 240,000 troy ounces, the World Platinum Investment Council said. Palladium gained 3.6pc to $1,705.71.

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Texas claims 14th straight Governor’s Cup
boernestar33d ago

Texas claims 14th straight Governor’s Cup

Texas claims 14th straight Governor’s Cup Texas dominates nation for new business locations, expansion projectsAUSTIN — For the 14th year in a row, Texas was named winner of the Governor’s Cup by Site

#ECONOMY
Oil extends rally as Strait of Hormuz disruption and output cuts fuel supply concerns
londonlovesbusiness33d ago

Oil extends rally as Strait of Hormuz disruption and output cuts fuel supply concerns

Oil prices were higher today, extending a sharp multi-day rally. Escalating geopolitical tensions in the Middle East continue to drive price action. The threats and attacks on tankers caused significant...The post Oil extends rally as Strait of Hormuz disruption and output cuts fuel supply concerns appeared first on London Business News | Londonlovesbusiness.com.

#ECONOMY
Ripple Redefines Payments with End-to-End Stablecoin Platform and Global Customer Momentum
ffnews33d ago

Ripple Redefines Payments with End-to-End Stablecoin Platform and Global Customer Momentum

Ripple, the leading provider of blockchain-based enterprise solutions across traditional and digital finance, today announced a major expansion of Ripple Payments — its solution for moving money across both traditional and digital rails. With new product functionality and accelerating customer adoption, Ripple is cementing its role as the one-stop shop for enterprise-ready digital asset solutions.The post Ripple Redefines Payments with End-to-End Stablecoin Platform and Global Customer Momentum appeared first on FF News | Fintech Finance.

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