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Asian stocks ended mixed on Wednesday, with mainland Chinese stocks posting strong gains after GDP data for the first quarter beat expectations. Japanese markets led losses to end lower for a third day running due to concerns over rising bond yields and heightened tensions in the Middle East. Uncert

EUR/USD could test the support at the psychological level of 1.0600. The pair could extend losses to November’s low at 1.0516 as Technical analysis suggests a bearish confirmation. The area around the major level of 1.0650 and the 23.6% Fibo level of 1.0672 appears as the resistance zone. EUR/USD co

EUR/USD rebounds from five-month lows despite hawkish tone surrounding the Fed’s monetary policy outlook. ECB member Gediminas Šimkus indicated that there is a probability of more than 50% for more than three rate cuts to occur in 2024. Traders may seek refuge in the safe-haven US Dollar due to esca

Asian stocks ended mixed on Thursday as hotter-than-expected U.S. inflation data stoked fresh uncertainty about the pace of Federal Reserve rate cuts this year. The dollar firmed up, pushing the Japanese yen down to a 34-year low. U.S. Treasury yields steadied after surging to their highest levels s

NZD/USD holds positive ground near 0.5982 after the Chinese economic data on Thursday. Chinese CPI rose 0.1% YoY in March, compared to a 0.7% rise in February and the consensus of 0.4% increase. The strong US economy and elevated inflation triggered the Federal Reserve (Fed) to delay cutting interes

After holding firm till around late afternoon, European stocks came off higher levels on Wednesday after data from the Labor Department showed U.S. consumer prices advanced by slightly more than expected in the month of March. Still, most of the markets in Europe managed to end the day's session on