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Dollar dithers, yen gains on BOJ rate hike bets
SINGAPORE, March 13 (Reuters) - The dollar struggled for traction on Thursday as investors worried about the impact of an escalating global trade war on U.S. inflation and growth, while the yen ticked higher on favourable domestic conditions for more policy tightening.
Reuters
Thu, Mar 13
WTI remains below $67.50 as escalating trade tensions overshadow potential demand boost
West Texas Intermediate (WTI) crude Oil price remains subdued after two days of gains, trading around $67.40 per barrel during early European hours on Thursday. However, crude Oil could face headwinds as traders shift their focus to escalating global trade tensions.Fxstreet
Thu, Mar 13
EUR/GBP falls below 0.8400 as Euro struggles amid market jitters
EUR/GBP continues its losing streak for the second straight day, trading near 0.8390 during European hours on Thursday. The currency cross remains under pressure as the Euro (EUR) struggles amid deteriorating market sentiment following US President Donald Trump’s additional tariff threats in respons
Fxstreet
Thu, Mar 13
US Dollar Index Price Forecast: Tests immediate support at 103.50 near four-month lows
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against its six major peers, remains steady after registering gains in the previous session, trading around 103.60 during the Asian hours on Thursday. However, the technical analysis of the daily chart indicates a...Fxstreet
Thu, Mar 13
Google unveils Gemma 3: Open-source AI models that run on a single GPU
Alphabet Inc's Google (NASDAQ:GOOGL) has released Gemma (EGX:ECAP) 3, a new collection of open-source AI models designed to operate on a single GPU or TPU. The launch represents a significant step forward in democratizing advanced AI technology, making powerful language models accessible to...
Investing.com
Thu, Mar 13
Japanese investors pull out of foreign bonds after European debt selloff
March 13 (Reuters) - Japanese investors sold the highest quantum of foreign bonds in over a month in the week through March 8, turning cautious due to a selloff in Eurozone debt markets triggered by Germany's plans for robust fiscal spending.
Bitcoin Top Buyers Show Capitulation: Is This A Buying Opportunity?
In its latest weekly report, the on-chain analytics firm Glassnode has discussed about how the Bitcoin short-term holders have reacted to the recent market downturn. The “short-term holders” (STHs) refer to the Bitcoin investors who purchased their coins within the past 155 days.
Adobe delivers soft guidance after Q1 results beat estimates
Investing.com - Adobe reported on Wednesday fiscal first-quarter results that beat analysts' forecasts, but reiterated its full-year guidance that fell short of estimates. Adobe announced adjusted earnings per share of $5.08 on revenue of $5.71 billion.
Investing.com
Thu, Mar 13
EUR/USD weakens below 1.0900 on trade tension
The EUR/USD pair loses ground to around 1.0880 during the Asian trading hours on Thursday. The escalating trade tension between the United States and the European Union (EU) exerts some selling pressure on the Euro (EUR) against the Greenback. Traders will take more cues from the US February Produce
Fxstreet
Thu, Mar 13
Japan's Nikkei tracks US peers higher, climbs nearly 1%
TOKYO, March 13 (Reuters) - Japan's Nikkei share average rose nearly 1% on Thursday, as gains of U.S. technology stocks lifted sentiment, prompting investors to scoop up heavyweight chip-related shares.The Nikkei .N225 was up 0.96% at 37,173.82 by the midday break, while the broader Topix .TOPX...Reuters
Thu, Mar 13
Bank of Korea says wary of FX volatility on trade war risks
SEOUL, March 13 (Reuters) - South Korea's central bank said on Thursday that U.S. President Donald Trump's escalating trade war could drag on longer than expected and increase the risk of capital outflows while also raising volatility in the dollar-won market.Reuters
Thu, Mar 13
Gold price eyes record high amid rising trade tensions, Fed rate cut bets
Gold price (XAU/USD) trades with a positive bias for the third consecutive day and climbs to over a two-week high, around the $2,942-2,943 region during the Asian session on Thursday. Concerns about rising trade tensions and the potential economic slowdown in the wake of US President Donald...
Fxstreet
Thu, Mar 13
Oil eases on concerns about escalating tariff wars' impact on global economy
TOKYO, March 13 (Reuters) - Oil prices eased on Thursday after surging the day before as worries about the impact of intensifying tariff wars on global economic growth and energy demand outweighed the positive sentiment from a larger-than-expected draw in U.S. gasoline stocks. ...Reuters
Thu, Mar 13
