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WTI advances to near $66.50, upside seems limited due to rising US growth concerns
West Texas Intermediate (WTI) Oil price gains ground for the second successive day, trading $66.40 during the European hours on Wednesday. However, Oil prices faced downward pressure amid rising demand concerns over a potential US economic slowdown and the impact of tariffs on global growth, which l
Fxstreet
Wed, Mar 12
Pound Sterling holds onto gains against US Dollar ahead of US inflation data
The Pound Sterling (GBP) stays firm near the four-month high of 1.2965 against the US Dollar (USD) in Wednesday’s European session. The GBP/USD pair clings to gains while the US Dollar gauges temporary support ahead of the United States (US) Consumer Price Index (CPI) data for February, which will..
Fxstreet
Wed, Mar 12
Japan’s Hayashi: I would like to have close communication with the US over auto tariffs
Japan’s Chief Cabinet Secretary Yoshimasa Hayashi noted on Wednesday that “I would like to have close communication with the US over auto tariffs.” Additional quotes It's regrettable that the US went ahead with steel and aluminum tariff despite our request for exemption.
Fxstreet
Wed, Mar 12
Japan's bond yields track US peers higher
TOKYO, March 12 (Reuters) - Japanese government bond (JGB) yields edged higher on Wednesday as a rise in U.S. Treasury yields overnight took the spotlight. The 10-year JGB yield JP10YTN=JBTC rose 1.5 basis points (bps) to 1.52%, following a rise in U.S. Treasury yields after news that Ukraine...Reuters
Wed, Mar 12
PRECIOUS-Gold eases as dollar firms; US inflation data awaited
Gold in "consolidation mode" ahead of inflation data - analystU.S. consumer price index (CPI) data at 1230 GMTKyiv said it would By Anjana Anil March 12 (Reuters) - Gold eased on Wednesday as the dollar ticked up, while investors awaited U.S. inflation data to gauge the Federal Reserve...Reuters
Wed, Mar 12
Japan's Nikkei ekes out gains as US tariffs, growth concerns keep trade volatile
TOKYO, March 12 (Reuters) - Japan's Nikkei share average rose in choppy trade on Wednesday as investors bought back shares after sharp declines in the last session, although concerns about U.S. tariffs and their impact on the global economy continued to weigh on sentiment.Reuters
Wed, Mar 12
US Dollar Index Price Forecast: Key support level emerges near 103.00, oversold RSI condition eyed
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, recovers to near 103.55 after bouncing off four-month lows around 103.20. However, the upside for the index might be limited amid concerns mounted over a US slowdown and the impFxstreet
Wed, Mar 12
Dollar on defensive as Trump tariffs fuel economic worries
TOKYO, March 12 (Reuters) - The dollar struggled on Wednesday to lift off a five-month low against major peers, as worries about the U.S. economy simmered, in view of President Donald Trump's unpredictable trade policies.The euro hovered around a five-month peak on increased optimism for an end...
Trump says stock market will 'do great' but 'we have to do this'
Investing.com -- U.S. President Donald Trump addressed the stock market again at a White House event on Tuesday. Stocks have been under extreme pressure for the past few weeks due to uncertainty about the administration’s ever-changing tariff policy.
Investing.com
Wed, Mar 12
China's yuan firms to 4-month high as US worries weigh on dollar
SHANGHAI, March 12 (Reuters) - China's yuan climbed to a four-month high against the dollar on Wednesday, as the greenback was hobbled by U.S. economic worries caused by President Donald Trump's unpredictable trade policies.
Reuters
Wed, Mar 12
Is Ethereum Foundation’s 30,000 ETH Really At Risk? Here’s The Truth
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has experienced renewed downward pressure amid a widespread market crash. After reaching a mid-December high of $4,107—still below its November 2021 all-time high of $4,868—ETH slipped below $1,800, marking a 53% drop from..
Bitcoinist
Wed, Mar 12
US oil futures rise despite API inventory showing larger build in crude stocks
Investing.com -- U.S. crude oil futures move above post-settlement levels Tuesday despite the American Petroleum Institute reporting a larger-than-expected increase in weekly domestic crude stockpiles. Crude Oil WTI Futures, the U.S. benchmark, recently traded at $66.61 a barrel following the...Investing.com
Wed, Mar 12
Musk, Ambani join hands in surprise Starlink India internet deal
NEW DELHI, March 12 (Reuters) - Mukesh Ambani's Reliance Jio signed a deal with Elon Musk's SpaceX to bring Starlink satellite internet services to India, a surprise move from the billionaires after being at odds for months over how the country should grant them spectrum.Reuters
Wed, Mar 12
Trump's steel, aluminum tariffs take effect as US-Canada trade war intensifies
WASHINGTON, March 12 (Reuters) - U.S. President Donald Trump's increased tariffs on steel and aluminum imports took effect on Wednesday as prior exemptions, duty free quotas and product exclusions expired, as his campaign to reorder global trade norms in favor of the U.S. stepped up.Reuters
Wed, Mar 12
EUR/JPY climbs above 161.50 amid a slight uptick in global risk sentiment
EUR/JPY continues its upward momentum for the second consecutive day, trading around 161.60 during Wednesday’s Asian session. The pair strengthens as the Japanese Yen (JPY) weakens amid concerns that US President Donald Trump may introduce new tariffs on Japan.
Fxstreet
Wed, Mar 12
Goldman Sachs lowers S&P 500 year-end target to 6,200
March 12 (Reuters) - Goldman Sachs has trimmed its 2025-end target for the S&P 500 Index .SPX to 6,200 from 6,500, citing increased policy uncertainty, particularly on tariffs, and worries about the economic growth outlook.The target is 10.6% higher than the index's last close of 5,572.07.Reuters
Wed, Mar 12
Gold price consolidates near weekly high; looks to US CPI for fresh impetus
Gold price (XAU/USD) trades near the weekly high during the Asian session on Wednesday and looks to build on the previous day's goodish rebound from the $2,880 region, or a one-week low. Investors remain worried about the potential economic fallout from US President Donald Trump's trade tariffs...
Fxstreet
Wed, Mar 12
Japan's wholesale inflation hits 4%, keeps BOJ rate-hike bets alive
February wholesale inflation matches forecast, slows from JanuarySpike in food costs somewhat offsets fuel subsidy impactYen-based import prices fall 0.7% yr/yr in FebruaryData underscores sustained inflationary pressureBy Leika Kihara TOKYO, March 12 (Reuters) - Japan's annual wholesale infl...Reuters
Wed, Mar 12
