News
Important Only
Pound Sterling holds onto gains against US Dollar as Trump tariff fears ease
The Pound Sterling (GBP) clings to gains near 1.2900 against the US Dollar (USD) in European trading hours on Thursday. The GBP/USD pair exhibits strength as the risk premium of the US Dollar has diminished significantly, with investors expecting the United States (US) President Donald Trump’s...
Fxstreet
Thu, Mar 6
XRP, ADA, SOL Surge Post-Trump News and FXG Outpaces Expectations
Last Sunday, Trump announced that the US government would create a strategic crypto reserve with 5 currencies. In particular, he mentioned that BTC and ETH would “obviously” be at the “heart of the Reserve.” The President also added that he loves Ethereum and Bitcoin. However, apart from ETH and...
Gold consolidates further with another new all-time high on the cards
Gold’s price (XAU/USD) is consolidating for a second day in a row around $2,900 on Thursday while keeping an eye on the all-time high at $2,956. Although there might be some easing for Canada and Mexico with a delay on car import tariffs into the United States (US), the reciprocal tariffs are still
Fxstreet
Thu, Mar 6
TSMC CEO says it is expanding US investment to meet customer demand
TAIPEI, March 6 (Reuters) - Taiwanese chipmaker TSMC 2330.TW is expanding investment in the United States because of large U.S. customer demand, its CEO said on Thursday, adding that its production lines there are already fully booked for this year and the next two years.The comments were made at...
Reuters
Thu, Mar 6
Chinese officials say more stimulus possible if growth slowed
BEIJING, March 6 (Reuters) - Chinese officials on Thursday flagged more monetary policy easing "at an appropriate time" and left the door open to more stimulus measures on top of those announced at this week's annual parliament meeting if economic growth veered off track.Reuters
Thu, Mar 6
PRECIOUS-Gold falls as dollar recovers slightly; US payrolls data eyed
Trump administration gives Canada, Mexico one-month auto tariff reprieveGold up more than 10% so far this yearNon-farm payrolls report on Friday By Anjana Anil and Anushree Mukherjee March 6 (Reuters) - Gold fell on Thursday, hurt by a slight recovery in the U.S. dollar and higher Treasury yi...Reuters
Thu, Mar 6
Charles Hoskinson did not lobby for Cardano with Trump, not invited to White House summit
Cardano’s Charles Hoskinson is not attending the White House Crypto Summit this Friday, and neither is anyone representing Cardano invited, nor have they ever met with anyone from the Trump administration.Cryptopolitan
Thu, Mar 6
US will struggle to replace copper, aluminium at home if tariffs take effect, says ANZ
March 6 (Reuters) - The U.S. will find it hard to replace imported aluminium and copper in the event of tariffs as the world's biggest economy is heavily reliant on offshore supplies, ANZ said on Thursday.Reuters
Thu, Mar 6
Mexican fuel oil heads to Asia, Europe in March on Trump tariffs
Mexican fuel oil cargoes are heading to Asia and Europe this month as higher prices draw supply, while traders eye more diversions after U.S. President Donald Trump imposed tariffs on imports this week, trade sources and analysts said.Reuters
Thu, Mar 6
Crude oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $66.41 per barrel, up from Wednesday’s close at $66.22. Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $69.33 price posted on Wednesday, and trading at $69.50.Fxstreet
Thu, Mar 6
European shares jump on hopes of easing tariff worries; ECB rate decision awaited
March 6 (Reuters) - European shares extended their gains on Thursday on hopes of easing trade tensions after U.S. President Donald Trump exempted automakers from his 25% tariffs on Canada and Mexico for one month.The pan-European STOXX 600 .STOXX was up 0.3% as of 0814 GMT. The benchmark index...
Reuters
Thu, Mar 6
German bond yields rise as selloff intensifies ahead of ECB
March 6 (Reuters) - The worst selloff in euro zone government bonds in over 25 years entered a second day on Thursday, as investors braced for a sharp increase in debt supply due as Germany prepared to dramatically incraese its fiscal spending.Reuters
Thu, Mar 6
GBP/JPY declines to near 191.50 amid hawkish outlook for BoJ’s policy
GBP/JPY holds losses after registering gains in the previous four successive days, trading around 191.60 during the early European hours on Thursday. The decline comes as the Japanese Yen (JPY) strengthens in response to a hawkish outlook from the Bank of Japan (BoJ) on its monetary policy.
Fxstreet
Thu, Mar 6
EUR/GBP jumps above 0.8350, all eyes will be on ECB rate decision
The EUR/GBP cross trades in positive territory for the fourth consecutive day around 0.8380 during the early European session on Thursday. The easing fear of trade tariff plans from US President Donald Trump provides some support to the Euro (EUR). The European Central Bank (ECB) interest rate...
Fxstreet
Thu, Mar 6
