News
Important Only
Technical Analysis
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC steadies after strong weekly rally; ETH & XRP find key support levels
Bitcoin (BTC) price is stabilizing at around $104,000 on Monday after rallying by 10.44% last week. Ethereum (ETH) and Ripple (XRP) followed BTC’s lead and soared 39% and nearly 10% in the previous week.
Economic Indicator
USD/INR strengthens on rising India-Pakistan tensions
The Indian Rupee (INR) weakens on Monday, pressured by increasing tensions on the border between the nuclear-armed rivals India and Pakistan. The renewed US Dollar (USD) demand following the optimism between US-China trade talks and a jump in crude oil prices could drag the Indian currency lower.Fxstreet
Mon, May 12
Other
Japan's Ishiba open to more stimulus but rules out sales tax cut
By Leika KiharaTOKYO, May 12 (Reuters) - Japanese Prime Minister Shigeru Ishiba said on Monday the government was ready to take further steps to cushion the economic blow from higher U.S. tariffs, but signalled caution on cutting the country's consumption tax rate.Opposition and some ruling part...Reuters
Mon, May 12
Other
South Korea's presidential campaigns kick off, focus on ailing economy
South Korea's presidential election campaigns beginContenders vow to revive struggling economyPolitical unity also priority in nation divided by marital law attemptBy Ju-min Park SEOUL, May 12 (Reuters) - Contenders for South Korea's presidency kicked off their campaigns on Monday, vowing...Reuters
Mon, May 12
Cryptocurrencies
Ethereum Price Defies Gravity: The Unstoppable Rise of ETH Continues
Ethereum price started a fresh surge above the $2,350 zone. ETH is now up over 35% and consolidating gains near the $2,500 zone. Ethereum started a fresh surge above the $2,350 resistance. The price is trading above $2,400 and the 100-hourly Simple Moving Average. There is a connecting bullish trend...NewsBTC
Mon, May 12
Stocks
Citi flags potential cash flow pressure for Australia's Transurban; stock down
** Transurban Group TCL.AX falls 0.8% to A$14.25** Toll operator announces plans to lay off ~300 positions** Citi sees the job cuts as continuation of co's cost control initiatives outlined in H1 FY25** Says job cuts should benefit free cash flow growth, dividend in FY26** Adds, "However, we...Reuters
Mon, May 12
Other
Canadian miner Pan American Silver to acquire MAG Silver at valuation of about $2.1 billion
May 11 (Reuters) - Canadian miner Pan American Silver PAAS.TO will acquire MAG Silver Corp MAG.TO in a transaction which values the silver mining company at about $2.1 billion, the companies said on Sunday.The deal will give Pan American Silver access to a 44% interest that MAG has in the tier-one J...Reuters
Mon, May 12
Stocks
GLOBAL MARKETS-Stocks, dollar up on US-China trade hope, details lacking
Asian stock markets : https://tmsnrt.rs/2zpUAr4China cites 'constructive' trade talks with USS&P 500 futures jump, China stocks edge higherDollar modestly firmer vs safe haven currenciesGold eases back, oil prices bounce By Wayne Cole SYDNEY, May 12 (Reuters) - Wall Street stock futur...Reuters
Mon, May 12
Other
Golf-New Zealander Fox makes his mark stateside on Mother's Day at Myrtle Beach
May 11 (Reuters) - New Zealander Ryan Fox sealed his first U.S. PGA Tour title in spectacular fashion on Sunday with a 50-foot chip-in from the fringe of the green to win the Myrtle Beach Classic and give his wife the perfect Mother's Day gift. Fox celebrated with his wife, Anneke Ryff, and two ...Reuters
Mon, May 12
Stocks
Japan's Nikkei rises on US-China trade deal hopes
TOKYO, May 12 (Reuters) - Japan's Nikkei share average rose on Monday as indications of progress in U.S.-China trade talks boosted hopes of a deal between the major economies.As of 0202 GMT, the Nikkei .N225 was up 0.2% at 37,573.27. The broader Topix .TOPX edged 0.02% higher at 2,734.09."I...Reuters
Mon, May 12
Economic Indicator
USD/CAD steadies near 1.3950 as US Dollar receives support from trade optimism
USD/CAD is attempting to hold its position for the fourth consecutive session, hovering around 1.3940 during Monday’s Asian trading hours. The pair remains supported as the US Dollar (USD) gains strength following reported progress in US-China trade talks over the weekend in Switzerland.
Fxstreet
Mon, May 12
Commodities
WTI sits near two-week high, just below $61.00 as traders await US-China trade deal details
West Texas Intermediate (WTI) US Crude Oil prices rise to a nearly two-week high during the Asian session on Monday, though bulls struggle to find acceptance or build on the momentum beyond the $61.00 mark.
Fxstreet
Mon, May 12
Economic Indicator
Australian Dollar appreciates due to growing optimism after two-day US-China discussion
The Australian Dollar (AUD) is building on its recent momentum, rising against the US Dollar (USD) for a second straight session on Monday. The AUD/USD pair is benefiting from growing optimism around the US-China trade talks held in Geneva.
Fxstreet
Mon, May 12
Other
Rubio speaks with UK's Lammy, Germany's Merz on India-Pakistan tensions, Russia
May 11 (Reuters) - U.S. Secretary of State Marco Rubio spoke with British Foreign Secretary David Lammy and German Chancellor Friedrich Merz in separate calls late on Sunday and reaffirmed the U.S stance on the war in Ukraine. UK's Lammy and Rubio also discussed the ongoing tensions between Indi...Reuters
Mon, May 12
Commodities
GRAINS-Soybean futures climb on US-China trade optimism; wheat and corn fall
BEIJING, May 12 (Reuters) - Chicago soybean futures rose for a third session on Monday, supported by positive developments in U.S.-China trade negotiations over the weekend in Switzerland.Talks concluded on Sunday with U.S. officials touting a "deal" to reduce the U.S. trade deficit, while C...Reuters
Mon, May 12
Other
REFILE-First white South Africans board plane for US under Trump refugee plan
May 11 (Reuters) - The first white South Africans granted refugee status under a programme initiated by U.S. President Donald Trump boarded a plane to leave from the country's main international airport in Johannesburg on Sunday.A queue of white citizens with airport trolleys full of luggage, mu...Reuters
Mon, May 12
Cryptocurrencies
Bitcoin Price Breakout Brewing: Is a Massive Rally Just Getting Started?
Bitcoin price started a fresh surge above the $102,000 zone. BTC is rising and might aim for a move toward the $107,500 resistance. Bitcoin started a strong increase above the $100,500 resistance zone. The price is trading above $102,500 and the 100 hourly Simple moving average. There is a new conne...NewsBTC
Mon, May 12
Other
Botanix Pharmaceuticals Responds To US Pharmaceutical Pricing Announcement
May 12 (Reuters) - Botanix Pharmaceuticals Ltd BOT.AX:RESPONDS TO US PHARMACEUTICAL PRICING ANNOUNCEMENTDOES NOT CONSIDER LIKELY THAT IT WILL BE SUBJECT TO PRICE REDUCTIONS BASED ON SALES OF SOFDRA OUTSIDE USAReuters
Mon, May 12
