Elon Musk’s Department of Government Efficiency (DOGE) is taking a scalpel to federal spending, with the potential fallout likely to be brutal for companies reliant on government contracts. “The implications are vast.
The pound sterling dropped 0.29% against the US dollar on Friday, set to end the week unchanged after major central banks featured dovish monetary policy decisions led by the Federal Reserve and
The Pound Sterling advanced 0.31% as the greenback weakened on Monday, testing last week’s high of 1.2987. Investors eye crucial monetary policy decisions by the US Federal Reserve and the Bank of
West Texas Intermediate (WTI) futures on NYMEX posted a fresh weekly high near $68.00 on Monday, with the benchmark crude oil price strengthening on hopes that China’s fresh monetary stimulus plan will
The USDCAD pair trades with caution around 1.4360 in Thursday’s European session. The ‘Loonie’ pair faces mild pressure even though the US Dollar has had temporary relief after refreshing the four-month low,
The collision in the North Sea between the MV Solong, a Portuguese-flagged cargo ship, and the MV Stena Immaculate, a tanker transporting jet fuel for the U.S. military, could activate multiple insurance
West Texas Intermediate (WTI) gained ground for the second successive day, trading $66.40 during the European session on Wednesday. However, crude oil prices faced downward pressure amid rising demand concerns over a
Bitcoin’s drop on Monday, after President Trump signed an executive order to establish a strategic bitcoin reserve for the US, has been widely misinterpreted according to the CEO of financial advisory giant
The EURUSD currency pair posted a fresh four-month high to near 1.0920 on Tuesday as the Dollar underperforms its peers amid escalating fears of an economic slowdown in the US. The DXY Dollar
The EURJPY currency pair fell sharply to near 159.00 in European trading hours on Monday, facing sharp selling pressure as the Japanese Yen outperforms across the board amid dismal market sentiment. Deepening
