Author: FX
The Bank of England (BOE) cut its key interest rate by 25 basis points to 4.25%, but surprised markets with a deeply divided 5-4 vote that sent the pound climbing higher across the board. In a significant shift, two members of the Monetary Policy Committee voted for a larger half-point reduction, while two others preferred to keep rates steady at 4.5%. This three-way split revealed much stronger disagreement within the committee than analysts had expected. Key Takeaways: BOE lowered its Bank Rate by 25 basis points to 4.25% from 4.5% as widely expected Monetary Policy Committee (MPC) delivered an unexpected…
Standard Chartered is reconsidering its US$120,000 BTC forecast for Q2 2025: “I apologise that my USD120k Q2 target may be too low,” Stan Chart see the crypto heading higher, citing:strategic asset reallocation away from US assetsaccumulation by whalesdominant story for Bitcoin has changed … it was correlation to risk assets … It then became a way to position for strategic asset reallocation out of US assets. It is now all about flows. And flows are coming in many forms.Stan Chart note flows:US$5.3bn inflows to U.S. spot bitcoin ETFs over the last three weeksStrategy increasing bitcoin purchasesAbu Dhabi sovereign wealth fund…
Caribou Biosciences files $300M mixed securities shelf Source link
The Australian Dollar faced headwinds amid slower progress on US-China trade talks.US Dollar strength pushed the Aussie lower, despite positive global sentiment.Economic uncertainty continues, with key inflation and job data releases ahead.Market focus remains on the US Federal Reserve’s next moves and global trade resolutions.The Australian Dollar (AUD) faced some pressure in the market after disappointing progress on US-China trade negotiations. Although the global risk environment remains positive, tariffs and trade policy concerns impact the Aussie’s movement. Investors are now awaiting key US data for further direction.Daily digest market movers: No progress on US and Chinese talksThe Australian Dollar struggles…
Full text of Pope Leo XIV's first speech: 'Peace be with you' Source link
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
U.S. President Donald Trump made a series of remarks on Thursday, touting what he called a major breakthrough in trade ties with the United Kingdom. He also signalled that tariffs on China could be lowered ahead of high-stakes US-China trade talks this weekend, while renewing his criticism of Federal Reserve Chair Jerome Powell.Key TakeawaysJust concluded rare earth deal with Ukraine.Speaking with Zelenskiy soon.Reached breakthrough deal with UK.UK agreement increases access for beef, ethanol.UK will reduce non-tariff barriers.UK will fast track US goods through customs.Won’t be any red tape.Things will move quick both ways.Will receive new market access for US chemicals,…
BlackJack3D/E+ via Getty ImagesTwist Bioscience (NASDAQ:TWST) and Ginkgo Bioworks (NYSE:DNA) said on Thursday that they have updated a previous agreement signed in 2022. Under the new three-year $15M deal, Ginkgo will remain a customer of Twist, making annual prepayments for Twist’s DNA products. Source link
Mexico's inflation meets expectations in April ahead of rate decision Source link
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…