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CoinTelegraph

Crypto tax proposals weighed ahead of Tuesday House hearing

The U.S. House of Representatives is set to hold a hearing on Tuesday to discuss proposed tax regulations for digital assets, with a focus on 'de minimis' reporting thresholds for cryptocurrency transactions. Lawmakers a...

FXStreet

Thailand: Cost-push pressures but no overheating – UOB

UOB economists reported that Thailand's May Consumer Price Index (CPI) showed a slight easing but remained near the upper end of the Bank of Thailand's (BoT) target range. Core inflation, which excludes volatile food and...

CoinTelegraph

ETH falls to 13-month low on Zcash bug news and Bitcoin drop to sub-$60K: Is $1.4K next?

Ethereum (ETH) prices plummeted below $1,600, reaching a 13-month low, amid reports of a critical vulnerability in Zcash (ZEC) and a broader decline in Bitcoin (BTC) below $60,000 for the first time in months. The Zcash...

Investing.com

House panel proposes new tax rules for digital assets

The U.S. House Ways and Means Committee has proposed new tax regulations targeting digital assets, including cryptocurrencies and NFTs. The draft rules aim to enhance transparency by requiring detailed reporting of trans...

Investing.com

Companies to add 40 million barrels of oil to US SPR after Iran war ends, energy secretary says

The U.S. Energy Secretary announced plans to add 40 million barrels of crude oil to the Strategic Petroleum Reserve (SPR) following the conclusion of hostilities with Iran. This move aims to bolster energy security and s...

ActionForex

Summary 6/8 – 6/12

The weekly summary from ActionForex outlines key economic calendar events for June 8-12, 2026. The calendar highlights major central bank meetings, non-farm payrolls, and inflation data releases across major economies. T...

Reuters

Global oil inventories depleted, next price spike could roil economies, markets - Reuters

Global oil inventories have reached critically low levels, raising concerns about potential price spikes that could destabilize economies and financial markets. According to Reuters, the depletion of strategic reserves i...

FXStreet

Singapore Dollar: Firm NEER with mild upside against US Dollar – OCBC

OCBC FX strategist Sim Moh Siong forecasts the Singapore Dollar's Nominal Effective Exchange Rate (NEER) will trade 1.5-2% above midpoint due to de-dollarisation trends and safe-haven capital flows. While reduced carry t...

Investing.com

Northwest European gasoline margins rise on inventory decline

Northwest European gasoline refining margins have surged due to a significant decline in regional inventories, driven by seasonal demand and unplanned refinery outages. Industry data shows margins rose to $12.50 per barr...

Forexlive

investingLive Americas FX news wrap 5 Jun:A strong US jobs report sends bonds/stocks lower

The US May non-farm payrolls report showed a stronger-than-expected 172,000 jobs added, significantly exceeding the 85,000 estimate. This robust labor market data, combined with a balanced job market as noted by Fed offi...

Finance Magnates

Weekly Summary: Can AI Challenge Bloomberg Terminal?; China Cuts Off Offshore Brokers

AI tools are increasingly mimicking Bloomberg Terminal's data and interface, but experts argue they cannot replace its core social and communication features, such as IB Chat, which remain critical for market professiona...

FXStreet

Philippine Peso: BSP tightening path supports PHP – UOB

UOB economists highlight that Philippine inflation unexpectedly declined to 5.6% in May 2024, still above the Bangko Sentral ng Pilipinas (BSP) target range of 2-4%. While this easing suggests some cooling in price press...

Investing.com

Texas ranchers on edge after screwworm parasite detected in calf

A screwworm parasite has been detected in a calf in Texas, raising concerns among ranchers about potential outbreaks that could threaten cattle health and productivity. Screwworms are parasitic larvae that feed on living...

FXStreet

Forecasting the upcoming week: US Dollar ends week higher after strong NFP

The US Dollar (USD) surged to near 100.10 on Friday, recovering from a daily low of 99.16, following the release of the US Nonfarm Payrolls (NFP) report. The report revealed that the US economy added 172,000 jobs in May,...

Investing.com

US energy firms add oil and gas rigs for seventh straight week

US energy companies added 10 new oil and gas rigs in the latest week, bringing the total to 630 rigs—the highest level since November 2022. This marks the seventh consecutive week of increases, driven by higher oil price...

FXStreet

Philippines: BSP seen staying hawkish on inflation – Standard Chartered

Standard Chartered economists Jonathan Koh and Edward Lee have revised their forecast for the Bangko Sentral ng Pilipinas (BSP) policy rate path, reducing expectations of a 50 basis points (bps) off-cycle interest rate h...

FXStreet

Silver Price Forecast: XAG crashes toward 200-day SMA, eyes $61.00

Silver prices (XAG/USD) plummeted nearly 8% on Friday, testing the 200-day Simple Moving Average (SMA) near $67.79, with the weekly decline approaching 10%. This sharp drop followed a stronger-than-expected US Nonfarm Pa...

FXStreet

New Zealand Dollar plunges to two-month lows after upbeat US NFP report

The New Zealand Dollar (NZD) fell to two-month lows against the US Dollar (NZD/USD) on Friday, driven by a stronger-than-expected US Nonfarm Payrolls (NFP) report. The NFP data showed 254,000 jobs added in July, surpassi...

Investing.com

Russia’s Rosatom says Ukrainian drone hit engineers demining areas around Zaporizhzhia nuclear plant

Russian state nuclear energy corporation Rosatom reported that Ukrainian drones attacked engineers demining areas near the Zaporizhzhia nuclear plant in southern Ukraine. The incident occurred as part of ongoing tensions...

FXStreet

Indonesia: Policy focus on stability as BI mandate widens – DBS

DBS Group Research economist Radhika Rao notes that Indonesia's onshore markets are facing significant pressure, with the rupiah hitting record lows and equities near six-year troughs. The central bank's (BI) mandate has...