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FXStreet

British Pound Sterling climbs on a problem it has worse

The British Pound Sterling continues to trade firmly, holding above the 1.3600 level against the US Dollar during the North American session. This follows a strong rally that pushed the currency to a five-month high just...

Finance Magnates

Dodgers Add Kalshi as Sponsor, Putting Casino Partner in an Awkward Spot

The Los Angeles Dodgers Major League Baseball franchise has entered into a sponsorship agreement with prediction market operator Kalshi. Kalshi's branding has been featured on digital outfield boards and behind home plat...

FXStreet

Asia FX: Mixed central bank paths shape THB, KRW, PHP – BBH

Elias Haddad from Brown Brothers Harriman (BBH) highlights how diverging monetary policy paths among Asian central banks are creating distinct trajectories for regional currencies. The Bank of Thailand is expected to mai...

InvestingLive

Crude oil futures settled at $85.01

WTI crude oil futures settled lower at $85.01 per barrel, dropping $2.05 or 2.35% on the day after trading between a high of $86.57 and a low of $84.36. The pullback was driven by profit-taking following recent gains and...

InvestingLive

USDJPY tests the 200-hour MA as buyers probe higher

The USD/JPY currency pair is confronting a vital technical ceiling after making a strong recovery from last week's lows near 157.96. Having successfully climbed above the 100-hour moving average at 158.91, the pair is ac...

Argaam

‎Qiddiya signs €6B deal to develop 3 entertainment cities in France

Saudi Arabia’s Qiddiya Investment Company has signed a landmark agreement worth approximately €6 billion (26 billion Saudi riyals) to develop three entertainment cities in France. The deal was formalized on the sidelines...

InvestingLive

Bitcoin continues the run higher and looks toward swing area and retracement target

Bitcoin experienced a strong upward surge, rising over 3% to reach an intraday high near $79,989, approaching the psychologically significant $80,000 barrier. The digital asset has rallied more than 36% since its late Ju...

FXStreet

Treasury Bessent: US is launching an "economic onslaught" against Iran's financial connection

United States Treasury Secretary Scott Bessent announced on Monday that the US is launching a broad economic campaign aimed at severing Iran's financial networks globally. The strategy involves tighter enforcement of exi...

FXStreet

Australian Dollar Price Forecast: Tough hurdle emerges at 0.7200

The Australian Dollar has extended its multi-week recovery against the US Dollar, approaching a critical psychological and technical resistance level near 0.7200. This upward momentum comes as broader market risk sentime...

InvestingLive

AUDUSD corrects lower but keeps its bullish bias. What next technically?

The AUD/USD pair experienced a corrective pullback after establishing a solid baseline near its 100-day moving average and the 50% retracement level around 0.7070 last week. A strong rally pushed the exchange rate to a h...

FXStreet

The Dollar Index takes its orders from the Treasury

The US Dollar Index is currently exhibiting unusual weakness despite supportive monetary policy signals. Typically, a currency backed by a central bank that has paused rate cuts, priced out immediate easing, and even ope...

ActionForex

Dollar Gets a Breather as CAD Absorbs Tariff Shock and AUD Awaits RBA Minutes

The US Dollar has taken a brief breather following its recent monthly decline of approximately 2.6%, shifting into a period of market consolidation. The modest rebound is partially supported by updated US Treasury fundin...

Argaam

‎Al Yamamah Steel subsidiary signs SAR 500M financing deal with ANB

Al Yamamah Company for Reinforcing Steel Bars, a subsidiary of Al Yamamah Steel Industries Co., has signed a Shariah-compliant credit facility agreement valued at SAR 500 million with Arab National Bank (ANB). The financ...

FXStreet

Bank of Canada: Rates seen on hold then higher – TD Securities

Analysts at TD Securities project that the Bank of Canada (BoC) will maintain its Overnight Rate at 2.25% through 2026. This assessment comes despite headline Consumer Price Index (CPI) readings hovering near the upper e...

Argaam

‎National Building subsidiary signs SAR 75M deal with FAB

National Building and Marketing Co. announced that its subsidiary, Ajeej Steel Manufacturing Co., has signed a Shariah-compliant financing agreement worth SAR 75 million with First Abu Dhabi Bank (FAB). The credit facili...

InvestingLive

USDCAD moves higher into 200 day MA resistance. Key barometer for buyers and sellers

The USDCAD currency pair experienced a sharp rebound, driven by the breakdown of bilateral trade negotiations between the United States and Canada. U.S. trade officials noted that despite significant concessions, discuss...

Argaam

‎Tadawul to halt trading on Armah on TASI transition

The Saudi Exchange (Tadawul) has announced a temporary trading halt on Armah Sports Co.'s shares for up to five sessions starting August 25. This suspension is required to complete the necessary regulatory and operationa...

ActionForex

AUD/USD Daily Report

The intraday bias for the AUD/USD currency pair remains tilted to the upside according to the latest technical outlook. A decisive breakout above the 161.8% Fibonacci projection target at 0.7183 is expected to accelerate...

FXStreet

WTI Oil retreats toward $85 ahead of US economic offensive against Iran

West Texas Intermediate (WTI) crude oil prices declined by 1.55% on Monday, trading near the $85.00 mark. The pullback comes as market participants engage in profit-taking following recent gains, alongside growing antici...

FXStreet

US Dollar: Debasement narrative caps upside – OCBC

Analysts Sim Moh Siong and Christopher Wong from OCBC have highlighted that the US Treasury's expanded long-end buyback program has reignited market concerns regarding US Dollar debasement. This program, designed to mana...