Asian markets opened the week on a cautious note, as stronger-than-expected US payroll data dampened hopes for early Federal Reserve rate cuts. The robust labour market report pushed bond yields higher, raising concerns over equity valuations and adding pressure to regional indices. Hong Kong, China markets take a hit Hong…
Singapore’s gambling regulator has blocked access to Polymarket, a controversial crypto predictions platform, marking another hurdle for the platform amid increasing regulatory scrutiny. The Gambling Regulatory Authority (GRA) of Singapore has flagged Polymarket as an “illegal gambling site” operated by an unlicensed provider. Users in Singapore now face a warning…
The Indian Rupee (INR) plunged to an all-time low of 86.2050 against the US dollar on Monday, breaching the 86 mark for the first time in its history. The depreciation comes after robust US jobs data reignited expectations that the Federal Reserve would limit rate cuts in 2025, putting additional…
Los Angeles is grappling with one of its worst wildfire crises, as four devastating blazes continue to burn across the county, leaving 24 dead and over 150,000 displaced. While efforts to contain the fires have ramped up, the state’s preparedness and infrastructure are facing intense scrutiny. Critics, including US President-elect…
The S&P 500 index has pulled back in the past few weeks as investors focus on the bond market and its rising risks. The SPX fell to $5,827, its lowest level since November 2, and 4.50% from its highest level in 2024. So, what next for the SPY, VOO, and…
The ARK Innovation ETF (ARKK) stock continued its underperformance in 2024, returning just 8%. In contrast, the Nasdaq 100 and the S&P 500 indices returned 25% and 24%, respectively. The ARKK ETF remains 65% below its highest level in 2021. So, is there a good reason to invest in the…
The USD/TRY exchange rate continued its uptrend and reached its all-time high amid a potential divergence between the Federal Reserve and the Central Bank of the Republic of Turkey (CBRT). The Turkish lira has crashed by over 18% in the last twelve months, making it one of the top laggards…
The GBP/USD exchange rate is in its third consecutive week of losses as the US dollar strength gains steam. It has crashed to 1.2145, its lowest level since October 2023, and about 10% below its highest swing in 2024. So, what next for the GBP to USD exchange rate ahead…
The AUD/USD exchange rate continued its strong sell-off on Monday. It dropped to a low of 0.6140, its lowest point since April 2020. It has fallen by 11.68% from its highest level in 2024 and 24% from its 2021 highs. So, what next for the AUD to USD pair ahead…
Tron price continued its strong downtrend this year, reaching a low of $0.2270, its lowest level since December 13. TRX has dropped by almost 50% from its highest level in 2024, bringing its market cap to over $19 billion. So, is it safe to buy the TRX token dip helped…