GBP/USD Rebounds as Risk Appetite Recovers A Resurgence in Global FX Markets GBP/USD recovered ground on Tuesday, snapping a three-day losing streak and recovering back into touch range of the 1.2450 level, rising around two-thirds of one percent on the day. Global FX markets sold off the US Dollar slightly as risk appetite softly recovers…
Franklin Templeton Registers Solana Trust in Delaware, Eyes Spot ETF Introduction Franklin Templeton has made a significant move in the cryptocurrency space by filing to register a Solana spot ETF trust in Delaware. This decision puts them in line with other major players like Grayscale and Canary Capital who are also seeking SEC approval for…
Is Bullion Losing its Shine? Renewed Speculation and Price Action With renewed speculation about a potential peace deal in Ukraine, the price action in US Treasuries heading into the key January consumer price inflation report, and signs of exuberant retail participation in Chinese gold markets, the bullish backdrop for bullion took a hit on Tuesday….
U.S. Chip Toolmaker Lam Research to Invest $1.2 Billion in India’s Semiconductor Industry The Future of India’s Semiconductor Ecosystem Exciting news for India’s semiconductor industry as U.S.-based chip toolmaker Lam Research has announced a significant investment of over 100 billion rupees ($1.2 billion) in Karnataka state. This move is a major boost to the nation’s…
India’s Bharat Petroleum Corp to Sign Contract with Brazil’s Petrobras for Crude Imports Expanding Global Partnerships in the Energy Sector India’s Bharat Petroleum Corp has announced its plans to sign a contract with Brazil’s Petrobras for optional crude imports of 6 million barrels in 2025-26. This partnership signifies a significant step towards strengthening energy ties…
Welcome to the Forex Playground! Get ready to dive into the exciting world of currency trading! So, you may have heard that the AUD/JPY recently bounced off its five-month lows of 94.30 and surged past the 95.00 mark. As of now, it’s trading at 95.82, with a slight decrease of 0.06 during the Asian session…
Exciting Times Ahead for Chinese Tech: Alibaba and Apple Join Forces for AI Features What’s the Buzz About? Rumors have been swirling in the tech world about Alibaba teaming up with Apple to bring cutting-edge AI features to Apple devices. This collaboration has sparked a renewed interest in Chinese tech companies, following the success of…
China’s Baidu is set to launch the next generation of its artificial intelligence model in the latter part of the year, as reported by a source with knowledge of the situation. This development highlights the ongoing race among Chinese companies to create cutting-edge AI models that can rival those from U.S.-based companies like OpenAI. Artificial…
