Forex

USD/CNY forecast: rare pattern points to renminbi crash to 8

The renminbi is in a steep downtrend as traders remain concerned about the state of the Chinese economy as the trade war escalates. The USD/CNY exchange rate rose to a high of 7.3495, its highest level since 2008. It has jumped by over 16% from its l...

NZD/USD forecast: buy or sell ahead of the RBNZ decision?

The NZD/USD exchange rate remains on edge as investors priced in more interest rate cuts by the Reserve Bank of New Zealand (RBNZ). It crashed to a low of 0.5510, its lowest level since October 2022, mirroring the performance of the Australian dollar...

The yuan’s descent: risks amid trade tensions and how far will China let it fall?

China loosened its grip on the yuan by setting the daily reference rate past the closely watched 7.20 per dollar mark, as the escalating trade war with the United States forces Beijing into difficult policy decisions. The yuan, which is tightly contr...

Philippines pushes for US free trade agreement after 17% tariff on exports

The Philippines is prioritising a free trade agreement (FTA) with the United States after Washington imposed a 17% tariff on Philippine goods. The tariff, part of a new reciprocal duties framework announced by President Donald Trump on April 2, direc...

Seeking safe havens amid Trump tariff market mayhem? Here’s what analysts suggest

Investors are moving rapidly into traditional safe haven assets after US President Donald Trump announced sweeping reciprocal tariffs last week, intensifying fears of a global economic downturn. Among the preferred refuges are the Japanese yen, Swiss...

Fed on hold: Powell signals no rate cuts amid trade policy uncertainty

Federal Reserve Chair Jerome Powell, known for decisive action in times of crisis, is signaling a different approach as the US economy navigates the turbulent waters of President Donald Trump’s trade policies. From pledging unwavering support d...

Eurozone growth at risk: Donald Trump tariffs could shave off 1%, warns ECB official

President Donald Trump’s aggressive tariff measures could significantly impede economic growth in the Eurozone, potentially shaving off between 0.5 and 1 percentage points, according to Yannis Stournaras, the governor of the Greek central bank....

USD/JPY forecast: Japanese yen, a safe haven currency, surges

The USD/JPY exchange rate crashed to a low of 144.53 on Monday as investors moved to the safety of the Japanese yen. It dropped to 144.53, its lowest level since October 2, and 8% below the highest point in January.  Japanese yen as a safe haven...

Did tariffs kill the TikTok deal? Donald Trump blames Beijing

Donald Trump asserts that a potential deal with China regarding the sale of TikTok faltered after he unveiled his new tariff policies. Trump made these claims while speaking to reporters aboard Air Force One on Sunday, as he returned to Washington af...

Can the Fed tame Trump’s tariff tempest with a rate cut gamble?

The United States stands at a crossroads as President Donald Trump’s sweeping tariff plan, unveiled this week, sends shockwaves through financial markets and reignites recession fears. With the stock market reeling from significant losses and global...

PepeX poised for 250% presale surge while PEPE falls 75% in market shift

Meme coins continue to dominate attention in crypto, and a new entrant, PepeX, is gaining ground quickly. Now in Stage 5 of its presale, PepeX has raised over $1,249,000, and the token price will increase from $0.0243 to $0.0255 in two days. This ris...

AUD/USD forecast: what next for the Australian dollar after the crash?

The Australian dollar crashed to a five-year low on Friday, making it the worst-performing developed world currency. The AUD/USD pair nosedived to a low of 0.5988, down by almost 14% from its highest point in 2024. This article explores why the Aussi...

XRP price unmoved as Ripple settles SEC case for $50 million

The prolonged legal dispute between Ripple Labs and the US Securities and Exchange Commission (SEC) has formally ended in a settlement, bringing an almost four-year court battle to a close. Ripple will pay a reduced civil penalty of $50 million, a 60...

Here’s why the Zimbabwe ZiG currency faces a grim future

The Zimbabwean ZiG currency has lost momentum this year, even as the price of gold has surged to a record high, boosting its assets. The official USD/ZWG exchange rate stands at 26.77, much higher than the listing price of 13. This means that it has...

US dollar index (DXY) plunges as Trump’s tariffs shake market confidence: could it drop to 100?

The US dollar index (DXY) tumbled more than 2% on Thursday to 101.41, its sharpest single-day decline in more than two years. The drop sent the greenback to a six-month low, as traders reeled from President Donald Trump’s sweeping new tariff plan whe...

USD/ZAR forecast: here’s why South African rand just slumped

The South African rand continued its downward trend against the US dollar after Donald Trump’s Liberation Day speech on Wednesday. The USD/ZAR exchange rate rose to a high of 18.97 on Thursday, its highest level since February 3. It has jumped by ove...

USD/JPY prediction as the US and Japan trade war escalates

The USD/JPY exchange rate wavered on Thursday morning as the market reacted to Donald Trump’s Liberation Day speech. It retreated to a low of 147.46, its lowest level since September 30th last year, down by almost 9% from its highest level in 2024. D...

Long BTC: bullish breakout near as bitcoin tests key resistance with strengthening momentum and whale accumulation

Sony Store Singapore adds USDC payments for online purchases

Sony Electronics Singapore has enabled direct USDC payments via Crypto.com Pay at its online store, marking the first time a major consumer electronics brand in the country has integrated cryptocurrency payments. The rollout began this week and allow...

Bybit shuts NFT, IDO services weeks after $1.46B hack

Crypto exchange Bybit is shutting down its NFT and inscription marketplaces just weeks after losing nearly $1.5 billion in what is believed to be one of the largest crypto heists to date. The company, which announced the closure on April 1, has also...