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The Australian Dollar (AUD) maintained its gains against the US Dollar (USD) on Thursday following the release of domestic employment data and China's interest rate decision. However, the AUD/USD pair faced some resistance due to heightened risk aversion, sparked by concerns over US President Donald Trump's latest tariff threats and a cautious tone in the Federal Open Market Committee (FOMC) Minutes from January's meeting.
The yen reached its strongest level in over two months on Thursday, driven by growing expectations of additional rate hikes from the Bank of Japan (BOJ) this year. Meanwhile, concerns over new tariff threats from U.S. President Donald Trump kept global markets on edge.
Gold prices rose in Asian trading on Thursday, briefly hitting an all-time high as demand for safe-haven assets surged following U.S. President Donald Trump's threat to impose additional trade tariffs.
Bitcoin remained largely unchanged on Thursday as investors showed a lack of clear direction amid ongoing U.S. tariff concerns and uncertainty about the Federal Reserve’s interest rate plans.
In a surprising revelation, former President Donald Trump has confirmed that he is in active discussions with Chinese officials regarding the popular social media app TikTok. The announcement comes amid ongoing concerns about the app's potential threats to national security, particularly regarding the collection of user data and its ties to China. Trump's comments indicate that his concerns about TikTok, which began during his tenure as president, remain a key point of discussion in his post-pre
The US operator of Forever 21 Inc. is planning to close at least 200 more stores as part of an impending bankruptcy process expected to begin next month, according to sources familiar with the situation.
Apple (AAPL) unveiled its budget-friendly iPhone 16e on Tuesday, marking a significant step with the introduction of its Apple Intelligence platform and the company’s first in-house-designed modem.
Morgan Stanley strategists have reversed their bearish stance on Chinese stocks, aligning with other Wall Street firms in predicting a more sustainable rally fueled by China’s progress in artificial intelligence. Laura Wang and her team now recommend an equal-weight position in Chinese equities, raising their target for the MSCI China Index to 77 by the end of 2025, up from a previous target of 63. This implies a further 4% gain from Wednesday’s close, with the index already entering a bull ma
Alibaba Group Holding Ltd. is set to face a critical moment in its earnings report this Thursday, following a massive rally driven by enthusiasm over its artificial intelligence model, a meeting between co-founder Jack Ma and Chinese officials, and a partnership with Apple Inc.
In an exciting development for the trading world, KVB has been named the Most Popular Broker of 2024 at the renowned Followme Awards.