European stocks weakened slightly on Wednesday (October 29, 2025), after several consecutive days of record highs. The STOXX 600 index fell by around -0.3% to 576 points, while the STOXX 50 also corrected from its peak. Investors chose to hold positions while awaiting key data and policy decisions from the Federal Reserve (The Fed). The pharmaceutical sector was one of the laggards, with shares of giants like Novartis plunging by around -4.3% after underwhelming financial results. On the other hand, stocks like HSBC and Nokia actually saw a surge—HSBC rose by around 4.4% after raising its...
The USD/CHF pair rebounded strongly, edging above the key hurdle of 0.9050 during the North American trading hours on Tuesday (1/28) after a two-week correction near 0.8965. The Swiss Franc pair strengthened as the US Dollar (USD) continued its upward journey amid a nervous market environment. The US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, surged near 108.00. Investors rushed to the US Dollar as global technology stocks slumped on the assumption that China's DeepSeek's low-cost Artificial Intelligence (AI) model will narrow the technology gap...
Gold prices (XAU/USD) are facing pressure for the second straight day, trading around $2,735 at the time of writing on Tuesday (1/28), following a more than 1% drop the previous day after Chinese AI startup DeepSeek rocked the market. The results were not small, with over $550 billion in market capitalization wiped out for Nvidia alone. Given the sensitivity of technology, cryptocurrencies such as Bitcoin also suffered, with Bitcoin (BTC) losing over 6.5% at one point among the victims of spillover in the financial market asset class. This has benefited US President Donald Trump, who has...
The pound (GBP) fell below 1.2450 against the US dollar (USD) in the European session on Tuesday (28/1) after failing to break above the psychological resistance of 1.2500. GBP/USD fell sharply as the US dollar's safe-haven appeal increased amid a gloomy market mood. The US dollar index (DXY), which tracks the greenback against a basket of six major currencies, surged near 108.00 after a sharp sell-off in power companies, data centers and chatbot companies worldwide has boosted its safe-haven appeal. Global tech stocks plunged amid concerns that China's DeepSeek Artificial Intelligence...
Silver prices fell to around $30 an ounce on Tuesday (1/28), extending losses from the previous session as the dollar strengthened amid increasing tariff threats from U.S. President Donald Trump. Trump unveiled plans to impose tariffs on imported chips, pharmaceuticals, steel, aluminum and copper in an effort to boost domestic production. Traders also remained cautious ahead of a Feb. 1 deadline for the first round of tariffs targeting China, Mexico and Canada, as previously announced by the president. Meanwhile, investors are preparing for this week's U.S. Federal Reserve policy decision,...
The Japanese Yen (JPY) remained weaker against its American rival, with the USD/JPY pair eyeing the 156.00 level during the early European session on Tuesday (1/28). US President Donald Trump reiterated his push for higher universal tariffs, which could reignite inflationary pressures in the US. This, in turn, triggered a modest recovery in the US Treasury bond yields, which undermined the lower-yielding JPY and revived the demand for the US Dollar (USD). In fact, the USD Index (DXY), which tracks the Greenback against a basket of currencies, staged a solid rebound from its lowest level...