Live Updates

    28 February 2025
    OPEC+ shows reluctance to proceed with the planned oil output increase, favouring a delay instead.

    OPEC+ debates an April oil output hike; Russia, UAE support it, but Saudi Arabia prefers a delay.

    28 February 2025
    XAG/USD shows resilience near the $31.15 zone, recovering from a four-week low.

    Silver holds above the 100-day SMA at $31.15, with key levels at $30.00 support and $33.40 resistance.

    28 February 2025
    Japanese unions advocate for record salary increases amid rising costs and strong prior wage trends.

    Japanese labour unions seek record wage increases amid rising living costs, reinforcing arguments for Bank of Japan rate hikes.

    28 February 2025
    Under pressure, the Australian Dollar continues to decline as the US Dollar strengthens amid rising risk aversion.

    AUD declines for six days amid US tariffs; RBA concerns, trade risks, and economic factors influence outlook.

    28 February 2025
    Sam Altman announced the addition of tens of thousands of GPUs for the upcoming ChatGPT launch.

    OpenAI CEO Sam Altman announces GPT-4.5 rollout, expanding GPUs significantly for the powerful new model.

    28 February 2025
    Concerns over global economic growth and fuel demand keep WTI crude oil around $70.00.

    WTI crude trades at $69.90 amid economic concerns, US tariffs, OPEC+ decisions, Venezuela sanctions, and inflation data.

    28 February 2025
    Fresh interest in the Japanese Yen follows BoJ Deputy Governor’s hawkish inflation comments amid weaker CPI.

    The Japanese Yen gained as BoJ’s Uchida signaled rate hikes, despite softer CPI data and weak output.

    28 February 2025
    President Harker of the Federal Reserve suggests potential rate adjustments, indicating both options remain viable.

    Harker suggests rates will likely stay on hold but doesn’t rule out movement, leaning toward future cuts.

    28 February 2025
    Ahead of India’s GDP release, the INR experiences slight losses as USD demand rises.

    Indian Rupee weakens amid USD demand, foreign outflows, and macroeconomic factors ahead of India’s GDP release.

    28 February 2025
    The NASDAQ faced its largest drop this year, while major indices experienced substantial declines overall.

    Major stock indices declined, with NASDAQ down 2.78%. Nvidia dropped 8.48%, while Tesla neared its 200-day average.

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