Renewed tensions between the United States and Russia have resurfaced following an incident involving an oil tanker, sparking market concerns about potential disruptions to global energy supplies. Washington's move, associated with tightening oversight and enforcement of sanctions on Russian oil shipments, is viewed by Moscow as provocative and could worsen relations between the two countries. Russia views these actions as an attempt by the United States to suppress Russian energy exports and strengthen its dominance in the global oil market. Meanwhile, Washington argues that these measures...
The US Dollar pared losses after a sharp drop on Thursday (6/13). Risk-off reaction to Israel's attack on Iran has brought some cheer to the US Dollar, pushing the pair back above 0.8100, but it is still on track for a weekly decline of 1.3%. News reports of explosions at nuclear and military sites in Iran that would kill several high-ranking Revolutionary Guard figures in an attack that, according to Israeli Prime Minister Benjamin Netanyahu, could last for several days. Iran announced that it would walk away from nuclear talks with the US, which took place on Sunday in Oman, and launched...
The Japanese Yen (JPY) retreats further from over a one-week top touched against the rebounding US Dollar (USD) during the Asian session on Friday, pushing the USD/JPY pair to a fresh daily peak, around the 143.75 area in the last hour. Reports that the Bank of Japan (BoJ) will keep the benchmark rate steady at 0.5% at its upcoming meeting next week turn out to be a key factor weighing on the JPY. Investors, however, seem convinced that the BoJ will stick to the path toward policy normalization amid the broadening inflation in Japan. Adding to this, a sharp escalation of geopolitical...
Silver price (XAG/USD) retraces its recent gains registered in the previous session, trading around $36.30 per troy ounce during the Asian hours on Friday. A bullish bias is prevailing as the technical analysis of the daily chart shows the price of the precious metal remains within an ascending channel pattern. The Silver price is remaining above the nine-day Exponential Moving Average (EMA), further highlighting that the short-term momentum is stronger. Additionally, the 14-day Relative Strength Index (RSI) hovers slightly below the 70 level after retreating from higher levels,...
Oil surged as much as 13% after Israel carried out waves of military strikes against Iran, raising fears of a wider war in a region that accounts for a third of global crude production. Brent topped $78 a barrel in the biggest intraday gain since March 2022, following Russia's invasion of Ukraine. Gold was a beneficiary as investors flocked to havens , rising as much as 1.7% near a record. Israeli Prime Minister Benjamin Netanyahu said the attacks targeted Tehran's nuclear program and military, and would last until the threat was removed....
Gold prices climbed on Friday to their highest point in more than a month, on track for a weekly gain, as investors sought safe-haven assets after Israel's strike on Iran heightened Middle East tensions. Spot gold was up 1.3% at $3,428.28 an ounce, as of 0134 GMT, after hitting its highest level since May 7 earlier in the session. Bullion has gained more than 3.5% so far this week. Geopolitical tensions escalated after Israel struck Iran as tensions mounted over U.S. efforts to halt Iran's production of atomic bomb materials. "This latest spike in hostilities in the Middle East has taken...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
European stock indices closed marginally lower on Wednesday as equities took a breather from their recent strong momentum, while investors continued to assess the outlook for the ECB's policy this...
The upcoming Supreme Court ruling on the legality of President Donald Trump's massive tariffs, which rocked markets in April, is one of the next major tests for US stocks and bonds.
Equity markets...