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...
USD/CHF continues its losing streak for the third successive session, trading around 0.8210 during the Asian hours on Monday. The pair loses ground as the US Dollar (USD) may face challenges amid growing concerns regarding slow growth and renewed inflation in the United States (US). US President Donald Trump threatened to double import tariffs on steel and aluminum, increasing them to 50% from 25%. Additionally, the Swiss Franc (CHF) receives support from increased safe-haven demand following decision by the US Court of Appeals for the Federal Circuit in Washington, on Thursday,...
Gold price (XAU/USD) regains positive traction at the start of a new week and climbs beyond the $3,300 mark during the Asian session, reversing a major part of Friday's losses. The Personal Consumption Expenditures (PCE) Price Index released on Friday further pointed to signs easing inflationary pressures in the US and bolstered the case for more rate cuts by the Federal Reserve (Fed). This, in turn, is seen weighing on the US Dollar (USD) and acting as a tailwind for the non-yielding yellow metal. Meanwhile, geopolitical risks stemming from the protracted Russia-Ukraine war and conflicts...
EUR/USD retraces its recent losses registered in the previous session, trading around 1.1370 during the Asian hours on Monday. The pair appreciates as the US Dollar (USD) struggles as the US Court of Appeals, on Thursday, ruling allowing US President Donald Trump's tariffs to take effect. On Wednesday, a three-judge panel at the Court of International Trade in Manhattan said that Trump exceeded his authority in imposing broad import tariffs and declared the executive orders issued on April 2 unlawful. On Friday, President Trump said at a rally in Pennsylvania that he planned to double...
The dollar index fell toward 99 on Monday, erasing gains from the previous week as investor sentiment soured amid renewed trade tensions. The decline followed President Donald Trump's announcement that the US will double tariffs on steel and aluminum imports to 50% starting June 4. Tensions with China also escalated after Beijing rejected Trump's claim that it had violated the trade agreement reached in Geneva last month, casting doubt on the likelihood of a near-term call between the two nations' leaders. Still, National Economic Council Director Kevin Hassett said over the weekend that...
The GBP/USD pair regains positive traction at the start of a new week amid renewed US Dollar (USD) selling, though it remains below the 1.3500 psychological mark during the Asian session. The Personal Consumption Expenditures (PCE) Price Index released on Friday pointed to further easing inflationary pressures in the US and bolstered the case for more policy easing by the Federal Reserve (Fed). Adding to this, concerns about the worsening US fiscal condition, fueled by the passage of US President Donald Trump's "Big Beautiful Bill," exert fresh downward pressure on the USD. The British...
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...