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 Japanese yen strengthened past 144 per dollar on Wednesday, marking its seventh consecutive session of gains, as investors digested Japan's trade data while awaiting developments from the G7 meeting. Tokyo's trade deficit narrowed sharply in April 2025, though it defied market expectations for a surplus. Exports rose for the seventh consecutive month, but at the slowest pace in the current sequence amid concerns over looming US tariffs. Meanwhile, imports declined for the second month this year, though the drop was smaller than forecasted. Japan's chief trade negotiator, Ryosei...
EUR/USD caught a bounce for a second day in a row on Tuesday, bolstering the pair back toward the 1.1300 handle. Despite a near-term rise in bullish momentum bolstering the Fiber, EUR/USD remains well back from recent multi-year highs near 1.1575. The pair has found a firm technical floor from key moving averages, and overall market sentiment remains hopeful that traders will be able to keep finding reasons to hit the buy button. Tariffs dominate market perception, but US data looms aheadEuropean policymakers are currently wrapped up in G7 meetings, minimizing the trickle of noteworthy...
GBP/USD edged higher on Tuesday (5/20), edging closer to (but still not quite reaching) the 1.3400 level. Cable is heading into a series of key inflation and business outlook data releases, with UK Consumer Price Index (CPI) inflation due on Wednesday, with UK and US Purchasing Managers' Index (PMI) surveys due on Thursday. Trade headlines remain the main driver of global markets this week. Investors remain hopeful that a deal will be reached with the US that would prompt the Trump administration to move the tariff weapon away from its own economy, but the steady march into the unknown is...
The Japanese Yen (JPY) continued to strengthen against the US Dollar (USD) on Tuesday (5/20), marking a second straight day of gains amid broad USD weakness, although the USD/JPY pair traded flat near 144.75 during American hours. The pair dipped to an intraday low of 144.09 during early Asian trading hours before bouncing back during the European session. In contrast, the US Dollar Index (DXY), which measures the USD against a basket of six major currencies, remained subdued for the second day as sentiment weakened following Moody's downgrade of the US credit rating from Aaa to...
Oil prices were little changed on Tuesday (215) on uncertainty in U.S.-Iran negotiations and Russia-Ukraine peace talks, while new government data provided a cautious outlook for the economy of China, a major crude importer. Brent crude futures fell 16 cents, or 0.2%, to settle at $65.38 a barrel, while U.S. West Texas Intermediate (WTI) crude futures fell 13 cents, or 0.2%, to settle at $62.56. Iranian Supreme Leader Ayatollah Ali Khamenei said U.S. demands that Tehran halt uranium enrichment were "excessive and outrageous," casting doubt on whether talks on a new nuclear deal would...
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...