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 Index (DXY) traded in the red on Monday (4/21), sliding towards the 98.50 region and marking a fresh three-year low. The sharp decline followed growing market concerns over the institutional integrity of the Federal Reserve (Fed) after US President Donald Trump again publicly criticized Fed Chairman Jerome Powell and confirmed that he was looking for ways to remove him. Trump accused Powell of manipulating interest rates for political purposes in 2024 and described him as "late" in reacting to economic conditions. Amid rising global uncertainties and deteriorating confidence...
Gold surged above $3,400 to a new record high on Monday, as the dollar weakened and uncertainty over the economic impact of U.S.-China trade tensions spurred demand for safe-haven bullion. Spot gold rose 2.6% to $3,414.91 an ounce at 09:26 a.m. ET (1326 GMT). Prices hit a record high of $3,424.25 earlier in the session. U.S. gold futures rose 2.9% to $3,424.50. The dollar tumbled as investor confidence in the U.S. economy took another hit over President Donald Trump's comments about Federal Reserve chairman Jerome Powell. A weaker dollar makes bullion more appealing for other currency...
Oil retreated as traders fretted over the impact of the US-led trade war on energy demand, while sings of progress in talks between Washington and Tehran eased concerns about supplies from Iran. Brent crude fell as much as 2.9%, to $66.01 a barrel. The International Monetary Fund is set to cut growth forecasts, and other data may also show how President Donald Trump's trade policies are affecting the global economy. "Oil looks like it's taking a leg lower on general risk-off moves," said Ed Bell, head of research at Dubai lender Emirates NBD Pjsc. "The prevailing mood...
The GBP/USD pair rallies to near 1.3400 during European trading hours on Monday, the highest level seen in seven months. The Cable strengthens as the US Dollar (USD) has been battered by the threat to the Federal Reserve's (Fed) independence after United States (US) President Donald Trump. The US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, is down over 1% to a fresh three-year low near 98.00. Donald Trump has slammed Fed Powell for continuing to support a "wait and see" approach on the monetary policy until getting greater clarity over how the new...
EUR/USD breaks to near 1.1575 at the start of the week, the highest level seen in three-and-a-half years. The major currency pair strengthens as the US Dollar (USD) falls further due to escalating doubts over its safe-haven status. The US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, refreshes a three-year low near 98.00. The remarks over Federal Reserve (Fed) Chair Jerome Powell's termination by United States (US) President Donald Trump have shaken the credibility of the US Dollar and US assets, which had already faltered due to erratic headlines...
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...