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 (USD) continues to face an intense selling pressure, with the US Dollar Index (DXY) sliding to near 99.50. The USD Index has extended its losing streak for the third trading day amid escalating trade war between the United States (US) and China. Last week, Donald Trump announced a 90-day pause on reciprocal tariffs on all of its trading partners, except China. The situation worsened after Trump raised reciprocal levies on China to 125% for imposing significant counter-tariffs on the US. The 90-day reciprocal tariff pause was a big relief for all associated nations, which led...
EUR/USD jumps to near 1.1400 in Monday's European session. The major currency pair aims to reclaim the over-three-year high of 1.1474, which it posted on Friday. The pair demonstrates sheer strength as the US Dollar (USD) continues to dive amid growing fears of United States (US) stagflation, a situation in which inflation increases, the economy deteriorates, and employment cools down. The US Dollar Index (DXY), which gauges the Greenback's value against six major currencies, sees more downside below the recent lows of 99.00. Financial market participants are anticipating US stagflation...
Oil prices edged higher on Monday after U.S. exclusions on some tariffs and Chinese data showing a sharp rebound in crude imports in March, but gains were capped by concerns that the trade war between the United States and China could weaken global economic growth and dent fuel demand. Brent crude futures rose by 8 cents, or 0.12%, to $64.84 a barrel by 0822 GMT. U.S. West Texas Intermediate crude was up 10 cents, or 0.16%, at $61.60. "The news about the exemptions on tariffs has helped lift sentiment across markets," said Harry Tchilinguirian, global head of research at Onyx Capital...
Gold price (XAU/USD) retreats after touching a fresh record high earlier this Monday and trades with a mild negative bias around the $3,220 area during the first half of the European session. A positive tone around the equity markets prompts some profit-taking around the precious metal amid slightly overbought conditions on the daily chart. Any meaningful corrective decline, however, still seems elusive in the wake of a sharp escalation in US-China trade tensions, which might continue to act as a tailwind for the safe-haven bullion. Meanwhile, investors now seem convinced that the Federal...
Silver prices dipped to around $32 per ounce on Monday, snapping a three-day rally as easing trade tensions reduced demand for safe-haven assets. The pullback followed US President Donald Trump's decision to exempt key technology products from his newly announced "reciprocal" tariffs, lifting global market sentiment. China's Commerce Ministry welcomed the exemptions as a "small step," while urging the US to fully remove the broader 145% levy on Chinese goods. Markets are now focused on upcoming trade negotiations between the US and major partners, including Japan, India, and South...
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...