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...
Gold prices fell on Monday from a record high hit earlier in the session as trade tensions eased after U.S. President Donald Trump exempted smartphones and computers from "reciprocal" U.S. tariffs. Spot gold was down 0.1% at $3,232.45 an ounce, as of 0329 GMT. Bullion hit a record high of $3,245.42 earlier in the day. U.S. gold futures edged up 0.1% to $3,248.20. "A weaker U.S. dollar has helped gold prices, but news of the tech tariff exemptions has boosted risk appetite and caused safe-haven demand to decline. This has left gold price directionless," said KCM Trade chief market analyst...
The dollar weakened on Monday as an early rally from a three-year low ended, with markets haunted by a series of tariff-related remarks from U.S. President Donald Trump that last week shook investor confidence in the world's reserve currency. Investors were bracing for a tumultuous week as Trump's tariffs and then sudden delays on U.S. imports continued to stir confusion. The dollar reversed early gains as Asian trading began, falling against the Swiss franc toward a 10-year low hit on Friday. The dollar was last trading 0.05% lower against the Swiss franc at 0.8158. The pound pared...
The Australian dollar (AUD) continued its gains against the US dollar (USD) on Monday (14/4), supported by improving risk sentiment. The AUD/USD pair strengthened after US President Donald Trump announced less stringent tariffs on Chinese imports, including semiconductors and electronics, on Sunday night. Clarifying earlier speculation about exemptions, Trump confirmed these goods would remain subject to the existing 20% tariffs on fentanyl, instead of the previously suggested 145% tariff. Stronger commodity prices provided further support for the Australian dollar. However, persistent...
The Japanese Yen (JPY) attracted fresh buyers at the start of a new week and remained within striking distance of its highest level since late September 2024 hit against the broadly weakening US Dollar (USD) last Friday. Concerns about the rapidly escalating US-China trade war and its impact on the global economy continued to support traditional safe-haven assets, including the JPY. Further, hopes that Japan might reach a trade deal with the US turned out to be another factor offering support to the JPY. Meanwhile, signs of broadening inflation in Japan keep the case for further interest...
The GBP/USD pair moved higher at the start of a new week and traded just below the 1.3100 level during the Asian session (4/14), within striking distance of Friday's swing high. Moreover, the bearish sentiment surrounding the US Dollar (USD) suggests that the path of least resistance for spot prices remains to the upside. The initial market reaction to US President Donald Trump's decision last week to pause all-encompassing tariffs for 90 days turned out to be short-lived amid growing fears of a US recession amid the escalating US-China trade war. China's 84% tariffs on US goods went into...
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...