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 (XAU/USD) prices continued its consolidative price movement near record highs through the first half of the European session (3/19) on Wednesday as investors braced ahead of the FOMC policy update. The Federal Reserve (Fed) will announce its decision later during the US session and is widely expected to keep the federal funds rate unchanged in the current range of 4.25% to 4.50%. Hence, the focus will remain on the accompanying policy statement and the latest economic projections, which include the so-called dot plot. Apart from this, Fed Chair Jerome Powell's comments at the...
Oil prices fell on Wednesday after Russia agreed to US President Donald Trump's proposal that Moscow and Kyiv temporarily stop attacking each other's energy infrastructure, which could allow more Russian oil to enter the global market. Brent crude was down 23 cents, or 0.3%, at $70.33 a barrel by 0730 GMT. U.S. West Texas Intermediate (WTI) crude was down 25 cents, or 0.4%, at $66.65. Russian President Vladimir Putin on Tuesday agreed to stop attacking Ukrainian energy facilities but stopped short of a full 30-day truce that Trump had hoped for. "The agreement marks a positive step...
The Japanese Yen (JPY) moved little after the Bank of Japan's (BoJ) decision to leave the short-term interest rate target unchanged and remains depressed in the wake of weaker-than-expected domestic data released earlier this Wednesday. Apart from this, a modest US Dollar (USD) bounce, from a multi-month low touched on Tuesday, lifts the USD/JPY pair above mid-149.00s during the Asian session. The JPY bears, however, seem reluctant to place aggressive bets and opt to wait for BoJ Governor Kazuo Ueda's comments at the post-meeting press conference. Investors will look for cues about the...
Gold price (XAU/USD) touches a fresh all-time peak, around the $3,039 region during the Asian session on Wednesday, though it lacks follow-through as traders opt to wait for the outcome of a two-day FOMC policy meeting. The Federal Reserve (Fed) is scheduled to announce its decision later today and is expected to keep the federal funds rate unchanged at the current range of 4.25% to 4.50%. Hence, the focus will be on updated economic projections and Fed Chair Jerome Powell's comments at the post-meeting press conference. Investors will look for cues about the future rate-cut path, which, in...
Oil prices fell on Wednesday after Russia agreed to U.S. President Donald Trump's proposal that Moscow and Kyiv stop attacking each other's energy infrastructure temporarily, which could lead to more Russian oil entering global markets. Brent crude futures fell 19 cents, or 0.3%, to $70.37 a barrel by 0420 GMT. U.S. West Texas Intermediate crude (WTI) was down 20 cents, or 0.3%, to $66.70. Russian President Vladimir Putin agreed on Tuesday to stop attacking Ukrainian energy facilities but stopped short of endorsing a full 30-day ceasefire that Trump hoped for. Russia is one of the world's...
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...