United States (US) President Donald Trump and Russian President Vladimir Putin concluded an initial face-to-face meeting in Alaska late Friday, with both parties delivering mutually inconclusive statements. Trump and Putin both delivered vague promises of "progress" on multiple fronts, but initial details remain light. Now, President Trump will be pivoting to hand-delivering Russia's peace proposals on Ukraine to both the Ukrainian and European Union government bodies. Key Putin highlightsMeeting has been long overdue.Ukraine situation was one of key issues.Ukraine war is a tragedy, great...
GBP/USD traded thinly on Tuesday, but still inched back into the 1.3000 handle, chalking in a fresh 19-week high ahead of high-impact rate calls from both the Federal Reserve (Fed) and the Bank of England (BoE). The Fed is widely expected to hold steady on rates this week, but a fresh update to the Federal Open Market Committee's (FOMC) interest rate expectations will draw plenty of eyes. The Federal Reserve's (Fed) latest rate call is due on Wednesday. According to the CME's FedWatch Tool, rate markets broadly anticipate the Fed to stand pat on rates for the next two meetings, with the...
EUR/USD surrenders intraday gains after posting a fresh five-month high near 1.0955 in Tuesday's North American session. The major currency pair falls back as the US Dollar (USD) attracts bids ahead of the Federal Reserve's (Fed) interest rate decision, which will be announced on Wednesday. The US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, rebounds from the five-month low of 103.20.According to the CME FedWatch tool, the Fed is almost certain to keep borrowing rates steady in the range of 4.25%-4.50% on Wednesday. This would be the second straight...
The AUD/USD struggles to maintain gains, hovering near the 0.6350 zone as bullish momentum fades.China's economic stimulus provided initial support, but investors turn cautious ahead of key US data.Technical indicators suggest consolidation, with the pair facing resistance near recent highs.The AUD/USD rebound halts near 0.6350 as market caution prevails. The pair lost momentum on Tuesday after initially benefiting from renewed optimism surrounding China's economy. The Australian Dollar found support from Beijing's special action plan to boost household incomes and domestic consumption....
The US Dollar Index edges higher, recovering from earlier losses.Germany plans to inject 0.5 trillion euros into fiscal spending.Geopolitical uncertainty rises as Trump and Putin hold key discussions.Economic indicators show resilience despite market volatility.The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of six currencies, is stabilizing after avoiding a fresh five-month low. Traders react to Germany's significant fiscal expansion while monitoring geopolitical risks linked to ongoing talks between US President Donald Trump and Russian President...
Gold price skyrockets past the $3,000 figure and hit a record high of $3,038 on Tuesday amid uncertainty on United States (US) President Donald Trump's reciprocal tariffs to be enacted on April 2, while traders eye Federal Reserve's (Fed) monetary policy decision. XAU/USD is trading at $3,037, up by 1.20%. Risk appetite remains deteriorated, even though talks between Trump and Russian President Vladimir Putin relieved some of traders' stress with the latter agreeing to a 30-day halt on attacking Ukraine energy facilities, according to Reuters. Nevertheless, the Bullion rally continued with...