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...
Oil prices rose slightly on Tuesday, supported by instability in the Middle East as well as China's stimulus plans and data, although global growth concerns, U.S. tariffs and Russia-Ukraine ceasefire talks curbed gains. Brent futures ticked up 17 cents, or 0.2%, to stand at $71.24 a barrel by 0350 GMT, while U.S. West Texas Intermediate crude futures rose 14 cents, or 0.2%, to $67.72 a barrel. "Along with U.S. strikes on the Houthis in Yemen, several factors provided support to the market," ING analysts said in a research note. "China unveiled plans to revive consumption, while Chinese...
GBP/USD retreats after gaining in the previous session, hovering around 1.2970 during Asian trading on Tuesday. The pair faces pressure as the US Dollar (USD) attempts to recover losses from the last two sessions. However, downside movement may be limited, as the Greenback remains vulnerable amid rising trade tensions and growing economic concerns in the United States (US). The US Dollar Index (DXY), which tracks the USD against six major currencies, trades positively around 103.50 at the time of writing. However, the US Dollar could further lose ground as weak US economic data and Trump's...
Gold rose above the $3,000 level mark on Tuesday, hitting a new record high as safe-haven demand strengthened ahead of the U.S. Federal Reserve's interest rate decision. With the Fed expected to keep rates unchanged, investors will focus on the central bank's updated economic projections and Chair Jerome Powell's press conference for signals on future policy direction, particularly amid trade and tariff woes. Geopolitical tensions have also contributed to market uncertainty. On Monday, President Donald Trump has warned that Iran will be held directly responsible for any further attacks by...
The Australian Dollar (AUD) gains ground for the third successive session on Tuesday. The AUD/USD pair strengthened as the US Dollar (USD) weakened amid rising trade tensions and growing economic concerns in the United States (US). Reserve Bank of Australia (RBA) Assistant Governor (Economic) Sarah Hunter stated late Monday that the central bank will take a cautious approach to rate cuts. The February statement indicated that the RBA board is more conservative than market expectations regarding further easing. Hunter also emphasized monitoring US policy decisions and their impact on...
Oil steadied after a two-day gain, with the outlook for China's economy and geopolitical risk in the Middle East remaining in focus. West Texas Intermediate traded above $67 a barrel after rising by 1.5% over the past two sessions, with Brent closing near $71 on Monday. There were optimistic signals in the world's two biggest crude consumers, with Beijing planning further measures to boost consumption, while US retail sales came in stronger than expected — although they still showed a modest slowdown. Geopolitical concerns also remained at the forefront after US President Donald...