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...
Gold is trading steadily in the early Asian trade, after hitting a record high recently. The precious metal's recent strength comes as no surprise, given rising global economic uncertainty, says Quasar Elizundia, Pepperstone research strategist in a note. The market continues to show a strong appetite for safe-haven assets, especially with the U.S. Federal Reserve's interest rate decision due later this week, Elizundia says. A more dovish stance from Fed Chair Powell could boost non-yielding assets, including gold, Elizundia says. Spot gold is flat at $3,000.58/oz. Source : Dow Jones...
EUR/USD rises to near 1.0900 in North American trading hours on Monday. The major currency pair gains as the US Dollar (USD) drops as investors turn cautious 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, falls to near 103.50. The Fed is almost certain to keep interest rates steady in the current range of 4.25%-4.50%. Therefore, the US Dollar's (USD) outlook will be guided by the Fed's dot plot, which shows where officials see interest rates heading...
DXY dips toward session lows as traders brace for Trump-Putin meeting.US Retail Sales disappoint, reinforcing concerns over economic momentum.Federal Reserve decision looms with markets positioning cautiously.Technical indicators suggest potential stabilization after sharp losses.The US Dollar remains under pressure at the start of the week, drifting lower as investors digest softer-than-expected Retail Sales data and brace for key political developments. On Tuesday, President Donald Trump is set to engage in discussions over Ukraine with Russian President Vladimir Putin. Meanwhile, bond...
The AUD/USD pair surged higher on Monday, benefiting from improved risk sentiment following China's monetary stimulus measures. The Australian Dollar strengthened broadly as investors reacted positively to the prospect of increased liquidity in the Chinese economy. Meanwhile, traders are turning their attention to upcoming events, including the Federal Reserve's (Fed) policy decision and Australia's employment data for February, which could provide further direction for AUD/USD.Australian Dollar strengthens as risk sentiment improvesThe Australian Dollar extended Friday's rally, with AUD/USD...
Gold price rises on Monday late in the North American session, hoover near the $3,000 mark for the second straight day, after data from the United States (US) shows the economy is cooling. The XAU/USD trades at $2,999, up over 0.40%. Risk appetite improved as reflected by US equities with traders shrugging off a weak US Retail Sales report for February. In addition, the New York Fed Empire State Manufacturing Index plunged, sparking fears that the economy might be tipped into a recession. Therefore, money market futures are pricing in 64 basis points (bps) of easing by the Federal Reserve...