GBP/USD declines ahead of UK labor data set to be released on Tuesday.UK PM Starmer said that any peace agreement for Ukraine would need a "US backstop" to deter further Russian attacks.Fed Governor Michelle Bowman warned that upside inflation risks persist, stressing the need for more clarity before considering rate cuts.GBP/USD breaks its five-day winning streak, trading around 1.2600 during Tuesday's Asian session. Traders are awaiting UK employment data set to be released later in the day. The Claimant Count Change for January is expected to rise to 10K new unemployment benefit...
Gold price (XAU/USD) trades with a mild positive bias above the $2,900 mark during the Asian session on Tuesday, though it lacks bullish conviction and remains confined in a familiar range that has held over the past week or so. Investors remain worried that US President Donald Trump's threat of reciprocal tariffs would trigger a global trade war. This turns out to be a key factor that continues to underpin demand for the safe-haven bullion. Adding to this, expectations that the Federal Reserve (Fed) might cut interest rates further this year, bolstered by the unforeseen drop in US Retail...
Brent crude oil prices advanced on Tuesday adding to gains in the previous session after a drone attack on an oil pipeline pumping station in Russia reduced flows from Kazakhstan, but gains were capped on the prospects of supply rising soon. Brent crude futures gained 15 cents, or 0.2%, to $75.37 per barrel at 0454 GMT. U.S. West Texas Intermediate crude futures were up 67 cents from Friday's close at $71.41 a barrel. There was no settlement for WTI on Monday due to the U.S. Presidents' Day holiday. "The overriding theme driving oil prices lately has been around supply expectations. With...