Oil was steady after a sluggish session on Monday, with traders monitoring the latest U.S. moves in the trade war and the prospect of easing curbs on Iranian crude. West Texas Intermediate held near $62 a barrel, with Brent settling just below $65. A degree of calm returned to Wall Street on Monday, with stocks and bonds gaining after a tumultuous week in the grip of President Donald Trump's disruptive tariff policies. Oil has fallen about $10 this month as the trade war stoked fears of a global recession that would hurt energy demand, especially in the U.S. and China — the biggest...
Gold edged higher in Asia this morning as traders digested mixed signals. On one hand, Fed Governor Waller said overnight that interest rates may have to be cut soon if President Trump's massive tariffs remain in place, which supported the appeal of the non-interest-bearing precious metal. On the other hand, Trump said Monday that he is considering temporarily suspending some tariffs to help automakers, which could dampen gold's appeal as a safe-haven asset. "In the short term, gold once again appears a bit stretched and a period of consolidation may be needed," Fawad Razaqzada, market...
The Australian Dollar (AUD) strengthened for the fifth straight session against the US Dollar (USD) on Tuesday (15/4). The AUD/USD pair continued to gain momentum after US President Donald Trump exempted key technology products from his new "reciprocal" tariffs, boosting global risk sentiment. The exemptions covered goods largely manufactured in China—such as smartphones, computers, semiconductors, solar cells, and flat-panel displays—which provided a boost to the AUD, as China remains Australia's largest trading partner and a major consumer of its commodities. The minutes from the Reserve...