Oil prices stabilized on Thursday (February 12th), as the market reassigned a risk premium to US-Iran tensions despite US inventory data showing swelling domestic supplies. This movement confirms one thing: geopolitical headlines are still more "noise" than signals of a short-term surplus. As of 3:50 PM WIB, Brent was at $69.60/barrel (+0.29%) and WTI was at $64.83/barrel (+0.31%). The gains were moderate, but enough to keep prices near the psychological $70 level for Brent. From a geopolitical perspective, market focus is on the potential for escalation in the Middle East. Recent reports...
In today's trading, the USD/JPY currency pair showed significant movement. After strengthening to a two-month high above 148.00 on Friday, August 22, 2025, USD/JPY experienced a sharp decline as the US dollar weakened following Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole symposium. Powell's dovish remarks, indicating a possible interest rate cut at the September meeting, put pressure on the US dollar, while the Japanese yen remained under pressure from less than encouraging domestic economic data. Previously, USD/JPY reached an intraday high of 147.60 on August 21,...
The AUD/USD strengthened in today's trading, as the US dollar weakened following Federal Reserve Chairman Jerome Powell's speech at the annual Jackson Hole symposium. Powell's dovish tone, which hinted at a possible interest rate cut at the September meeting, boosted non-dollar currencies, including the Australian dollar. The AUD's strengthening was also supported by relatively stable Australian domestic economic data. Surveys showed Australia's service and manufacturing sectors showing signs of recovery, although inflation remained above the Reserve Bank of Australia's (RBA) long-term...
The GBP/USD pair showed significant movement. After dropping to a two-week low below 1.3400 on Friday, August 22, 2025, it rallied again as the US dollar weakened following Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole Symposium. Powell's dovish remarks, indicating the possibility of an interest rate cut, drove a sharp decline in the US dollar, giving the pound sterling room to strengthen again. External factors, such as President Trump's tariff policies, also influenced GBP/USD movements. Aggressive tariff policies can increase global economic uncertainty, which in...
The US dollar (USD) weakened against most major currencies in Friday trading, following Federal Reserve Chairman Jerome Powell's speech at the annual Jackson Hole forum. Powell's dovish tone further strengthened market confidence that the central bank would soon ease monetary policy, with the odds of an interest rate cut in September now approaching 90%. Powell Signals Easing In his speech, Powell acknowledged that the US labor market is currently showing significant signs of weakness. He described this condition as a "strange balance" because the decline is occurring on both the supply...
EUR/USD skyrockets during the North American session after Federal Reserve (Fed) Chairman Jerome Powell leaned dovish at his Jackson Hole speech, opening the door for a resumption of the easing cycle. The pair trades at 1.1718, up by 0.97%. Market participants began to price in a Fed rate cut in September as the Fed Chair Jerome Powell said that "The stability of the unemployment rate and other labor market measures allows us to proceed carefully as we consider changes to our policy stance." He added that there's a "reasonable base case" to think that tariffs would create a "one-time"...
Oil prices steadied on Friday amid uncertainty surrounding a potential peace deal between Russia and Ukraine, with prices gaining on the week for the first time in three weeks. Brent crude futures settled up 6 cents or 0.09% to $67.73. West Texas Intermediate (WTI) crude futures settled up 14 cents or 0.22% to $63.66. Both contracts gained more than 1% in the previous session. Brent gained 2.9% this week while WTI rose 1.4%. "Everyone is waiting for President Trump's next step," said UBS commodity analyst Giovanni Staunovo. "Over the coming days, it seems nothing will happen," he...
The Swiss Franc (CHF) surges against the US Dollar (USD) on Friday after Federal Reserve (Fed) Chair Jerome Powell's remarks at the Jackson Hole Symposium triggered a broad-based Greenback selloff. At the time of writing, USD/CHF is trading near 0.8003, down almost 1% on the day after briefly touching 0.8104, its highest level in nearly two weeks, before reversing to its lowest in around three and a half weeks. In his keynote, Powell delivered a cautious message that reinforced expectations of a September rate cut while avoiding a firm commitment. On tariffs, he acknowledged that "the...
Gold prices continue to trend higher on Friday after the Federal Reserve (Fed) leaned dovish, as commented by the Fed Chair Jerome Powell, who said that "downside risks to the labor market are rising." XAU/USD trades at $3,371 after hitting a daily low of $3,321. The day arrived and Powell hinted that there's a "reasonable base case" to think that tariffs would create a "one-time" increase in prices. Nevertheless, he acknowledged that risks to inflation are tilted to the upside and risks to employment to the downside, a "challenging situation." After his remarks, Bullion prices initially...
Gold rises in the early Asian trade. There's a broad commodities uptrend, driven by macro uncertainty, a weaker dollar, and persistent demand for "hard" assets, says Fawad Razaqzada, market analyst...
Oil extended declines after OPEC+ agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs fan fears about the demand outlook.
Brent...
The Japanese Yen (JPY) weakened against its US counterpart and reversed part of Friday's recovery from the lowest level since July 23 following Bank of Japan (BOJ) Governor Kazuo Ueda's remarks....