EUR/USD remains steady during the North American session on Friday, poised to end the week with modest gains of over 0.18% as traders brace for the next week's monetary policy decision by the Federal Reserve (Fed). At the time of writing, the pair trades at 1.1736, virtually unchanged. Euro ends week modestly higher as soft US data cements rate cut bets, narrowing policy divergence with ECB US economic data continued to drive price action on Friday as Consumer Sentiment in September deteriorated, while inflation expectations remain above the Fed's 2% goal. This, and the payrolls revision...
Oil prices rose on Tuesday amid concerns that the Iran-Israel conflict could escalate, raising the risk of further unrest and potential disruptions to oil supplies from the key Middle East producing region. Brent crude futures rose 34 cents, or 0.5%, to $73.57 a barrel by 0340 GMT. U.S. West Texas Intermediate crude futures rose 29 cents, or 0.4%, to $72.06. Both contracts rose more than 2% earlier in the session. Oil prices fell more than 1% on Monday amid hopes that the conflict would ease after media reports that Iran was seeking to end hostilities. However, concerns grew after U.S....
Gold rose on Tuesday as rising geopolitical uncertainty stemming from the Israel-Iran row and U.S. President Donald Trump's call to evacuate Tehran prompted investors to seek safe-haven assets. Spot gold was up 0.4% at $3,396.67 an ounce, by 0239 GMT, after falling more than 1% on Monday. U.S. gold futures were steady at $3,416.30. "Market sentiment continues to fluctuate between escalation and de-escalation regarding events in the Middle East, and it is this shift in sentiment back and forth that is driving gold prices either side of the $3,400 level," said Tim Waterer, chief market...
The dollar firmed slightly on Tuesday, though most currencies held tight ranges as investors remained concerned about ongoing tensions in the Middle East and awaited an upcoming central bank decision. The Bank of Japan concludes its two-day monetary policy meeting on Tuesday, where it is widely expected to keep interest rates steady and consider tapering bond purchases slowly starting next fiscal year. Ahead of the outcome, the yen firmed slightly to 144.70 per dollar, reversing some of its decline from the previous session. "Markets are now refocusing their attention on the usual...
Gold edged up in early Asian trading amid ongoing geopolitical tensions that typically boost the precious metal's appeal as a safe haven. Israel attacked buildings belonging to Iran's state-owned media company in Tehran. The attacks came despite Tehran sending a message through intermediaries calling for a return to nuclear talks if the U.S. stays out of the conflict. "The geopolitical backdrop remains highly volatile," Fawad Razaqzada, market analyst at City Index and FOREX.com, said in an email. "The Israeli attack on Iran has injected a clear risk premium across commodities," the...
Oil prices slipped $1 per barrel on Monday in volatile trading after reports that Iran is seeking an end to hostilities with Israel, raising the possibility of a truce and easing fears of a disruption to crude supplies from the region. Brent crude futures settled $1, or 1.35%, lower to $73.23 a barrel. U.S. West Texas Intermediate crude futures fell $1.21, or 1.66%, to $71.77 per barrel. Iran has asked Qatar, Saudi Arabia and Oman to press U.S. President Donald Trump to use his influence on Israel for an immediate ceasefire in return for Tehran's flexibility in talks about its nuclear...
The Swiss Franc (CHF) is holding steady against the US Dollar (USD) on Monday, even as the US Dollar Index (DXY) slips back below 98.00, with traders brace for a relatively calm start to a week full of central bank decisions and the context of an escalating war between Israel and Iran.. The USD/CHF pair is hovering around 0.8106 during the European session, holding within a narrow range between 0.8100 and 0.8130 after bouncing back from Friday's dip to a two-month low near 0.8056. Market participants remain cautious, keeping positions light ahead of this week's key interest-rate decisions...
The Australian Dollar (AUD) strengthened against the US Dollar (USD) on Monday, buoyed by improved risk sentiment amid easing geopolitical tensions. Reports from The Wall Street Journal indicate that Iran is signaling openness to negotiations with the United States (US), prompting optimism about a potential de-escalation in the recent Israel-Iran tensions. Diplomatic efforts are gaining momentum as international stakeholders, including the United States, Saudi Arabia, and the United Nations, continue to urge restraint and dialogue to prevent further escalation. Additionally, economic data...
The GBP/USD surged during the North American session, rising back above the 1.36 figure as hostilities within the Israel-Iran conflict escalated over the weekend and continued into the new week. At the time of writing, the pair trades at 1.3600, gaining 0.27%. Last Friday, the GBP/USD retreated on risk aversion and plunged to 1.3515 as Israel delivered strikes on Iran's military and nuclear facilities, alongside targeted attacks on senior officials. Since then, Iran has retaliated, and with both parties exchanging blows, a truce seems far from reach. The Dollar began the week on the back...
Gold (XAU/USD) is extending its decline on Wednesday for a second consecutive day as the US Dollar (USD) and US Treasury yields firm ahead of the release of the Federal Open Market Committee (FOMC)...
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....