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...
Silver price (XAG/USD) posts modest gains around $30.15 during the Asian trading hours on Tuesday. The upside for the white metal might be limited due to investors liquidating positions to secure profits, possibly covering losses or margin calls on falling asset valuations, fueled by concerns about a global trade war. Nonetheless, the weaker Greenback might help limit the USD-denominated commodity price's losses. Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although...
Gold price is building on its rebound from one-month lows of $2,957 early Tuesday, replicating the moves seen in Monday's Asian trading. In doing so, Gold buyers retake the $3,000 threshold, but will they sustain the upswing amid escalating US-China trade tensions.Gold price is snapping a three-day correction as the US Dollar (USD) has come under renewed selling pressure while the US Treasury bond yields have paused their rebound from six-month troughs. China's efforts to step up lending to stabilize markets and a generalized recovery in risk sentiment revive the downside for the so-called...
Oil prices rose in Asian trade on Tuesday, recovering a small portion of recent losses as traders remained on edge over slowing demand amid a rapidly escalating U.S.-led trade war. Oil prices had slumped to a four-year low in recent sessions, after U.S. President Donald Trump unveiled steep reciprocal tariffs on several major economies. Trump's tariffs are set to take effect from Wednesday. A particular point of concern for oil markets is growing trade tensions between China and the U.S., after Beijing retaliated against Trump's latest tariffs and vowed to "fight to the end" if the...
The US dollar index slipped to around 103 on Tuesday, trimming recent gains as persistent trade uncertainties weighed on the broader economic and inflation outlook. President Donald Trump denied rumors of a potential pause in his sweeping tariff measures but expressed a willingness to enter negotiations with trade partners. Treasury Secretary Scott Bessent added that nearly 70 countries have reached out to the White House seeking tariff talks. However, tensions escalated as Trump threatened China with an additional 50% tariff if Beijing fails to remove its levies on US imports. In response,...
West Texas Intermediate (WTI) US Crude Oil prices attract some buyers on Tuesday following the previous day's US tariffs-led volatile price swings and currently trade just below mid-$61.00s, up over 1% for the day. The US Dollar (USD) attracts fresh sellers and stalls a two-day-old recovery from a multi-month low amid bets that a tariffs-driven US economic slowdown might force the Federal Reserve (Fed) to resume its rate-cutting cycle soon. This, in turn, is seen benefiting USD-denominated commodities and lending some support to Crude Oil prices. Apart from this, the uptick could be...
USD/CHF started Tuesday's Asian session (08/4) slightly lower, after a wild trading day on Monday, which saw it swing in the range of 0.8450–0.8673, and ended almost unchanged. At the time of writing, the major was trading at 0.8588, down 0.02%. The currency pair was trading near 0.8588 amid mixed sentiment, with investors eyeing US CPI as the next catalyst for direction The market mood was mixed, with one of the three US indices posting a positive day, while the Volatility Index (VIX) ended at 46.98, its highest level since March 2020. Tariffs continued to be the main driver, stoking...
Oil prices plunged 2% to a 4-year low on Monday on concerns that U.S. President Donald Trump's latest trade tariffs could push economies around the world into recession and dent global demand for energy. Brent crude futures fell $1.37, or 2.1%, to settle at $64.21 a barrel, while U.S. West Texas Intermediate crude futures fell $1.29, or 2.1%, to settle at $60.70. That pushed both crude benchmarks, which fell about 11% last week, to their lowest closes since April 2021. The trading session was marked by extreme volatility, with prices dropping more than $3 a barrel intraday overnight and...
Gold prices fell more than 2% on Monday, with investors turning to the dollar as a safe haven after broad U.S. tariffs raised fears of a global recession. However, analysts remained bullish on bullion given the challenging economic environment. Spot gold prices fell 2.4% to $2,963.19 an ounce by 1:36 p.m. ET (1736 GMT), after hitting a near four-week low of $2,955.89 earlier in the session. U.S. gold futures settled 2% lower at $2,973.60. "Gold prices fell as investors turned to cash and other safe havens such as the Swiss franc and Japanese yen amid market turmoil, which creates the risk...
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....