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...
The U.S. dollar slips lower Wednesday adding to the previous session's sharp losses, as a cooler-than-expected U.S. consumer inflation release bolstered the case for further interest rate cuts. At 04:00 ET (08:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, fell 0.3% to 100.560, following a 0.8% slide on Tuesday. Dollar steadies after hefty drop U.S. consumer price index inflation was weaker than expected last month, according to data released Tuesday, alleviating some fears about the impact of the Trump trade tariffs. This hit the dollar...
Oil prices fell on Wednesday as traders eyed a potential surge in U.S. crude inventories, although prices held near two-week highs amid optimism after the United States and China agreed to temporarily lower their tit-for-tat tariffs. Brent crude futures fell 39 cents, or 0.6%, to $66.24 a barrel by 0400 GMT. U.S. West Texas Intermediate (WTI) crude futures fell 36 cents, or 0.6%, to $63.31. Both benchmarks had risen more than 2.5% in the previous session. The world's two largest economies agreed on Monday to pause their trade war for at least 90 days, with the United States cutting tariffs...
Gold fell on Wednesday as a de-escalation in US-China trade tensions dampened safe-haven demand, while markets eyed another batch of inflation data to gauge the Federal Reserve's policy path. Spot gold was down 0.7% at $3,226.11 an ounce, as of 0430 GMT. US gold futures were down 0.6% at $3,229.50. "The positive developments in US trade policy (are) dampening the appeal of gold in the short term," said Kyle Rodda, financial markets analyst at Capital.com. "I think if we see continued progress in trade negotiations and deals being done between the US and its trading partners, gold could...
Silver (XAG/USD) extended its previous day's retracement slide from the $33.20-$33.25 resistance zone and triggered some follow-through selling during the Asian session on Wednesday (5/14). The white metal dropped to a fresh intraday low, around the $31.60 area in the last hour, although the mixed technical setup warrants caution before positioning for deeper losses. Against the backdrop of a decent recovery from the $28.45 area, or the YTD trough touched in April, the recent price action along a three-week-old descending channel constitutes the formation of a bullish flag pattern. However,...
GBP/USD traded around 1.3300 during the Asian session on Wednesday (5/14), steadying after posting more than 1% gains in the previous session. However, the pair's gains may be limited as the British Pound (GBP) faces headwinds from declining employment and slowing wage growth in the UK, factors that could strengthen expectations for further interest rate cuts by the Bank of England (BoE). This week, market participants are bracing for increased volatility in the Pound Sterling, with the release of the UK's preliminary Q1 GDP and Industrial and Manufacturing Production data on Thursday. The...
The Japanese Yen (JPY) remained firmer against its US counterpart for the second straight day on Wednesday and reacted little to a mostly in-line Producer Price Index (PPI). Bank of Japan (BOJ) Deputy Governor Shinichi Uchida's aggressive comments on Tuesday opened the door for further policy normalization and continued to act as a tailwind for the JPY. The US Dollar (USD), on the other hand, continued to weaken on Tuesday's softer US consumer inflation figures, which raised bets that the Federal Reserve (Fed) will cut interest rates at least twice this year. This was seen as another factor...
The Australian dollar (AUD) continued its gains against the US dollar (USD) on Wednesday (5/14) after posting a gain of more than 1.50% in the previous session. The AUD/USD pair strengthened as the US dollar weakened following weaker-than-expected US inflation data. The seasonally adjusted Australian Wage Price Index rose 3.4% year-on-year in Q4 2025, up from a 3.2% increase in Q4 2024 and beating market expectations of a 3.2% increase. This marked a recovery from the previous quarter, which recorded the slowest wage growth since Q3 2022. On a quarterly basis, the index rose 0.9% in Q1,...
The US dollar index held around 100.9 on Wednesday, after falling nearly 1% in the previous session, pressured by weaker-than-expected inflation data that only hinted at a limited impact from President Donald Trump's tariffs. The data released Tuesday showed headline inflation eased to 2.3% in April, the lowest level since February 2021, and slightly below market expectations of 2.4%. On the trade front, markets continued to assess the implications of a temporary lifting of US-China tariffs, which would see tariffs reduced to 30% and 10%, respectively, over a 90-day period. The easing...
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....