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 USD/JPY pair faced heavy selling pressure, dropping to the 142.00 zone during North American trading hours on Monday (4/28). Investor caution has returned as broader trade optimism has eroded, boosting demand for the safe-haven Japanese yen. A temporary recovery in risk sentiment last week had pushed USD/JPY back to 144.00, but the start of the week has seen renewed yen strength ahead of key domestic and US events. Japanese markets remain closed on Monday for Showa Day, but attention is on the upcoming BoJ meeting where policymakers are expected to keep interest rates at 0.50%. However,...
The US Dollar (USD) weakened slightly on Monday (4/28) as markets kicked off a busy week, overshadowed by skepticism surrounding US trade policy. While US officials hinted at ongoing talks with Asian partners and "daily conversations" with China, Beijing reiterated that it was not engaged in negotiations, stressing the lack of winners in the tariff war. Against this backdrop, the US Dollar Index (DXY) traded slightly lower, around 99.33 at the time of writing. Optimism that US trade policy could eventually ease global tariffs is increasingly being viewed as misplaced. Analysts at Standard...
Brent crude oil prices fell more than $1 a barrel on Monday as economic concerns over the U.S.-China trade war weighed on demand. Brent crude futures settled at $65.86 a barrel, down $1.01, or 1.51%. U.S. West Texas Intermediate crude futures settled at $62.05 a barrel, down 97 cents, or 1.545%. Brent crude prices edged up in the previous two sessions, but ended Friday with a weekly loss of more than 1%. The U.S.-China trade war is dominating investor sentiment in driving oil prices, said analyst John Evans of brokerage PVM, overtaking nuclear talks between the U.S. and Iran and...
Gold prices reversed course and rose on Monday (4/28) as bargain hunting began, while market focus turned to developments in the U.S.-China trade war and a slew of economic data. Spot gold was up 0.4% at $3,332.59 an ounce by 12:09 p.m. ET (1609 GMT) after falling as much as 1.8% earlier in the session. U.S. gold futures were up 1.4% at $3,344.0. "We are starting to see the first signs of selling exhaustion," said TD Securities commodity strategist Daniel Ghali, adding that downside risks to gold are limited. "Western investors, particularly discretionary or macro funds, have been...
Gold prices dipped for a second straight session on Monday as U.S.-China trade tensions eased, and the market awaited data due this week. Spot gold was down 0.6% at $3,297.10 an ounce as of 09:27 a.m. ET (1327 GMT). U.S. gold futures rose 0.3% to $3,307.80. "Gold prices are still dealing with the improved optimism over a U.S.-China trade deal even though there is a lack of clarity," Zain Vawda, analyst at MarketPulse by OANDA, said. The hopes that tariff damage was being contained also kept global equity markets at their highest over three weeks. U.S. President Donald Trump says progress...
Oil prices were stable on Monday as investors weighed up uncertainty over trade talks between the U.S. and China, clouding the outlook for global growth and fuel demand, as well as the prospect of OPEC+ raising supply. Brent crude futures were down 15 cents, or 0.22%, at $66.72 a barrel, as of 1204 GMT. U.S. West Texas Intermediate crude shed 16 cents, or 0.25%, to $62.86 a barrel. Brent futures rose marginally in the previous two sessions, but nonetheless marked a week-on-week decrease of over 1% on Friday on concerns about the impact of tariffs on the global economy. The U.S.-China...
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, trades broadly flat on Monday just below the 100.00-marker. Over the weekend, United States (US) Treasury Secretary Scott Bessent said trade deal negotiations with several Asian countries are underway, while US Agriculture Secretary Brooke Rollins added that the Trump administration is having "daily conversations" with China over tariffs. However, China said on Monday that it is not engaged in trade negotiations with the US. The country reiterated that there are no winners in a...
The dollar held steady on Monday as investors waited warily on news of U.S. trade policy and braced for a week packed with economic data that may give a first glimpse of whether U.S. President Donald Trump's trade war is hitting home. At 143.69 yen and $1.1325 per euro the dollar has, for now, found a footing, while staying on course for its largest monthly fall in nearly 2-1/2 years as Trump has rattled confidence in the dependability of U.S. assets. It is down more than 4% on both the euro and the yen through April, though bounced at the end of last week on an apparent conciliatory shift...
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....