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...
Silver prices rose nearly 1% to around $32.80 per ounce on Monday, bouncing back from the previous session's losses as a weakening US dollar reignited safe-haven demand. The greenback came under pressure amid escalating concerns over US economic policy direction and the independence of the Federal Reserve. Investor anxiety intensified after President Donald Trump threatened to fire Fed Chair Jerome Powell, raising fears of political interference in monetary policy and undermining confidence in the central bank's autonomy. Adding to the risk-off mood were heightened US-China trade tensions,...
The dollar index fell to 98.2 on Monday, the lowest since February 2022, as concerns over the Federal Reserve's independence weighed on the greenback. On Friday, National Economic Council Director Kevin Hassett revealed that President Trump is exploring the possibility of firing Fed Chair Jerome Powell. A day earlier, Trump posted on social media that Powell's removal "cannot come fast enough," while intensifying pressure on the central bank to cut interest rates. Such remarks have fueled worries about the politicization of US monetary policy, potentially undermining the Fed's credibility...
Silver (XAG/USD) attracts some dip-buyers at the start of a new week and touches an intraday high, around the $32.80 region during the Asian session. The white metal, however, remains below the $33.00 mark and a nearly two-week high touched last Thursday, warranting some caution for bullish traders. Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and...
Oil prices fell more than 1.5% on Monday as investors once again focused on concerns U.S. tariffs on its trading partners will create economic headwinds that will reduce fuel demand growth. Brent crude futures slipped $1.10, or 1.6%, to $66.86 a barrel at 0255 GMT after closing up 3.2% on Thursday. U.S. West Texas Intermediate crude was at $63.57 a barrel, down $1.11, or 1.7%, after settling up 3.54% in the previous session. Thursday was the last settlement day last week because of the Good Friday holiday. "The broader trend remains tilted to the downside, as investors may struggle to find...
USD/CHF pair dropped to 0.8069 during Monday's Asian session, marking its lowest level since September 2011, and is trading around 0.8090. The US Dollar (USD) remains under pressure, weighed down by growing fears of economic fallout from the recently imposed US tariffs. The US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, has fallen over 1% to around 98.30—its weakest level since April 2022. Adding to the pressure, the yield on 2-year US Treasury bonds slid more than 1%, now hovering at 3.75%, reflecting investor caution. Federal Reserve (Fed)...
Gold price prints a fresh record high above $3,380 in the Asian session on Monday, within reach of the $3,400 level. Uncertainty about US President Donald Trump's tariff policies and concerns over the Fed's independence continue to drive safe-haven flows into Gold price. Following a brief corrective pullback on Friday due to profit-taking ahead of the Easter weekend, Gold buyers are back with a bang early Monday. The bright metal resumes its record run, targeting the $3,400 threshold as the US Dollar (USD) is smashed to a three-year low against its major currency rivals on heightened risk of...
West Texas Intermediate (WTI) US Crude Oil prices kick off the new week on a weaker note and for now, seems to have snapped a two-day winning streak to a near two-week high – levels just above the $64.00 mark touched on Friday. The commodity currently trades around the $62.80 region, down nearly 1.5% for the day, and is pressured by easing supply disruption fears. The progress toward a US-Iran nuclear deal raised expectations that the return of Iranian oil to global markets would increase supply, which, in turn, is seen undermining the black liquid. In fact, The US and Iran agreed on...
The Japanese yen strengthened past 141 per dollar on Monday, marking a seven-month high as the dollar weakened amid rising concerns over the Federal Reserve's independence. The move followed reports that the White House is exploring the possibility of removing Fed Chair Jerome Powell, with President Donald Trump growing increasingly frustrated over the Fed's reluctance to cut interest rates. On the trade front, Japan is reportedly considering boosting imports of soybeans and rice as a concession in ongoing tariff negotiations with the US. American officials have criticized Japan for market...
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....