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...
Oil prices fell about 1% on Wednesday, as a U.S. tariff policy change fueled uncertainty, prompting traders to weigh the potential impact of the U.S.-China trade war on economic growth and energy demand. Brent crude was down 66 cents, or 1.0%, at $64.01 a barrel by 0630 GMT, while U.S. West Texas Intermediate crude was down 69 cents, or 1.1%, at $60.64. Both benchmarks fell 0.3% on Tuesday. Global oil demand is expected to grow at its slowest rate in five years in 2025 and U.S. production growth is also set to ease, due to U.S. President Donald Trump's tariffs on trading partners and their...
Gold rose to a new high as U.S. President Donald Trump ordered an investigation that could open a new front in the global trade war, triggering a pullback from equities and a move into safe-haven assets. Bullion rose as much as 1.89% on Wednesday to rise above $3,291 an ounce for the first time, surpassing its previous all-time peak set on Monday. Traders were again caught off guard by a series of tariff headlines, with Trump launching an investigation into the need for levies on critical minerals. The precious metal has risen more than 20% this year and hit a series of record highs as the...
The USD/CHF pair attracted fresh sellers during the Asian session on Wednesday and eroded a major part of the previous day's modest recovery move. The spot prices fell back to mid-0.8100s in the last hour and remained within striking distance of a ten-year low touched last Friday amid a broadly weaker US Dollar (USD). In fact, the USD Index (DXY), which tracks the greenback against a basket of currencies, languished near its lowest level since April 2022 amid weakening confidence in the US economy. Further, bets that the Federal Reserve (Fed) will soon resume its interest rate-cutting cycle...
EUR/USD traded around 1.1340 during Asian hours on Wednesday (4/16), recovering from two consecutive sessions of declines. The pair found support from a more positive global risk sentiment, supported by US President Donald Trump's decision to exempt major technology products from his newly announced "reciprocal" tariffs. However, further upside for the Euro (EUR) may be limited as markets widely expect the European Central Bank (ECB) to cut interest rates by 25 basis points on Thursday. The move comes amid growing recession fears linked to US trade policy. The ECB has already cut interest...
Gold prices hit an all-time high on Wednesday as a weaker dollar, rising trade tensions and concerns over global economic growth boosted demand for safe-haven bullion. Spot gold rose 1.3% to $3,270.12 an ounce, as of 0319 GMT. It peaked at $3,275.20 an ounce earlier in the session. U.S. gold futures rose 1.4% to $3,286.30. "A combination of factors such as a weaker dollar and continued risk aversion are working in gold's favor," said Tim Waterer, chief market analyst at KCM Trade. The dollar index (.DXY), opens a new tab , fell 0.4% against its rivals, making gold more attractive to...
Silver (XAG/USD) prices moved higher after a recent decline, trading around $32.30 per troy ounce during the Asian session on Wednesday (4/16). The rise came as lingering uncertainty over US trade policy continued to fuel safe-haven demand for the precious metal. A weaker US Dollar (USD) also supported Silver prices, making the dollar-denominated asset more attractive to foreign buyers. The US Dollar Index (DXY), which measures the Greenback against a basket of six major currencies, was trading lower near 99.80 at the time of writing. Market attention now turns to the upcoming US Retail...
The Australian dollar (AUD) continued its uptrend against the US dollar (USD) for the sixth straight session on Wednesday (16/4), with the AUD/USD pair holding firm after the release of the Westpac Leading Australia Index. The index's six-month annualized growth rate, which estimates economic momentum relative to trend over the next three to nine months, eased to 0.6% in March from 0.9% in February. China's economy grew at an annualized rate of 5.4% in the first quarter of 2025, matching the pace seen in Q4 2024 and beating market expectations of 5.1%. On a quarterly basis, GDP rose by 1.2%...
Oil prices were flat on Wednesday morning, as changes in U.S. trade policy fueled uncertainty as markets assessed the potential impact of the U.S.-China trade war on economic growth and energy demand. Brent crude futures rose 5 cents, or 0.1%, to $64.72 a barrel by 0039 GMT, while U.S. West Texas Intermediate crude futures rose 3 cents, or 0.1%, to $61.36. Both benchmarks fell 0.3% on Tuesday. Global oil demand is expected to grow at its slowest rate in five years in 2025 and U.S. production growth is also set to ease, due to U.S. President Donald Trump's tariffs on trading partners and...
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....