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...
Gold steadied in Asian trading — after blowing through a series of record highs in the previous session — with rising economic and geopolitical risks supporting haven demand. Bullion held near $2,870 an ounce — having added 0.9% on Wednesday — after President Donald Trump said the US could take over Gaza, a comment that his aides sought to tone down, and that he wants to start working on a new nuclear deal with Iran. Washington is also expected to present a plan to end Russia's war on Ukraine next week. Worries about the fallout from the US-China trade...
The Australian Dollar (AUD) edges lower against the US Dollar (USD) following lower-than-expected Trade Balance data released on Thursday. Additionally, the AUD/USD pair receives downward pressure from risk-off sentiment amid rising fears over US-China trade tensions. Australia's trade surplus fell to 5,085M in December, missing the expected 7,000M and down from the previous surplus of 6,792M. Exports increased by 1.1% MoM, slowing from November's 4.2% rise, while imports surged 5.9% MoM, up from 1.4% in the prior month. Traders closely watch the ongoing trade war between the United States...
Oil steadied near the lowest this year as President Donald Trump's geopolitical positions and threats of tariffs on energy weighed on the outlook. West Texas Intermediate traded above $71 a barrel after falling 2.3% on Wednesday to cancel out all year-to-date gains, while Brent crude closed below $75. China is set to impose retaliatory tariffs on the US from Monday, igniting a trade war that could hurt global growth, while the US leader's proposal to take over Gaza was widely condemned. Investors have pulled out of crude and fuel markets since Trump's inauguration,...
USD/CHF loses ground as the US Dollar weakens for the third consecutive session on Wednesday.Safe-haven demand for the Swiss Franc rises due to escalating US-China trade tensions.Traders await Thursday's Swiss Unemployment Rate to gain further insight into the labor market.USD/CHF continues its decline for the second straight day, trading near 0.9030 during European hours on Wednesday. This downturn is primarily driven by a weaker US Dollar (USD), which is undergoing a technical correction. The US Dollar Index (DXY), which tracks the USD against six major currencies, remains under pressure...
DXY remains under pressure, testing 107.35 support despite upbeat ADP and S&P Global PMI data.ISM Services PMI disappoints, signaling weaker-than-expected service sector growth and moderating price pressures.US 10-year yield rebounds, hovering around 4.40% after touching a yearly low.The US Dollar Index (DXY), which measures the US Dollar (USD) against a basket of currencies, struggled to recover losses on Wednesday and declined against most major peers. Despite stronger than expected ADP Employment and S&P Global PMI data, the ISM Services PMI fell short of forecasts, casting doubt...
Aussie nears 0.6300 amid cautious optimism on Wednesday.Investors eye possible February rate cut from RBA.Mid-tier US data came in mixed and weighed on the USD.The Australian Dollar (AUD/USD) edges toward 0.6300, buoyed by mixed United States data that softened the Greenback and lifted broader risk assets. Nonetheless, anticipation of a dovish Reserve Bank of Australia (RBA) move next month tempers upside potential. Ongoing US-China trade tensions further cloud the outlook, restraining a more decisive rally in the Aussie.President Donald Trump's additional tariff on Chinese imports remains...
Silver price gives up a majority of intraday gains after the release of the upbeat US private employment data for January.Strong labor demand would force the Fed to maintain the status quo for longer.Investors expect the trade war would be limited between the US and China.Silver price (XAG/USD) surrenders almost its entire intraday gains and falls back to near $32.00 in Wednesday's North American session. The white metal faces selling pressure as the US Dollar (USD) attempts to gain ground on the back of upbeat United States (US) ADP Employment Change data for January. The US Dollar Index...
Gold rose further to surpass the $2,860 per ounce mark in February, a fresh record, tracking the gains for US Treasuries amid growing expectations of lower interest rates and lingering concerns of geopolitical risk and barriers to global trade. US services sector activity tracked by the ISM rose less than expected in January and prices faced by firms decelerated. Consequently, rate traders increased positions that reflect two rate cuts by the Federal Reserve this year, aligning with the last FOMC projections. Also, the ECB and the BoC lowered rates with the latter ending quantitative...
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....