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 rebounds from lows, benefiting from safe-haven demand amid Trump's trade stance and US stock volatility.New Treasury Secretary Bessent proposes 2.5% starting tariffs; Trump seeks higher, escalating trade war fears.Markets cautious ahead of FOMC meeting; Fed likely to hold rates, monitoring trade policies and economic signals Gold prices bounced off after refreshing four-day lows and rose on Tuesday as United States (US) equities recovered following Monday's sell-off, while the precious metal benefited from safe-haven flows. Trade comments by US President Donald Trump keep investors...
Gold prices bounced off after refreshing four-day lows and rose on Tuesday as United States (US) equities recovered following Monday's sell-off, while the precious metal benefited from safe-haven flows. Trade comments by US President Donald Trump keep investors nervous, which turned to the yellow metal, as XAU/USD is seen changing hands at $2,763, up by 0.88% at the time of writing.Scott Bessent, appointed by Trump as US Treasury Secretary, was approved by the Senate. He said that he supports universal tariffs on imports, which would start at 2.5% and could be gradually increased. However,...
Oil prices edged down on Tuesday, extending the previous day's losses, as concerns over disruption to Libyan oil loadings eased.Fears of weaker demand linked to soft economic data from China and rising temperatures elsewhere also pressured prices.Brent crude oil futures were down 11 cents, or 0.14%, at $76.97 per barrel. U.S. West Texas Intermediate crude futures were down 9 cents, or 0.12%, at $73.08.Brent settled on Monday at its lowest since Jan. 9, while WTI hit its lowest since Jan. 2. In Libya, local protesters prevented crude oil loadings on Tuesday at Es Sider and Ras Lanuf ports,...
The USD/CHF pair rebounds strongly, slightly above the key hurdle of 0.9050 in Tuesday's North American trading hours after a two-week-long correction to near 0.8965. The Swiss Franc pair strengthens as the US Dollar (USD) resumes its upside journey in a jittery market environment. The US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, soars to near 108.00. Investors rushed to the US Dollar as global technology stocks melted down on the assumption that Chinese DeepSeek's low-cost Artificial Intelligence (AI) model would reduce the technology gap between...
The Pound Sterling (GBP) faces pressure against its major peers in Tuesday's North American session. The British currency trades cautiously despite United Kingdom (UK) Prime Minister Keir Starmer's positive commentary on the economic outlook in an interview with Bloomberg on Tuesday. Starmer said that the number one priority of the Labour government is "growth" and the economy is starting to "turn around." On the outlook of trade relations with the United States (US), Starmer commented: "We've got a huge amount of trade between our two countries already and the base is there for even better...
The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, extended its gains on Tuesday, consolidating above the psychological 108.00 level. Market sentiment soured after renewed concerns over tariffs and weak US economic data, including lower-than-expected Durable Goods Orders and declining Consumer Confidence. Despite these headwinds, the DXY managed to hold above its recent lows, signaling some resilience.Treasury Secretary Scott Bessent proposed incremental tariffs on all US imports, starting at 2.5%, triggering risk aversion in...
WTI crude rose more than 1% to $74 a barrel on Tuesday, boosted by supply risks in Libya despite concerns over potential U.S. trade tariffs. Protesters have demanded the closure of two key Libyan ports, Ras Lanuf and Es Sider, threatening significant disruptions to crude exports. The shutdown could affect hundreds of thousands of barrels starting Tuesday. Meanwhile, President Trump has expressed support for higher tariffs of 2.5% on foreign-made goods, including steel, aluminum and copper. This follows a 2% drop in crude prices on Monday due to weak Chinese manufacturing data and global...
The USD/CHF pair rebounded strongly, edging above the key hurdle of 0.9050 during the North American trading hours on Tuesday (1/28) after a two-week correction near 0.8965. The Swiss Franc pair strengthened as the US Dollar (USD) continued its upward journey amid a nervous market environment. The US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, surged near 108.00. Investors rushed to the US Dollar as global technology stocks slumped on the assumption that China's DeepSeek's low-cost Artificial Intelligence (AI) model will narrow the technology gap...
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....