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 Australian Dollar (AUD) continues to decline for the second consecutive day against the US Dollar (USD) on Tuesday. The AUD/USD pair's weakness can be linked to tariff threats made by US President Donald Trump. The risk-sensitive AUD also faced challenges amid increased risk aversion due to news on growing momentum among US President Donald Trump's advisers to place 25% tariffs on Mexico and Canada as soon as February 1. President Trump announced plans on Monday evening to impose tariffs on imports of computer chips, pharmaceuticals, steel, aluminum, and copper. The goal is to shift...
Gold price slid over 1% late on Monday during the North American session, sparked by a broader market sell-off spurred by interest in Chinese AI company DeepSeek. The yellow metal has failed to gain traction as US Treasury bond yields plunge, though the Greenback pared some of its losses, yet below the 108.00 figure. The XAU/USD trades at $2,738 after hitting a daily high of $2,772 Source: FXStreet
AUD/USD declined at the start of the week towards 0.6270 as US Dollar (USD) gains evaporated following signs that United States (US) friction with Colombia could be cooling. Meanwhile, the Federal Reserve (Fed) is widely anticipated to keep interest rates unchanged this week, with traders searching for any insight into policymakers' stance amid ongoing calls from President Donald Trump for immediate cuts. The Australian Dollar (AUD), however, faces headwinds ahead of the release of domestic inflation data, which will determine the Reserve Bank of Australia's (RBA) February rate decision.The...
The Dollar Index remains under heavy pressure, slipping below 108.00 and testing the critical 107.00 level.New Home Sales in December beat estimates, rising to 698,000 units versus expectations of 670,000.President Trump's tariff threats on Colombia imports and Wednesday's Federal Reserve decision add uncertainty to the Dollar's trajectory.The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against a basket of currencies, continues to slide on Monday, breaking below the psychological 108.00 mark. Concerns over AI-related market valuation, combined with geopolitical...
Oil prices fell on Monday after the U.S. dropped an initial threat of sanctions against Colombia, easing immediate concerns about oil supply disruptions, although a show of force by U.S. President Donald Trump kept markets on edge. Brent crude was down 60 cents, or 0.8%, at $77.90 a barrel by 1300 GMT. U.S. West Texas Intermediate crude was down 57 cents, or 0.8%, at $74.09. Both benchmarks fluctuated between modest gains and losses in early trading. The U.S. quickly dropped plans to impose sanctions and tariffs on Colombia after the South American country agreed to take in migrants...
The pound (GBP) recovered all its intraday losses and rose above 1.2500 against the US dollar (USD) in the North American session on Monday (1/27). The GBP/USD pair bounced back as the US dollar weakened after investors digested concerns over US President Donald Trump imposing 25% tariffs on Colombia overnight. Over the weekend, President Trump threatened to impose tariffs on its South American trading partner for not allowing military flights carrying illegal immigrants into their territory. Trump later delayed the proposed tariffs after Colombia accepted his terms. The US Dollar Index...
The US Dollar Index (DXY), which tracks the performance of the US Dollar against a basket of six major currencies, weakened slightly and traded around 107.30 at the time of writing on Monday (27/1) despite some safe-haven inflows earlier during the Asian session. Markets were spooked after US President Donald Trump threatened to impose 50% tariffs on Colombian imports after the country refused to accept immigrants deported from the US over the weekend. Traders are now reassessing their earlier dovish stance on tariffs as it seems clear that tariffs will be used more as a leverage tool. On...
Gold (XAU/USD) prices fell below $2,770 at the time of writing on Monday (1/27) after a weekend full of headlines and a busy week of central bank interest rate decisions coming up. Over the weekend, markets understood why US President Donald Trump has been loosening up on the use of tariffs as a tool. It appears that tariffs will be used as leverage, for example, for countries that refuse to accept deported US immigrants who are being taken back to their home countries. Colombia felt the impact on Sunday when President Trump ordered emergency tariffs of 25%, and increased to 50% within a...
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....