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 prices rose above $2,720 an ounce on Tuesday (1/21), extending gains from the previous session as investors remained focused on the potential impact of U.S. President Donald Trump's policies during his second term. Trump said he may impose 25% tariffs on Mexico and Canada starting early next month, although he did not provide a timetable for China tariffs. Those tariffs, if enacted, could trigger a trade war, boosting demand for safe haven assets like bullion. At the same time, investors are weighing inflation risks, as Trump's agenda of tax cuts and increased government spending could...
EUR/USD remains in negative territory after paring recent losses, trading around 1.0380 during Asian hours on Tuesday (1/21). The euro (EUR) remains under pressure as dovish expectations for the European Central Bank (ECB) continue to dominate. Markets are pricing in a 25 basis point (bps) interest rate cut at each of the next four ECB policy meetings, driven by concerns over the Eurozone economic outlook and the belief that inflationary pressures will remain subdued. These dovish bets have increased due to growing confidence that Eurozone inflation will return sustainably to the ECB's 2%...
WTI crude oil prices rose to around $76.8 a barrel on Tuesday (21/1), as traders digested a series of executive orders from U.S. President Donald Trump following his inauguration. Among them was a plan to impose 25% tariffs on imports from Mexico and Canada starting Feb. 1, tempering investor expectations of a delay. However, Trump delayed announcing specific levies on China, the world's largest oil importer, keeping markets on edge. Traders also awaited further details on sanctions targeting major oil exporters, including Russia, Iran and Venezuela. On Monday, crude prices fell more than...
The Australian dollar (AUD) pared its recent gains on Tuesday (21/1) after a strong performance in the previous session. However, the AUD/USD pair strengthened as the US dollar (USD) weakened, with traders looking at US President Donald Trump's economic policy updates, particularly on tariffs. The S&P/ASX 200 Index rose to nearly 8,400 on Tuesday, hitting its highest level in six weeks. The rally came after Donald Trump's second-term inauguration, as markets reacted positively to his decision not to announce new tariffs. Traders are increasingly anticipating that the Reserve Bank of...
The dollar index rose to around 108.5 on Tuesday (21/1), recovering some of the previous session's losses after U.S. President Donald Trump said he was considering 25% tariffs on Canada and Mexico as early as Feb. 1, citing concerns about illegal immigration at the U.S. border. Trump also mentioned China but did not provide further details. The dollar has gained momentum since October, driven in part by concerns that Trump's "America First" policies and pro-growth stance could spur inflation, which in turn could discourage the Federal Reserve from cutting interest rates further. However,...
West Texas Intermediate (WTI), the U.S. crude benchmark, was trading around $76.15 on Tuesday (21/1). WTI prices attracted some sellers as traders awaited a series of executive orders from U.S. President Donald Trump after his inauguration. Trump announced on Monday that he would immediately declare a national energy emergency, vowing to fill the strategic reserve and use the authority to quickly approve new oil, gas and power projects that typically take years to obtain permits. The Trump administration will push for more oil and gas production and consumption in the United States, which...
The Pound Sterling (GBP) surges to near 1.2320 against the US Dollar (USD) in Monday's North American Session. The GBP/USD pair strengthens as the US Dollar nosedive soon after reports from the Wall Street Journal (WSJ) showed that there won't be tariff hikes on the first day of President Donald Trump at the White House. The US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, plummets to near 108.30According to the WSJ, the presidential memo directs federal agencies to study trade policies and evaluate US trade relationships with China and America's...
Gold prices steadied Monday as traders cautiously awaited US President-elect Donald Trump's inauguration speech, anticipating insights into his administration's policies and potential signals on future interest rates.Traders brace for volatility with incoming Trump administrationGold traders are bracing for increased volatility as Trump begins his second term, with his anticipated policy announcements expected to influence market dynamics. The precious metal, traditionally viewed as a safe-haven asset, has seen prices stabilize near a one-month peak, bolstered by subdued US inflation data...
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....