Renewed tensions between the United States and Russia have resurfaced following an incident involving an oil tanker, sparking market concerns about potential disruptions to global energy supplies. Washington's move, associated with tightening oversight and enforcement of sanctions on Russian oil shipments, is viewed by Moscow as provocative and could worsen relations between the two countries. Russia views these actions as an attempt by the United States to suppress Russian energy exports and strengthen its dominance in the global oil market. Meanwhile, Washington argues that these measures...
The US Dollar (USD) starts the week on a firmer note, extending its modest recovery since Thursday, as easing global trade tensions lift investor sentiment. Interestingly, the Greenback, which typically underperforms in a risk-on environment, is finding support despite improving risk appetite, underpinned by expectations that the Federal Reserve (Fed) will leave interest rates unchanged at its monetary policy decision on Wednesday. Notably, a flurry of trade agreements finalized last week is also acting as a tailwind for the Greenback, with the August 1 tariff deadline looming and keeping...
Gold is trading in a narrow range on Monday, as economic data, easing trade tensions, and the fragility of the US Dollar continue to influence price action. At the time of writing, Gold is trading near $3,310 per ounce, down from earlier highs near $3,345. A US–EU trade deal has been announced, easing tariff risks and reducing demand for safe havens. The deal lowers the baseline tariff on most EU goods to 15%, down from the previously proposed 30%, in exchange for improved market access for US firms in digital services, agriculture, and clean energy. The agreement, modeled on the US–Japan...
The US dollar (USD) started the week on a positive note, continuing its modest recovery since Thursday, as easing global trade tensions boosted investor sentiment. Interestingly, the greenback, which typically underperforms in a risk-on environment, found support despite improved risk appetite, bolstered by expectations that the Federal Reserve (Fed) will keep interest rates unchanged at its monetary policy decision on Wednesday. Notably, a series of trade agreements concluded last week also provided support for the greenback, with the looming August 1 tariff deadline keeping markets on...
Oil prices rose after President Donald Trump said he would shorten the deadline for Russia to agree to a ceasefire in Ukraine, adding to earlier gains from the U.S.-European Union trade deal. Brent oil prices approached $70 per barrel after closing 1.1% lower on Friday. Trump said the European Union had agreed to buy $750 billion worth of American energy products, although he and European Commission President Ursula von der Leyen appeared to disagree on some key details of the agreement. Later on Monday, Trump also said he would shorten the 50-day deadline he gave Vladimir Putin to reach a...
Gold prices held steady on Monday (July 28), with gains capped by improved risk sentiment following the trade deal between the United States and the European Union, while investors awaited the US Federal Reserve's policy meeting later this week. Spot gold was unchanged at $3,335.87 per ounce at 10:35 GMT, after hitting its lowest level since July 17 earlier. US gold futures were unchanged at $3,335.30 per ounce. Washington reached a trade framework agreement with the European Union in Scotland on Sunday, imposing 15% import tariffs on most EU goods – half the threatened tariffs – and...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
European stock indices closed marginally lower on Wednesday as equities took a breather from their recent strong momentum, while investors continued to assess the outlook for the ECB's policy this...
The upcoming Supreme Court ruling on the legality of President Donald Trump's massive tariffs, which rocked markets in April, is one of the next major tests for US stocks and bonds.
Equity markets...