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 Australian Dollar (AUD) continues its winning streak for the third successive session on Thursday. The AUD/USD pair gained ground after the Reserve Bank of Australia (RBA) surprisingly decided to maintain the Official Cash Rate (OCR) at 3.85% earlier this week. RBA Governor Michele Bullock stated that inflation risks persist, driven by the elevated unit labor costs and weak productivity, which could push inflation above forecasts. Moreover, RBA Deputy Governor Andrew Hauser mentioned that the global economy is facing uncertainty. Hauser also stated that tariff effects on the global...
Gold rose to around $3,320 per ounce on Thursday, extending gains from the previous session, supported by a weaker dollar as investors continued to monitor trade developments and digested the latest FOMC minutes. Markets remain focused on a wave of tariff demand letters from President Trump, with Brazil the latest to face steep duties following earlier threats on copper imports and other countries—fueling concerns over broader trade disruptions. Meanwhile, minutes from the Fed's June meeting showed officials were divided on the timing and extent of potential interest rate cuts. While most...
The US dollar index fell to around 97.3 on Thursday, marking its second consecutive day of losses as investors pivoted toward riskier assets amid a broad rally in stocks and commodities. The greenback also came under pressure from a sharp drop in Treasury yields, driven by strong demand in Wednesday's 10-year note auction. On the policy front, minutes from the Federal Reserve's latest meeting revealed that most officials were open to cutting interest rates later this year. Despite the overall decline, the dollar surged more than 2% against the Brazilian real after President Donald Trump...
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $67.15 during the early Asian trading hours on Thursday. The WTI price loses ground amid concerns over weakening demand following a surprise increase in US crude inventories. US crude oil inventories rose last week for a second consecutive build, the biggest rise since January. The US Energy Information Administration (EIA) weekly report showed crude oil stockpiles in the US for the week ending July 4 rose by 7.070 million barrels, compared to an increase of 3.835 million barrels in the previous week. The market...
The US dollar (USD) maintained a solid position on Wednesday (July 9), although its momentum weakened slightly after a strong start to the day. The greenback opened on a slightly bullish note amid ongoing tariff tensions and cautious market sentiment. Investors remained cautious following US President Donald Trump's latest tariff threats and the extension of the deadline for reciprocal duties, which continued to dampen risk appetite and supported safe-haven funds flowing into the USD. The US Dollar Index (DXY), which measures the greenback against a basket of six major currencies, rose...
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...