OPEC on Tuesday raised its forecast for global oil demand next year and trimmed its forecast for growth in supply from the United States and other producers outside the wider OPEC+ group, pointing to a tighter market outlook. World oil demand will rise by 1.38 million barrels per day in 2026, the Organization of the Petroleum Exporting Countries said in a monthly report, up 100,000 bpd from the previous forecast. This year's expectation was left unchanged. Oil supply from countries outside the Declaration of Cooperation - the formal name for OPEC+ - will rise by about 630,000 barrels per...
Gold's price (XAU/USD) is starting to turn a bit lower on Wednesday in the US trading session after a very whipsaw start to the week. No big moves are expected until later this this Wednesday, as several traders sit on their hands until the Federal Reserve (Fed) interest rate decision later in the day. Lower US rates are often seen as beneficial for Gold to trade higher. Market expectations show the Fed will likely keep interest rates unchanged in the range of 4.25%-4.50%, so traders will rather focus on Fed Chairman Jerome Powell's comments on the central bank's policy outlook. And here,...
Pasangan USD/JPY bergerak turun mendekati 155,40 pada sesi Amerika Utara hari Rabu (29/1). Aset tersebut diperdagangkan dengan hati-hati meskipun Dolar AS (USD) berkinerja kuat menjelang keputusan kebijakan moneter Federal Reserve (Fed) pada pukul 19:00 GMT. Indeks Dolar AS (DXY), yang melacak nilai Greenback terhadap enam mata uang utama, menyentuh level tertinggi tiga hari mendekati 108,30. Indeks USD menguat karena para pedagang yakin bahwa Fed akan mengumumkan jeda dalam kebijakan ekspansif dan mempertahankan suku bunga tetap pada kisaran 4,25%-4,50%. Dalam tiga pertemuan kebijakan...
Oil prices fell on Wednesday, following a rise in U.S. crude inventories and easing concerns over Libyan supplies, while focus shifted to potential U.S. tariffs on Canadian and Mexican imports. Brent crude futures were down 59 cents, or 0.76%, at $77.90 a barrel by 0916 GMT, while U.S. crude futures were down 55 cents, or 0.75%, at $73.22. The White House said on Tuesday that U.S. President Donald Trump still plans to impose 25% tariffs on Canada and Mexico on Saturday. "Crude prices continue to follow the beat of Trump's tariff orchestra, with Canadian tariffs coming into effect on...
The US dollar has edged lower this week, and amid all the noise affecting financial markets, the foreign exchange market is primarily focused on tariff uncertainty, according to Bank of America Securities. At 8:20 a.m. ET (13:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was trading 0.3% higher at 108.045, but remains slightly lower on the week. Ahead of the presidential inauguration, market speculation that some broader tariff announcements would be on the agenda for "Day 1" sent the Dollar Index to its highest point in 2 years. Since...
Gold (XAU/USD) prices are trading broadly flat and steady around $2,760 at the time of writing on Wednesday (1/29) after a volatile start to the week. No major moves are expected, as some traders wait until the Federal Reserve (Fed) interest rate decision later in the day. Lower US interest rates are often seen as favorable for Gold to trade higher. Market expectations suggest that the Fed is likely to keep interest rates unchanged in the 4.25%-4.50% range, so traders would rather focus on Fed Chair Jerome Powell's comments on the central bank's policy outlook. And here, traders may be in...
U.S. President Donald Trump announced Monday evening on Truth Social that Israel and Iran have agreed to a "Complete and Total CEASEFIRE" following what he referred to as "THE 12 DAY...
Gold moved above $2600 on Monday during the Asian trading session. Currently, Gold is still struggling to capitalize on last week's modest recovery from a one-month low and is fluctuating.
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