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 WAR." According to Trump's post, the ceasefire will begin approximately six hours after his announcement, when both nations have "wound down and completed their in progress, final missions." The agreement stipulates a 12-hour initial ceasefire period initiated by Iran, followed by Israel joining the ceasefire at the 12th hour. Trump stated that upon the 24th hour, there will be an "Official END" to the...
EUR/USD recovered some of its losses from the previous session, trading near 1.0280 during Asian hours. However, the pair's gains may remain capped as the US Dollar (USD) could strengthen amid market caution ahead of President-elect Donald Trump's inauguration later today. US markets will remain closed on Monday for the Martin Luther King Jr. holiday. Concerns over Trump's policy promises—such as imposing tariffs, extending tax cuts, and deporting illegal immigrants—have fueled a rise in US Treasury yields and supported the US Dollar ahead of his inauguration. Analysts suggest that the...
Gold (XAU/USD) prices extended its decline to near $2,695 during the early Asian session on Monday (1/20). A stronger US dollar (USD) ahead of President-elect Donald Trump's inauguration exerted selling pressure on the yellow metal. Analysts expect gold prices to face volatility ahead of Trump's inauguration. Traders will be watching developments surrounding potential trade policies. Any aggressive comments from Trump on using trade tariffs to support the US manufacturing sector could lift the greenback and weigh on the USD-denominated commodity. However, last week's weaker-than-expected...
Oil prices rose in early Asian trade on the prospect of fresh supply disruptions, ANZ research analysts said in a commentary. New US sanctions on Russia's oil industry prompted many buyers to look for alternatives, analysts said. However, the recent gains may be short-lived as Trump has vowed to end the Russia-Ukraine war soon, analysts added. In the short term, the market is also eyeing cold weather in the Permian Basin, a major shale oil producer in Texas, they said. Front-month WTI crude rose 0.5% to $78.35/bbl; front-month Brent crude rose 0.5% to $81.17/bbl. Source: Dow Jones Newswires
Gold edged down after three days of gains mid-afternoon Friday as the dollar rebounded from two days of losses that followed on soft U.S. economic data that spurred hopes for faster interest-rate cuts from the Federal Reserve. Gold for February delivery was last seen down US$0.90 to US$2,750.00 per ounce. U.S. economic data this week showed core inflation and retail sales were softer than expected in December, reviving hopes the Federal Reserve will speed rate cuts, though the central bank is widely expected to leave rates unchanged at the Jan.29 end to the next meeting of its policy...
WTI crude oil futures declined 1% to settle at $77.89 per barrel and Brent crude oil futures fell 0.6% to settle at $80.79 per barrel on Friday, driven by expectations of a ceasefire agreement in Gaza, which could reduce attacks on ships by Yemen's Houthi militia. Despite this drop, oil prices marked a fourth consecutive week of gains, rising more than 1%, primarily fueled by concerns over new U.S. sanctions targeting Russian oil producers and tankers, raising fears of tighter global oil supplies. Analysts highlighted that these concerns, coupled with expectations of U.S. interest rate...
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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