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...
The U.S. dollar fell on Tuesday, nearing a one-week low following a report that President-elect Donald Trump's tariffs could be less aggressive, while the euro strengthened ahead of key inflation data. At 4:25 a.m. ET (09:25 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was trading 0.3% lower at 107.775, after falling overnight to its weakest since Dec. 30. Dollar remains weaker The dollar has weakened since the Washington Post published a report on Monday that the new Trump administration is exploring plans to limit tariffs on sectors deemed...
The USD/CHF pair traded on a weaker note around 0.9040 during the early European trading hours on Tuesday (1/7). The US dollar (USD) weakened amid confusion over President-elect Donald Trump's tariff plans. Investors will be watching how aggressive Trump's policies will be once he takes office. On Tuesday, the preliminary reading of the Eurozone Harmonized Index of Consumer Prices (HICP) for December will be released. However, the cautious stance of US Federal Reserve (Fed) officials could help limit the USD's losses. Fed Governor Lisa Cook said on Monday that Fed policymakers could be more...
Silver prices rose above $30 an ounce on Tuesday ( 7/1), hitting a nearly three-week high as the U.S. dollar weakened following reports that the new Trump administration may take a more targeted approach to tariffs. However, President-elect Donald Trump denied the reports, prompting caution among market participants. Looking ahead, investors are focused on key U.S. labor market data this week to assess the outlook for Federal Reserve monetary policy, which could influence the direction of the dollar. Silver is also getting support from a positive economic outlook in China, the world's...
Oil prices fell on Tuesday (7/1), extending losses into a second straight session after rallying last week, although concerns about tighter Russian and Iranian supplies amid expanding Western sanctions kept the decline at bay. Brent crude futures edged down 8 cents, or 0.1%, to $76.22 a barrel by 0452 GMT, while U.S. West Texas Intermediate (WTI) crude fell 15 cents, or 0.19%, to $73.42. Both benchmarks fell on Monday, after rising for five straight days last week and ending at their highest since October on Friday amid expectations of further fiscal stimulus to revitalize China's...
EUR/USD continued its uptrend for the third straight session, trading around 1.0400 during Asian hours on Tuesday (7/1). The EUR/USD pair's uptrend was attributed to a weaker US Dollar (USD). Later in the day, the US ISM Services Purchasing Managers' Index (PMI) will be released. On Wednesday, the market will focus on the Minutes of the Federal Reserve's (Fed) December policy meeting. The US Dollar Index (DXY), which tracks the USD against a basket of six major currencies, remained under pressure for the third straight session, trading near 108.20 at the time of writing. However, the...
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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