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 dollar index climbed above 97.3 after a stronger-than-expected June jobs report helped ease concerns over the health of the US labor market, despite lingering uncertainty surrounding trade policy. The US economy added 147,000 jobs in June, up from 144,000 in May and well above market forecasts of 110,000. Meanwhile, the unemployment rate unexpectedly dipped to 4.1%, defying expectations of a rise to 4.3%. Average hourly earnings increased by 0.2%, slightly below the projected 0.3%. Source: Trading Economi
The EUR/USD pair is practically flat on Thursday, trading right below 1.1800 at the time of writing, not far from the multi-year highs reached earlier this week. Investors' appetite for risk is fading as optimism about the US deal with Vietnam gives way to caution heading into the US Nonfarm Payrolls (NFP) data release. In the Eurozone, June's services activity was revised higher to 50.5 from the previously estimated 50.0 reading. These figures reveal that the sector grew again in the last month, following a slight contraction in May. The impact of the data in the Euro, however, has been...
Gold price (XAU/USD) holds onto gains near the weekly high around $3,365 during the European trading session on Thursday. The yellow metal trades firmly ahead of the United States (USD) Nonfarm Payrolls (NFP) data for June, which will be published at 12:30 GMT. Investors will closely monitor the US NFP data as a few Federal Reserve (Fed) officials have expressed concerns regarding the labor market strength. Also, market experts believe that US business owners are reluctant for fresh hiring amid uncertainty surrounding the tariff policy imposed by President Donald Trump after his return to...
Oil prices fell on Thursday after gaining 3% in the previous session as investors are wary higher U.S. tariffs may be reinstated, which could cause lower fuel demand, and as major producers are expected to announce an output hike. Brent crude futures fell 45 cents, or 0.65%, to $68.66 a barrel by 0645 GMT. U.S. West Texas Intermediate crude declined 44 cents, or 0.66%, to $67.01 a barrel Both contracts rose to their highest in one week on Wednesday as Iran suspended cooperation with the U.N. nuclear watchdog, raising concerns the lingering dispute over the Middle East producer's nuclear...
The British pound edged higher toward $1.37, partially recovering from Wednesday's decline, as markets reacted positively to Prime Minister Keir Starmer's strong backing of Chancellor Rachel Reeves. Starmer defended Reeves amid speculation about her future, attributing her emotional moment to a "personal matter" and affirming she would remain chancellor "for a very long time to come." His remarks helped ease investor concerns that a potential replacement might be less committed to fiscal discipline and more inclined toward increased borrowing. Meanwhile, traders also digested comments from...
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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