United States (US) President Donald Trump and Russian President Vladimir Putin concluded an initial face-to-face meeting in Alaska late Friday, with both parties delivering mutually inconclusive statements. Trump and Putin both delivered vague promises of "progress" on multiple fronts, but initial details remain light. Now, President Trump will be pivoting to hand-delivering Russia's peace proposals on Ukraine to both the Ukrainian and European Union government bodies. Key Putin highlightsMeeting has been long overdue.Ukraine situation was one of key issues.Ukraine war is a tragedy, great...
AUD/USD maintained its constructive outlook well and sound, advancing for the fourth day in a row and surpassing the key barrier at 0.6300 the figure with certain conviction.The Australian Dollar (AUD) extended Friday's momentum, pushing AUD/USD above the key 0.6300 level at the beginning of the week. This advance was largely driven by a modest pullback in the US Dollar (USD) amid steady US-China trade tensions. Trade war effervescenceThe latest round of tariff moves has intensified fears of a global trade war. President Trump's announcement of tariffs ranging from 10% to 50% has sparked...
The US Dollar Index (DXY) recovered slightly in Monday's North American session after dropping to its lowest point since 2022. Trading around the 99.60 area, the index attempted to stabilize as investors reacted to signs of rising stagflation risks. The rebound came despite fresh US Dollar (USD) selling pressure that had driven EUR/USD and GBP/USD toward multi-month highs earlier in the day. While the market saw some relief after expanded exemptions on US reciprocal tariffs, concerns over inflation, consumer sentiment, and global trade frictions continued to dominate the landscape....
WTI crude oil futures hovered around $61 per barrel on Monday, fluctuating as news of potential looser restrictions on Iranian crude clashed with a temporary U.S. tariff reprieve. US-Iran nuclear talks, described as "constructive," raised hopes for higher Iranian oil exports, putting downward pressure on prices. However, OPEC revised its 2025–26 demand growth forecast down by 100,000 bpd, reflecting weaker consumption due to U.S. tariffs, though it still anticipates growth of 1.3 million bpd annually. Although President Donald Trump granted exclusions from steep tariffs on tech products...
The Pound Sterling (GBP) extends its winning streak for the fifth trading day against the US Dollar (USD) at the start of the week. The GBP/USD pair jumps to near 1.3200 in Monday's North American session as investors have dumped the US Dollar on the tit-for-tat tariff announcement between the United States (US) and China. The US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, declines to near 99.00, the lowest level seen in three years. US President Donald Trump's announcement of a 90-day pause on reciprocal tariffs last week has significantly...
Gold price started the week with a small bearish gap but managed to regain its traction during the Asian trading hours. After touching a new record-high of $3,245, XAU/USD entered a consolidation phase and declined toward $3,200. At the time of press, the pair was trading at $3,208, losing about 1% on the day. Gold price retreats as risk mood improves Gold gained nearly 2% on Friday as safe-haven flows dominated the action in financial markets after China announced that they raised additional tariffs on US imports to 125% from 84% in retaliation. Late Friday, US President Donald Trump's...