Thursday, 14 August 2025
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RECENT NEWS
GBP/USD steadies near 1.2600, downside appears due to Trump's tariff threats

GBP/USD holds ground after registering losses in the previous two successive days, hovering around 1.2590 during the Asian session on Thursday. However, the pair faces pressure as concerns over tariffs from US President Donald Trump lent support to the US Dollar (USD). Trump has confirmed that a 25% tariff on pharmaceutical and semiconductor imports will take effect in April. Additionally, he reaffirmed that auto tariffs will remain at 25%, further escalating global trade tensions. Market participants are now focused on key US economic data, including weekly Initial Jobless Claims, the CB...

Oil prices ease after report of US crude inventories rise

Oil prices edged lower on Thursday after an industry report showed a build in U.S. crude stockpiles and as tariff concerns weighed on sentiment, falling back from gains made in the previous session on worries over supply disruptions in Russia. Brent futures were down 22 cents, or 0.29%, at $75.82 a barrel by 0135 GMT. U.S. West Texas Intermediate crude dropped 30 cents, or 0.42%, to $71.95. The March contract expires on Thursday and the more active April contract eased 0.26% to $71.84. Oil prices held near a one-week high on Wednesday. Besides the higher U.S. inventories, import tariffs...

Gold price trades with positive bias near record high on Trump's tariff threats

Gold price retains its bullish bias amid worries about Trump's tariffs and a global trade war.Sliding US bond yields weigh on the USD and lend additional support to the precious metal.The Fed's hawkish outlook could cap the XAU/USD pair amid slightly overbought conditions.Gold price (XAU/USD) attracts fresh buyers during the Asian session on Thursday and remains close to the record high touched the previous day. US President Donald Trump's fresh threat to impose tariffs on imported goods sparks concerns about a global trade war and continues to underpin demand for the safe-haven bullion....

The dollar index hovered around 107 on Thursday

The dollar index hovered around 107 on Thursday, struggling to find a clear direction as investors assessed the latest FOMC minutes and ongoing developments in trade policies. The minutes from the Federal Reserve's January meeting highlighted policymakers' focus on the need for more evidence of sustained disinflation, while also warning of inflation risks from potential shifts in trade, immigration, geopolitical disruptions, and strong household spending. The minutes echoed Chair Powell's previous statement that the Fed is in no hurry to cut rates further. In parallel, President Donald Trump...

XAG/USD holds gains near $33.00 due to increased safe-haven appeal

Silver price receives support from global uncertainties following fresh tariffs from US President Donald Trump.The latest FOMC Meeting Minutes emphasized needing more time to assess multiple factors before considering any rate adjustments.The grey metal found support from strong industrial demand driven by electrification and manufacturing.Silver (XAG/USD) rebounds from recent losses recorded in the previous session, trading around $32.80 per troy ounce during Asian hours on Thursday. The grey metal gains momentum due to its safe-haven appeal remains strong amid global uncertainties. US...