EUR/USD remains steady during the North American session on Friday, poised to end the week with modest gains of over 0.18% as traders brace for the next week's monetary policy decision by the Federal Reserve (Fed). At the time of writing, the pair trades at 1.1736, virtually unchanged. Euro ends week modestly higher as soft US data cements rate cut bets, narrowing policy divergence with ECB US economic data continued to drive price action on Friday as Consumer Sentiment in September deteriorated, while inflation expectations remain above the Fed's 2% goal. This, and the payrolls revision...
Oil was little changed after advancing last week, as traders weighed moves to crack down on Russian flows against forecasts for a surplus later in the year. Brent traded near $67 a barrel, after adding 2.3% last week, while West Texas Intermediate was below $63. US President Donald Trump reiterated calls that Europe must stop buying oil from Russia, after earlier saying that he's prepared to move ahead with "major" sanctions on crude supply from the OPEC+ member if NATO countries do the same. While most European countries have cut back or stopped purchasing Russian...
Gold edges lower in early morning Asian session on a likely technical correction after front-month Comex gold futures posted their longest winning streak since March 28, 2025 last week. "The market may face some price correction risks in the short term following its strong climb," Naga's Frank Walbaum says in an email. Investors could monitor this week's FOMC meeting as well as new economic data as these may affect the precious metal's direction, the market analyst adds. Spot gold is 0.1% lower at $3,637.95/oz. Source: Marketwatch
The dollar was steady in early Asian trading as US-China trade talks entered a second day, with investors focused on this week's Federal Reserve policy decision. The greenback was mixed against major currencies and US equity-index futures were little changed after the benchmark S&P 500 closed flat on Friday. Asian contracts signaled declines at the open, while Japan's markets are closed for a holiday. Oil edged lower after President Donald Trump urged Group of Seven allies to impose tariffs on India and China for buying Russian crude. The key question for...
Silver traded above $42 per ounce on Monday, staying close to 14-year highs as investors braced for an expected US Federal Reserve interest rate cut this week. Markets are pricing in about a 96% chance of a 25 basis point cut on Wednesday and roughly a 4% probability of a larger half-point move, following US data that signaled a cooling labor market and subdued inflation. Central banks in Canada and China are also expected to ease policy this week, while counterparts in Japan and the UK are likely to stand pat. On the geopolitical front, US and Chinese officials began talks in Madrid on...