Gold Price Climbs Steadily, Eyes Record High Amid Trade War Concerns
Gold (XAU/USD) extends its intraday rally, reaching the $2,880 region during the Asian session on Monday. The gains come in response to US President Donald Trump’s plan to impose new 25% tariffs on all steel and aluminum imports, reigniting fears of a global trade war and driving demand for the safe-haven precious metal. Additionally, concerns […]
Australian Dollar Declines as US Dollar Holds Gains Ahead of Jobless Claims
The Australian Dollar (AUD) fell against the US Dollar (USD) on Thursday as trade balance data came in below average than expected. Furthermore, risk-off sentiment, fueled by rising US-China trade tensions, weighs on the AUD/USD. In December, Australia’s trade surplus fell to $5,085 million, falling short of the 7,000 million anticipated and down from $6,792 […]
Australian Dollar Slides Amid Rising Odds of RBA Rate Cuts, Fed Decision in Focus
The Australian Dollar (AUD) extends its losing streak for a third consecutive session against the US Dollar (USD), weighed down by softer-than-expected inflation data from Australia. Australia’s Consumer Price Index (CPI) rose by 0.2% quarter-on-quarter in Q4 2024, matching the previous quarter but missing the expected 0.3%. On an annual basis, CPI eased to 2.4% […]
Gold Price Consolidates Below $2,750 Amid Mixed Market Signals
Gold prices (XAU/USD) continue to trade within a narrow range near the $2,740 level during early European trading on Tuesday. The market remains influenced by conflicting factors, leaving traders hesitant to make strong directional moves. US President Donald Trump’s renewed trade tariff threats have sparked inflationary concerns, driving a modest rebound in US Treasury bond […]
WTI Falls Near $75.50 as Trump Plans to Boost Output and Impose Tariffs
West Texas Intermediate (WTI), the benchmark for US crude oil, is trading near $75.55 on Wednesday, retreating as US President Donald Trump announces plans to expand domestic oil and gas production and impose tariffs on key trading partners. On Monday, Trump declared a national energy emergency, granting authority to fast-track approvals for oil, gas, and […]
WTI Steadies Near $69.00 Amid Mixed Signals from Geopolitical Risks and US Crude Inventory Build
WTI Steadies Near $69.00 Amid Mixed Signals from Geopolitical Risks and US Crude Inventory Build West Texas Intermediate (WTI), the US benchmark for crude oil, is trading near $68.95 during Thursday’s session, maintaining a steady stance amid conflicting market drivers. A modest build in US crude inventories and weak Chinese demand weigh on prices, while […]
EUR/USD Nears 1.0550 but Faces Pressure Amid Safe-Haven Demand
EUR/USD Nears 1.0550 but Faces Pressure Amid Safe-Haven Demand The EUR/USD pair has edged higher, trading around 1.0550 during Thursday’s Asian session, following losses in the previous session. However, upside momentum remains limited as safe-haven flows gain strength due to escalating geopolitical tensions between Russia and Ukraine. According to Reuters, Ukraine deployed British Storm Shadow […]
Gold Price Holds Steady Near Record High, Awaits US Macro Data for Direction
Gold Price Holds Steady Near Record High, Awaits US Macro Data for Direction Gold price (XAU/USD) remains robust as it approaches the European session on Tuesday, trading just above the $2,750 mark and close to last week’s all-time high. Geopolitical risks and political uncertainties in the US continue to boost demand for the safe-haven metal. […]
WTI Struggles Below $70 Amid Demand Concerns and USD Strength
WTI Struggles Below $70 Amid Demand Concerns and USD Strength West Texas Intermediate (WTI) crude oil prices are hovering just below the $70.00 mark during Tuesday’s Asian session, remaining in a tight range around $69.70-$69.75. The commodity has struggled to build on the previous day’s modest gains and stays near the three-week low it touched […]
WTI Inches Higher to $70.50 Amid US Oil Stock Decline
WTI Inches Higher to $70.50 Amid US Oil Stock Decline West Texas Intermediate (WTI) crude oil prices continue to rise for the second consecutive day, trading around $70.40 per barrel during Friday’s Asian session. The upward momentum in oil prices is primarily driven by an unexpected drop in US crude oil inventories. The Energy Information […]
Crude Oil Steadies as Markets Monitor Middle East Tensions and China’s Economic Outlook
Crude Oil Steadies as Markets Monitor Middle East Tensions and China’s Economic Outlook Crude oil prices stabilized on Thursday after a four-day losing streak that resulted in a nearly 7% weekly drop. The market has found a temporary floor, with traders weighing geopolitical risks, particularly doubts over whether Israeli Prime Minister Benjamin Netanyahu will honor […]
Japan Stocks Climb as Nikkei 225 Gains 2.01% at Close
Japan Stocks Climb as Nikkei 225 Gains 2.01% at Close Japanese stocks ended higher on Thursday, led by strong performances in the Mining, Chemical, Petroleum & Plastic, and Real Estate sectors. The Nikkei 225 index surged by 2.01%, marking a strong session. Top performers of the day included M3 Inc. (TYO:2413), which saw an impressive […]
WTI Crude Oil Steady Near $69.50, Limited Downside Due to Rising US Oil Demand
WTI Crude Oil Steady Near $69.50, Limited Downside Due to Rising US Oil Demand West Texas Intermediate (WTI) crude oil prices remained subdued, hovering near $69.60 per barrel during Thursday’s Asian session. However, the downside appears limited as strong US fuel demand and shrinking stockpiles provide support. The US Energy Information Administration (EIA) reported a […]
Intel Leads Dow Jones as Top Gainer Amid $5 Billion Apollo Investment Rumors
Intel Leads Dow Jones as Top Gainer Amid $5 Billion Apollo Investment Rumors Intel (INTC) emerged as the top performer in the Dow Jones Industrial Average (DJIA) on Monday, outperforming major companies like Visa (V), Walmart (WMT), and Boeing (BA). The semiconductor giant’s shares surged by 3.3% on reports that Apollo Global Management is in […]
USD/CAD Weakens Near 1.3500 as Fed’s Powell Signals Possible Interest Rate Cut in September
USD/CAD Weakens Near 1.3500 as Fed’s Powell Signals Possible Interest Rate Cut in September The USD/CAD pair is experiencing selling pressure around the 1.3510 level on Monday during Asian trading hours. The US Dollar (USD) is edging lower after Federal Reserve (Fed) Chair Jerome Powell indicated that the time for interest rate cuts may be […]
Gold Price Awaiting US Macro Data for Potential Gains
Gold Price Awaiting US Macro Data for Potential Gains Gold prices (XAU/USD) saw a decline on Wednesday as investors adjusted their expectations for the Federal Reserve’s (Fed) policy after the release of US consumer inflation data. However, persistent geopolitical tensions in the Middle East, expectations of the Fed initiating a rate-cutting cycle soon, and a […]
Gold Prices Slip as Recession Fears Diminish, Set for Weekly Losses
Gold Prices Slip as Recession Fears Diminish, Set for Weekly Losses Gold prices dipped in Asian trading on Friday, weighed down by positive U.S. labor data that boosted risk appetite and reduced demand for safe-haven assets. This decline put the yellow metal on track for weekly losses. In the industrial metals sector, copper prices also […]
Topix and Nikkei Hit Record Highs in Japan Stock Rally
Topix and Nikkei Hit Record Highs in Japan Stock Rally Japan’s Topix stock index surged past its bubble-era peak to reach a record high, signaling a broad-based rally beyond just a few stocks. The benchmark index rose as much as 0.6% to 2,890.52, exceeding the previous intraday record set in December 1989. Most of the […]