WTI price drifts higher to around $67.15 in Wednesday’s early Asian session. Simmering Red Sea conflict boosts the WTI price. Crude oil stockpiles in the US unexpectedly rose by 7.1 million barrels last week, said API. West Texas … [Continue reading]
Dow Jones Industrial Average churns with Trump’s new tariffs and “firm” deadlines
The Dow Jones churned the charts on Tuesday as investors continue to await clarity.Second verse, same as the first: Trump says new tariff deadline will not be canceled or extended.Additional double-digit tariff levels have been announced by Trump, … [Continue reading]
United States 52-Week Bill Auction: 3.925% vs previous 3.94%
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Dow Jones Futures extend losses with trade uncertainty weighing on sentiment
Dow Jones Index Futures point to a slightly negative opening with tariff fears looming.Trump postponed the deadline to August 1 and kept the door open for negotiations, which has eased risk aversion.A cautious market mood is weighing on equities and … [Continue reading]
Japanese Yen hangs near two-week low against USD amid tariff worries
The Japanese Yen remains depressed as trade uncertainties temper BoJ rate hike bets.The JPY bulls fail to gain a respite from the cautious market mood and a weaker USD.The fundamental backdrop warrants caution before placing fresh USD/JPY bullish … [Continue reading]
Gold Price Forecast: XAU/USD declines below $3,350 on hopes for trade deals
Gold price loses momentum to around $3,330 in Tuesday’s Asian session. Trump unveiled new tariff rates, still open to additional trade negotiations. The downside for yellow metal might be limited as central banks worldwide continue to buy … [Continue reading]
EUR/USD slumps as Trump sparks fresh trade-war fears
EUR/USD drops 0.44% to 1.1718, hitting six-day low of 1.1686 before modest rebound.Trump imposes 25%–40% tariffs on South Korea, Japan, Malaysia and others.Reuters: EU exempt from latest tariff wave, aiding EUR/USD recovery.German Industrial … [Continue reading]
Gold Price Forecast: XAU/USD recovering on fresh tariffs’ fears
XAU/USD Current price: $3,329.83United States President Donald Trump started sending letters to Asian counterparts.Gold fights US Dollar demand amid mounting tariff-related concerns.XAU/USD retains the downward bias in the near term, $3,350 caps. … [Continue reading]
US Dollar recovers as market braces for tariff impact
The US Dollar starts the week higher, supported by safe-haven flows amid tariffs fears.The US is set to formally notify over 100 countries of new tariffs by July 9, with implementation scheduled for August 1.The US Dollar (DXY) rises back inside a … [Continue reading]
Gold price bears flirt with $3,300 amid a broadly stronger USD
Gold price drops to a multi-day low on Monday amid modest USD strength.Fed rate cut bets and US fiscal concerns should act as a headwind for the USD.Geopolitical risks could further offer support to the safe-haven precious metal.Gold price (XAU/USD) … [Continue reading]