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Oil prices were little changed on Tuesday as traders balanced mixed geopolitical signals and signs of economic softening from China, the world’s top crude importer. Brent crude futures for July delivery edged down 7 cents, or 0.1%, to $64.75 a barrel by 09:47 GMT. U.S. West Texas Intermediate (WTI) futures …

European equity indices edged higher on Tuesday, lifted by a surprise rate cut in China and renewed optimism surrounding a potential ceasefire in Ukraine, injecting a sense of optimism into global financial markets. By 03:05 ET (07:05 GMT), the DAX in Germany rose 0.2%, France’s CAC 40 gained 0.2%, and …

The spotlight turns to Canada this Tuesday as Statistics Canada unveils the April Consumer Price Index (CPI) — a release that could shape the Bank of Canada’s next policy move and determine whether the Canadian Dollar can break free from its recent consolidation phase. Headline inflation is expected to slow …

Gold prices extended their decline in early European trading on Tuesday, with XAU/USD hovering just above the $3,200 level as market appetite for risk continues to weigh on demand for safe-haven assets. Optimism surrounding the recent U.S.-China trade truce, alongside fresh hopes for a Russia-Ukraine ceasefire, have underpinned a broadly …

Oil prices fell slightly on Monday, pressured by Moody’s downgrade of the U.S. sovereign credit rating and signs of a cooling economic recovery in China, the world’s largest crude importer. As of 04:40 GMT, Brent crude futures for front-month delivery dropped 35 cents, or 0.5%, to $65.06 per barrel, while …

The Australian Dollar (AUD) is flexing its muscles against the US Dollar (USD), trading near the 0.6450 mark as sentiment turns sour on the Greenback. This resurgence comes on the heels of a significant move by Moody’s, which downgraded the United States’ long-term credit rating from the coveted ‘AAA’ to …

The Japanese yen has gained significant ground against the U.S. dollar, a shift that began around the midpoint of the American trading session. This movement was triggered by investors reacting to headlines about a downgrade in the credit rating of U.S. debt. The news sparked intense selling of U.S. Treasury …

US Treasury yields edged lower on Monday, retracing some of the sharp gains witnessed in the aftermath of Moody’s recent downgrade of the US sovereign debt rating. The initial announcement triggered a significant sell-off in benchmark bonds, pushing yields higher.However, market participants appeared to have largely absorbed the implications of …

The US Dollar kicked off the trading week under pressure, testing two-week lows near the 100.00 support level on the US Dollar Index (DXY). A recent Moody’s downgrade of US credit and resurfacing trade tensions have fueled selling, setting the stage for a volatile session. Meanwhile, key events on Tuesday, …

The price of gold has experienced a notable rebound, breaching the $3,200 mark as investors sought refuge following Moody’s recent downgrade of the United States’ credit rating to Aa1 from AAA. This decision by the rating agency, citing prolonged fiscal inaction, exerted downward pressure on the US Dollar, consequently bolstering …