U.S. stock markets edged higher on Tuesday as investors analyzed the potential impact of upcoming reciprocal tariffs and subtle signals from President Donald Trump hinting at a more flexible stance on trade policy. Key Market Moves (As of 09:30 AM ET): Dow Jones Industrial Average: +108.37 points (+0.25%) to 42,691.69 …
Read More »Oil Prices Rise as U.S. Tariffs on Venezuelan Oil Purchasers Fuel Supply Concerns
Oil prices continued their upward momentum on Tuesday, extending gains from the previous session following U.S. President Donald Trump’s decision to impose 25% tariffs on countries buying oil and gas from Venezuela. Key Price Movements: Brent crude (May contract) rose 0.5% to $72.76 per barrel. West Texas Intermediate (WTI) crude …
Read More »Dollar Rises on Strong U.S. Services Data, But Gains Limited by Trade Uncertainty
The U.S. dollar edged higher on Tuesday, supported by strong services sector data, but gains were capped by lingering uncertainty over U.S. trade policies. Key Highlights: Dollar Index rose 0.1% to 104.000, near a three-week high. EUR/USD fell 0.2% to 1.0786, hitting its lowest level since early March. GBP/USD dropped …
Read More »Gold Holds Above $3,000 Amid Easing Trump Tariff Concerns
Gold prices edged higher on Tuesday, remaining below last week’s record highs as market fears over U.S. President Donald Trump’s planned trade tariffs eased. However, haven demand remained resilient amid lingering uncertainty over the exact scope of the tariffs, keeping gold near key psychological levels. Gold Market Overview: Spot gold …
Read More »Bitcoin Slightly Declines Amid Mt. Gox Transfers and Trump Tariff Speculations
Bitcoin edged lower on Tuesday, retreating from its recent gains as the defunct Japanese exchange Mt. Gox moved a significant amount of Bitcoin, raising concerns over potential sell-offs. Key Price Movement: Bitcoin dipped 0.4% to $86,731.9 (as of 01:55 ET / 05:55 GMT). The cryptocurrency had rallied earlier in the …
Read More »Oil Prices Rise Amid U.S. Sanctions on Iran and Ukraine Ceasefire Talks
Oil prices edged higher on Monday, supported by fresh U.S. sanctions on Iranian crude exports, while ongoing ceasefire discussions between Russia and the U.S. over Ukraine introduced supply uncertainty in global markets. Key Price Movements: Brent crude futures: Up 36 cents (0.5%) to $72.52 per barrel. U.S. West Texas Intermediate …
Read More »Eurozone Business Growth Picks Up Slightly in March, Led by Manufacturing
Eurozone business activity showed signs of modest recovery in March, expanding at its fastest pace in seven months, according to the latest HCOB Composite PMI data. The gradual improvement was driven by an easing in the long-running manufacturing downturn, though slower growth in the services sector acted as a drag …
Read More »Dollar Slips Amid Tariff Uncertainty, Euro Gains on German PMI Data
The U.S. dollar edged lower on Monday, retreating from recent highs as uncertainty over President Trump’s upcoming tariff policies weighed on market sentiment. Meanwhile, the euro rebounded following solid German economic data. At 05:10 ET (09:10 GMT), the U.S. Dollar Index (DXY) traded 0.1% lower at 103.640, after reaching a …
Read More »Gold Prices Edge Lower as Market Reacts to Softer Trump Tariff Expectations
Gold prices dipped in Asian trading on Monday, retreating further from record highs as reports indicated that U.S. President Donald Trump’s April 2 tariffs may be less severe than feared, reducing demand for safe-haven assets. However, a softer dollar helped limit gold’s losses, while broader metal prices advanced, supported by …
Read More »Bitcoin Surges as Market Cheers Trump’s Tariff Strategy
Bitcoin soared at the start of the week, rallying to $87,127.50 by 02:12 ET (06:12 GMT) on Monday, as investors welcomed reports that U.S. President Donald Trump may adopt a targeted, rather than broad, tariff approach starting April 2. Key Factors Behind Bitcoin’s Rally Targeted Tariffs Over Industry-Wide Levies A …
Read More »