Oil prices extended gains on Friday, with benchmarks poised to end the week higher as optimism around easing U.S.-China trade tensions and a newly announced U.S.-U.K. trade framework lifted market sentiment. Brent crude futures rose by 83 cents, or 1.3%, to $63.27 a barrel by 09:05 GMT, while U.S. West …
Read More »Forex Report: Dollar Eases but Heads for Weekly Gain Amid Cooling Trade Tensions and Cautious Fed
The U.S. dollar slipped slightly in early European hours on Friday, though it remained on track for a modest weekly gain, supported by lessened trade tensions and expectations that the Federal Reserve will hold off on cutting interest rates in the near term. At 04:30 ET (08:30 GMT), the U.S. …
Read More »European Stocks Climb on Optimism Over U.S.-U.K. Trade Deal and Easing Tensions
European equity markets rose on Friday, buoyed by optimism that the newly signed trade framework between the United States and the United Kingdom could serve as a model for future agreements, potentially easing global trade tensions. At 03:10 ET (07:10 GMT), the DAX in Germany and the CAC 40 in …
Read More »Gold Rebounds as Market Eyes U.S.-China Trade Talks Following UK Framework Deal
Gold prices edged higher in Asian trading on Friday, recovering from two days of sharp declines, as investors remained cautious ahead of scheduled U.S.-China trade talks and assessed the limited impact of a newly signed trade framework between the United States and the United Kingdom. Spot gold rose 0.4% to …
Read More »Oil Prices Edge Higher as U.S.-China Trade Talks and U.K. Deal Offer Glimmers of Optimism
Oil prices extended gains on Friday, building on a sharp rally in the prior session, as easing trade tensions between the United States and China and a fresh trade agreement between the U.S. and Britain lifted market sentiment. However, concerns over increased OPEC+ supply and geopolitical risks in South Asia …
Read More »Dollar Climbs as Fed Flags Stagflation Risks; Traders Push Back Rate Cut Expectations
The U.S. dollar advanced on Thursday, building on prior gains after the Federal Reserve highlighted growing stagflation risks in the U.S. economy, prompting markets to reassess expectations for near-term interest rate cuts. At 04:10 ET (08:10 GMT), the U.S. Dollar Index, which tracks the performance of the greenback against six …
Read More »Oil Prices Edge Higher on Trade Talk Optimism, But Demand Worries Linger
Oil prices inched up on Thursday, recouping a portion of the losses from the prior session, as markets found some support from renewed hopes of progress in U.S.-China trade negotiations. However, gains were capped by persistent concerns over global demand and rising inventories. Brent crude futures rose by 10 cents, …
Read More »Bitcoin Nears $100K as Trade Deal Hopes Fuel Risk-On Rally
Bitcoin surged on Thursday, climbing toward the key psychological level of $100,000, as investor sentiment was buoyed by renewed hopes of a de-escalation in U.S. trade tensions. The gains followed comments from President Donald Trump that he would announce a “major” trade deal, stoking optimism that the administration’s tariff agenda …
Read More »Gold Rises on Fed Economic Warning, but Gains Capped by Trade Deal Speculation
Gold prices advanced in Asian trading on Thursday, supported by a renewed flight to safety after the Federal Reserve flagged concerns over the economic outlook amid lingering global trade tensions. However, broader gains were capped as markets digested mixed signals on upcoming U.S. trade developments. Spot gold climbed 0.8% to …
Read More »Bitcoin Dominance Hits 65%, Signaling Renewed Market Confidence Amid Altcoin Retreat
The Bitcoin Dominance Index has surged to 65.09%, marking a significant milestone in the current crypto market cycle. This metric, tracked by TradingView, reflects Bitcoin’s growing command over the broader digital asset landscape, indicating a substantial shift in investor sentiment toward the world’s largest cryptocurrency. Rising from below 48% in …
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