Oil prices fell 2% to a 12-week low on Monday, influenced by reports that OPEC+ will proceed with a planned oil output increase in April and concerns that U.S. tariffs could negatively impact global economic growth and oil demand.Brent futures settled at $71.62 a barrel, down $1.19, or 1.6%, while …

The Australian dollar (AUD) began the week with a notable rebound, halting a six-day decline that saw it lose 3% against the US dollar (USD). Currently, AUD/USD is trading at 0.6203 in North American trading, marking a 0.71% increase for the day.Key Economic Data on the HorizonTraders are now anticipating …

The tumultuous geopolitical landscape in Europe, dominated by the ongoing conflict in Ukraine and heightened tensions with Russia, has ignited a complex interplay of security concerns and economic realities, leaving an indelible mark on the forex market. While Europe’s latent capacity for self-defense and sustained support for Ukraine has proven …

The cryptocurrency market experienced a significant boost early Monday, with Bitcoin and other digital currencies like Ethereum, XRP, Dogecoin, Solana, and Cardano seeing sharp price increases. This surge followed President Donald Trump’s announcement of a U.S. crypto strategic reserve aimed at bolstering the industry. Despite the rise, prices remained below …

US market is bracing for Friday’s crucial employment data, a potential catalyst amidst swirling recession anxieties. Recent market behavior reflects this unease, with volatility dominating trading sessions. While inflation figures have offered a degree of comfort, a concerning dip in consumer spending and a subsequent downward revision of GDP forecasts …

The economic landscape is currently marked by a confluence of factors that are generating significant market volatility and raising concerns about a potential slowdown in the United States. Recent data releases have painted a picture of an economy grappling with uncertainty, particularly concerning manufacturing activity and the potential impact of …

The U.S. manufacturing sector exhibited unexpected signs of deceleration in February, according to data released by the Institute for Supply Management (ISM). The closely watched Manufacturing Purchasing Managers’ Index (PMI) fell to 50.3, a decline from January’s 50.9 and below the consensus forecast of 50.5. This figure indicates a marginal …

US dollar ended last week’s trading in the upside buoyed by concerns of geopolitical tensions escalation after tensions escalated between US president Donald Trump and his Ukrainian counterpart Volodymyr Zelensky in the White House during a meeting which was supposed to witness signing a US-Ukraine deal over natural resources. Dollar …

A potent cocktail of trade policy anxieties and growing recession fears sent gold prices reeling this week, with the precious metal shedding over 3% as the US dollar surged. The XAU/USD pair closed Friday at $2,845, a significant drop from its daily peak of $2,885, and a far cry from …

The Dow Jones Industrial Average (DJIA) managed a modest recovery on Friday, clawing back roughly 150 points and clinging to the 43,400 level. However, this late-week rally does little to erase the overall losses, leaving the index down from Monday’s opening bell. The week’s volatility was fueled by a complex …