Gold prices took a sharp hit at the start of the trading week on May 12, 2025, dropping to $3,207.82—a two-week low—as a US-China trade truce reignited market optimism and pressured safe-haven assets. The agreement, which rolls back tariffs for 90 days, saw the US reduce levies on Chinese imports …
Read More »Dow Jones Soars 1000 Points on US-China Tariff Cut Breakthrough
Wall Street kicked off the week with a dramatic surge, as the Dow Jones Industrial Average climbed approximately 1000 points on May 12, 2025, propelled by a US-China agreement to temporarily slash tariffs following two days of trade talks between Washington and Beijing. The index soared to 42,220 points, reflecting …
Read More »Brent Crude Soars Above $65 Amid US – China Trade Agreement
Brent Crude soared above $65 per barrel on May 12, 2025, climbing 2.37% to $65.40, fueled by a US-China 90-day tariff suspension that sparked a wave of risk-on sentiment across global markets. The temporary trade détente, easing tensions between the two economic giants, has bolstered expectations for stronger oil demand, …
Read More »EUR/USD Tumbles to 1.1100 as Dollar Soars on US-China Trade Breakthrough
The EUR/USD pair plummeted past 1.1100 on May 12, 2025, as the US Dollar surged following a landmark US-China agreement to slash tariffs by 115% for 90 days, a move unveiled after intense Geneva negotiations. This interim trade ceasefire, aimed at curbing soaring consumer inflation fears, propelled the US Dollar …
Read More »U.S. and China Agree to 90-Day Tariff Truce, Markets Rally on De-escalation Hopes
In a significant step toward easing trade tensions, the United States and China announced on Monday a 90-day pause on escalating tariffs, marking a rare moment of collaboration between the world’s two largest economies. The agreement includes mutual reductions in import duties, providing a temporary reprieve from a standoff that …
Read More »European Stocks Surge on U.S.-China Trade Optimism; UniCredit Hits Record Profit
European equity markets rallied on Monday, driven by renewed optimism over the state of global trade after weekend talks between the United States and China yielded signs of a potential breakthrough in their months-long tariff war. As of 03:02 ET (07:02 GMT), the DAX index in Germany jumped 1.8%, the …
Read More »Dollar Gains as U.S.-China Trade Talks Ease Market Jitters; Focus Shifts to U.S. Inflation, Retail Data
The U.S. dollar strengthened on Monday against traditional safe-haven currencies as weekend trade discussions between Washington and Beijing helped soothe global market nerves. Investors were also buoyed by signs of easing geopolitical tensions, while eyes now turn to key U.S. economic data this week for further direction. Trade Progress Lifts …
Read More »Oil Prices Rise as U.S.-China Trade Talks Signal Progress; Market Eyes OPEC+ Output and Iran Developments
Oil prices advanced on Monday as upbeat signals from U.S.-China trade negotiations boosted sentiment across global markets, raising hopes that the world’s two largest crude consumers may be moving closer to resolving their prolonged tariff dispute. Brent crude futures climbed 43 cents, or 0.67%, to $64.34 a barrel by 05:00 …
Read More »Weekly market recap: Stagflation and Fed in Focus
US Dollar closed the week higher, making use of a number of developments, including reaching a trade deal between USA and UK and announcing a starting point of trade talks between Washington and Beijing this weekend. The currency also soared after Federal Reserve Bank kept rates unchanged in May meeting …
Read More »USD/JPY Slips to 145.00 Amid US Dollar Woes and Japan’s Spending Surge
The USD/JPY pair retreated to 145.00 on May 9, 2025, after failing to sustain gains above a one-month high of 146.20, driven by a softening US Dollar and mixed economic signals from the US. Japan’s robust March household spending data, up 2.10% year-over-year, bolstered the yen, while US stagflation fears …
Read More »