Oil prices showed some resilience on Monday, recovering from earlier losses despite concerns surrounding a more-than-expected output increase from OPEC+ and the potential economic impact of U.S. tariffs. OPEC+ Boosts Output, Market Tightness Offers Support Brent crude futures were down by 0.3%, trading at $68.08 per barrel by 0815 GMT, …
Read More »European Stocks Mixed as Investors Await U.S. Trade Deal Deadline
European stocks showed a mixed performance on Monday, with investors remaining cautious ahead of the looming July 9 deadline for trade deals set by U.S. President Donald Trump. Markets have been anxiously awaiting progress in U.S. trade talks, with the risk of higher tariffs looming, which has led to a …
Read More »Gold Prices Fall as U.S. Tariff Threats and Strong Payrolls Data Weigh on Sentiment
Gold prices slipped in Asian trade on Monday, pressured by a steady U.S. dollar and the ongoing uncertainty surrounding U.S. trade policy. U.S. President Donald Trump’s latest tariff threats and stronger-than-expected payrolls data from last week dampened market expectations for a Federal Reserve rate cut in the near term, further …
Read More »Weekly market wrap: FOMC minutes are looming amid trade fears
Three things dictated price action in financial markets last week, including reaching a trade deal between USA and Vietnam, positive US jobs data, and passing “the Big Beautiful Bill”. The recent appreciation of the U.S. dollar was driven by improving investor sentiment toward America’s trade outlook, supported by Friday’s robust …
Read More »EUR/USD Holds Steady Amid Tariff Tensions, Eyes Turn to EU Economic Data
Modest Gains Amid Holiday-Thinned TradingThe EUR/USD pair edged up by 0.18% on Friday, trading at 1.1778, despite thin market liquidity due to the U.S. Independence Day holiday, according to The Independent. The modest gain, which contributed to a weekly increase of 0.53%, came as investors grappled with escalating tensions over …
Read More »WTI Crude Oil Stalls Near $65 as OPEC+ and Tariff Uncertainties Loom
West Texas Intermediate (WTI) Crude Oil prices hovered near $65.70, down 0.82%, reflecting cautious trading amid U.S. Independence Day market closures. With traders eyeing the OPEC+ meeting on July 5 and the looming July 9 U.S. tariff deadline, WTI remains locked in a tight range. Subdued demand signals and a …
Read More »Gold Shines Amid Tariff Threats and U.S. Dollar Weakness
Gold (XAU/USD) climbed above $3,330, driven by a weakening U.S. Dollar and renewed concerns over U.S. fiscal sustainability following the passage of a major tax and spending bill. With U.S. markets closed for Independence Day, tariff uncertainties and the bill’s $3.3 trillion deficit impact have bolstered gold’s safe-haven appeal. The …
Read More »U.S. Dollar Edges Lower Ahead of Trade Deadline Amid Fiscal and Market Uncertainty
The U.S. dollar saw a slight dip on Friday after a brief rally earlier in the week, with attention now shifting toward the July 9 deadline for trade deals. At 04:15 ET (08:15 GMT), the Dollar Index, which tracks the greenback against a basket of six major currencies, was down …
Read More »European Stocks Slip Amid Uncertainty Ahead of U.S. Trade Deadline and Ongoing Tariff Concerns
European stocks ended the week on a negative note, slipping lower on Friday as uncertainty grew over the looming U.S. trade tariffs deadline set by President Donald Trump. With U.S. markets closed for the Independence Day holiday, trading activity was muted, and European investors remained cautious about the potential fallout …
Read More »Bitcoin Struggles as U.S. Trade Tariffs Loom and Rate Cut Bets Fade
Bitcoin prices steadied on Friday after a sharp reversal of recent gains, as traders focused on the impending rollout of U.S. President Donald Trump’s trade tariffs and the ongoing uncertainty surrounding interest rate cuts. Despite the earlier optimism, the market remains cautious ahead of the U.S. Independence Day holiday and …
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