Bitcoin extended its pullback on Thursday, but the world’s largest cryptocurrency remained supported above the crucial $100,000 mark, as markets remained cautiously optimistic ahead of key U.S. inflation data that could shape the Federal Reserve’s interest rate path. As of 02:02 ET (06:02 GMT), Bitcoin slipped 1.3% to $102,422.5, retreating …
Read More »Oil Prices Plunge as Prospects of U.S.-Iran Nuclear Deal Rattle Supply Outlook
Oil prices tumbled sharply on Thursday as traders reacted to fresh signals that a nuclear agreement between the United States and Iran could be imminent—raising the potential for a substantial boost in global crude supply. As of 04:05 ET (08:05 GMT), Brent crude futures fell 3.1% to $64.06 per barrel, …
Read More »Gold Hits One-Month Low as U.S.-China Trade Truce Undermines Haven Demand
Gold prices slid to a one-month low in Asian trading on Thursday, continuing a recent losing streak as markets digested the impact of the U.S.-China trade deescalation. A stronger dollar, higher Treasury yields, and anticipation of key U.S. economic data further dampened sentiment toward the yellow metal. As of 01:09 …
Read More »Market Drivers – US Session: Can the Dollar Hold Its Ground as Markets Await Key Data, Fed Signals?
The US Dollar (USD) staged a recovery on Wednesday, May 14, 2025, at 11:36 PM +04, climbing past the 101.00 mark on the Dollar Index (DXY) as investors dialed back on riskier assets, bolstered by optimism surrounding US trade policies. This uptick occurred despite renewed market expectations for Federal Reserve …
Read More »Can Nvidia’s Saudi AI Chip Deals Propel US Stocks and the Dollar Higher?
Nvidia’s stock surged 3.96% to $135.07 by 3:20 PM EDT on Wednesday, May 14, 2025, at 11:28 PM +04, extending a nearly 6% rally from Tuesday and pushing its market capitalization past $3 trillion for the first time since February, a move that has bolstered US stock indices and sparked …
Read More »Can Cooling US Inflation Shield Consumers from Tariff Fallout or Will Markets Feel the Heat?
The cooling US inflation reported on May 14, 2025, with the Consumer Price Index (CPI) rising 2.3% year-over-year in April, down from 2.4% in March, has had a noticeable impact on market performance, particularly for the US Dollar (USD) and US stocks. This slowdown, marking the smallest annual increase in …
Read More »Oil Prices Slip as Unexpected US Crude Stockpile Surge Raises Oversupply Fears
Oil prices dipped on Wednesday as fresh government data revealed an unexpected increase in US crude oil inventories, sparking concerns among investors about an oversupply in the market. Brent crude futures declined by 40 cents, or approximately 0.6%, settling at $66.23 per barrel, while US West Texas Intermediate (WTI) crude …
Read More »European Markets Stabilize as Inflation Eases and Earnings Roll In
European equity indices traded mostly steady on Wednesday, pausing after recent gains fueled by easing U.S.-China trade tensions, as investors shifted their focus toward corporate earnings and key economic data. Germany’s DAX edged up 0.3% France’s CAC 40 held flat U.K.’s FTSE 100 slipped 0.1%(As of 03:05 ET / 07:05 …
Read More »Bitcoin Rebounds on Softer U.S. Inflation, Fed Rate Cut Hopes
Bitcoin regained upward momentum on Wednesday, buoyed by softer-than-expected U.S. inflation data and improved sentiment following the temporary trade truce between the U.S. and China. As of 02:16 ET (06:16 GMT), Bitcoin rose 1.3% to $103,862.5, recovering from recent profit-taking that followed a strong rally above the $100,000 milestone last …
Read More »Oil Prices Slip as Inventories Rise, Traders Eye Trump’s Middle East Moves
Oil prices edged lower in Asian trade on Wednesday, taking a breather after a strong four-day rally. The pullback came as investors digested an unexpected increase in U.S. crude inventories and closely monitored President Donald Trump’s visit to the Middle East, which added new geopolitical considerations to global oil supply …
Read More »