Crude oil prices continue to face significant downward pressure as a confluence of bearish factors converge. The recent release of the International Energy Agency’s (IEA) monthly report has further dampened the outlook for 2025 oil demand, adding to the prevailing bearish sentiment.The IEA’s downward revision of its 2025 oil demand …
Read More »Gold Prices Recover as Focus Turns to U.S. Inflation Data
Gold prices edged higher in Asian trading on Wednesday, gaining 0.5% to reach $2,609.90 an ounce after recent declines driven by a strong U.S. dollar in the wake of Donald Trump’s re-election. Gold futures, however, dipped 0.4% to $2,615.70 an ounce as of early trading. The yellow metal’s recovery comes …
Read More »Market Drivers; US Session
Dollar Strengthens Ahead of Key Data The US Dollar extended its rally on Wednesday, reaching a six-month high as investors remained optimistic about the “Trump trade.” The upcoming release of crucial US economic data, particularly the Inflation Rate, is set to be a major market mover. Key Developments:US Dollar Index …
Read More »XAU/USD Declines on Soaring Dollar Ahead of Inflation Data
Gold prices have experienced a sharp decline, falling below the crucial $2,600 level, as the US Dollar strengthens and Treasury yields rise. This downward trend is primarily driven by a combination of factors, including a less dovish Federal Reserve, escalating geopolitical tensions, and a shift in investor sentiment.A Strengthening Dollar …
Read More »Crude Oil Struggles Amid Bearish Market Sentiment
Crude Oil prices have faced downward pressure due to a combination of factors, including increased supply and weakening global demand. Despite a brief rebound, the overall market sentiment remains bearish.Key Factors Impacting Oil Prices:OPEC’s Supply Outlook: The Organization of the Petroleum Exporting Countries (OPEC) has revised its global oil demand …
Read More »Oil price declines as investors let down by China’s stimulus plan
The price of WTI drops to about $68.00 in the early Asian session on Tuesday. The USD-denominated oil is impacted by the strengthening USD. Investors were let down by China’s stimulus plan, which caused the WTI price to decline. The benchmark for US crude oil, West Texas Intermediate (WTI), is …
Read More »Market Drivers; US Session
As investors braced for the release of US data and a slew of Fed speakers later this week, the greenback surged to new highs on the strength of the “Trump trade.”Due to investors’ reevaluation of possible Trump policies and the effect on the Fed’s easing cycle, the US Dollar Index …
Read More »XAU/USD Declines Amid Firmer US Dollar Ahead of Trump’s Protectionist Policies
Gold prices have experienced a significant decline, plummeting over 2.5% on Monday as the US Dollar surged to a four-month high. This downward trend is primarily driven by growing concerns over potential trade tensions under a second Trump presidency. The US Dollar Index (DXY) has climbed to 105.57, boosted by …
Read More »What type of Trade War do markets expect under Trump’s presidency?
Under Trump’s presidency, as the Chinese economy is more dependent on exports, making tariffs more potent. However, it is less reliant on American markets and increasingly bent on self-sufficiency. Chinese leaders are directing investment into robotics and aviation to accelerate industrial advances. The balance of power has shifted in favour …
Read More »Oil Prices Hold Steady as U.S. Storm Concerns Subside and China’s Stimulus Plan Falls Short
Oil prices remained relatively unchanged on Monday, as concerns over potential supply disruptions from a storm in the U.S. Gulf of Mexico eased, and disappointment over China’s stimulus plan weighed on expectations for future fuel demand growth in the world’s second-largest oil consumer. By 07:14 GMT, Brent crude futures were …
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