Oil prices saw a notable increase on Friday, extending the sharp gains from the previous session, driven by drone attacks on Iraqi oil fields and fresh sanctions from the European Union (EU) on Russia. As of 08:10 ET (12:10 GMT), Brent Oil Futures for September delivery rose 1.6% to $70.60 …
Read More »European Stocks Rise Amid Strong Earnings and Positive Wall Street Lead
European stocks rose on Friday, buoyed by a positive overnight performance on Wall Street, as investors digested a wave of favorable quarterly earnings reports. The DAX index in Germany climbed 0.5%, the CAC 40 in France gained 0.6%, and the FTSE 100 in the UK rose 0.2% at 03:05 ET …
Read More »Market Drivers – US Session: Yen in Focus As Markets Brace for Inflation Data and Elections
The US Dollar regained momentum on Thursday, reversing a prior dip as investors digested upbeat US data while monitoring trade developments and central bank tensions. With a packed Friday agenda, July 18, the market stands at a crossroads—can the Dollar’s strength persist, or will new data shift the tide?US Dollar …
Read More »Gold’s Retreat: Can XAU/USD Hold Firm Amid Fed’s Hawkish Grip?
Gold prices are slipping on Thursday, with XAU/USD pulling back 0.6% to trade near $3,330, as central bank officials signal a cautious stance on rate cuts. Bolstered by strong US economic data, the yellow metal faces pressure—can it find support at $3,300 or slide further?Fed’s Hawkish Tone Weighs on GoldFocus …
Read More »European Stocks Rise Amid Earnings Reports and Trade Uncertainty
European stocks experienced a positive rally on Thursday, with investors focused on a steady stream of new corporate earnings amidst ongoing uncertainty surrounding trade negotiations. At 03:15 ET (07:15 GMT), the DAX in Germany gained 0.7%, the CAC 40 in France rose by 1.2%, and the FTSE 100 in the …
Read More »Oil Prices Rebound on Strong Economic Data and Easing Trade Tensions
Oil prices saw a modest increase on Thursday, recovering from declines in the previous three sessions, driven by stronger-than-expected economic data from major oil consumers and signs of easing trade tensions between the U.S. and key global players. Brent crude futures rose by 24 cents, or 0.35%, to $68.76 per …
Read More »Gold Prices Dip Amid Improved Risk Appetite and Stronger Dollar, While Uncertainty Over Tariffs Remains
Gold prices saw a slight decline during Asian trading on Thursday due to an improvement in risk appetite, following comments from U.S. President Donald Trump, who downplayed concerns that he would prematurely remove Federal Reserve Chair Jerome Powell. Despite this, the overall demand for gold remained relatively high, driven by …
Read More »Market Drivers – US Session: Markets Brace for UK Jobs Data and US Retail Sales Amid Dollar Pullback
The US Dollar hit a speed bump, snapping a four-day winning streak as the US Dollar Index (DXY) retreated under renewed selling pressure. The pullback was triggered by fleeting rumors—later downplayed—that President Donald Trump might move to oust Federal Reserve Chairman Jerome Powell. Compounding the dollar’s woes were softer-than-expected US …
Read More »WTI and Brent Crude Slide as OPEC+ Supply Surge Overshadows US Inventory Draw
West Texas Intermediate (WTI) crude oil prices dipped on July 16, 2025, falling 0.15% to $65.325 per barrel, while Brent crude oil followed suit, declining 0.26% to $68.60 per barrel. Both benchmarks faced downward pressure despite a larger-than-expected draw in US crude inventories, as rising OPEC+ production and persistent demand …
Read More »European Shares Mixed Amid Trade Uncertainty and Earnings Reports
European stock markets showed mixed results on Wednesday, as investors reacted to weak earnings updates, trade negotiations, and corporate performance expectations. Key Market Movements: STOXX 600 Index: Fell 0.2% to 544.14 points. Germany’s DAX: Up 0.1%. Spain’s IBEX: Rose 0.7%. UK’s FTSE 100: Gained 0.2%. France’s CAC 40: Flat. ASML’s …
Read More »