The U.S. dollar experienced a slight dip in early European trading on Tuesday, attributed to a minor uptick in risk sentiment. However, trading ranges remained narrow as investors eagerly awaited the release of crucial inflation data. As of 04:25 ET (08:25 GMT), the Dollar Index, which measures the greenback against …
Read More »Gold Stabilizes as Inflation Data Takes Center Stage
Gold prices found their footing in Asian markets on Tuesday, buoyed by a slightly weaker dollar. Traders were on edge, awaiting a series of crucial inflation readings this week, particularly the U.S. Personal Consumption Expenditures (PCE) index. The precious metal managed to recover some of its losses from the previous …
Read More »Market Drivers – US Session, May 28
Bitcoin closed on an upward trajectory, driven by news of collaboration between Argentina’s Securities and Exchange Commission and El Salvador. The two countries are exploring further adoption of cryptocurrencies. BTC’s global spread closed at $69,528 per unit, slightly higher than the previous day’s closing price of $68,489. However, the larger-cap …
Read More »Oil Prices Steady Amid Holiday Lull, Inflation Concerns Remain
Oil prices remained largely unchanged on Monday, experiencing only minor gains due to public holidays in Britain and the United States. The subdued trading followed a week marked by concerns about the trajectory of U.S. interest rates in the face of persistent inflation. Brent crude for July delivery saw a …
Read More »Dollar Holds Steady Amid Global Inflation Watch, ‘Carry’ Trade Dominates FX
The dollar maintained its position on Monday, despite being on track for its first monthly loss this year. This pause comes as investors keenly await inflation data from the U.S., Europe, and Japan, which will shape the global interest rate outlook. In recent months, foreign exchange trading has been driven …
Read More »Gold Glitters Again, But Inflation Data Holds the Key
After a week of losses, gold prices found their footing in Asian markets on Monday, sparking a glimmer of optimism amongst traders. This modest recovery comes as investors tread cautiously ahead of the crucial U.S. inflation data release this week. Market activity was relatively muted due to holidays in the …
Read More »Financial Markets’ Weekly Recap: FOMC Minutes, Inflation Attract Most Attention
The minutes of the latest Federal Reserve’s monetary policy meeting as well as inflation data attrac1ted most attention across trading markets for the week. The US dollar closed last week’s trading in an upward direction on the back of signals as well as messages included in FOMC Minutes for May’s …
Read More »Oil Prices Recover Amid Improved Market Sentiment
Amid broad market sentiment rebound, WTI crude oil bounced back above $77.55 per barrel, up 1.11%. Crude Oil markets are recovering despite ongoing concerns over US oversupply. Fed rate cut bets continue to get hammered by sticky inflation fears. US Crude Oil rebounded on Friday, recovering from a fresh 12-week …
Read More »Oil Prices Stabilize Amid Fed Comments and U.S. Fuel Demand
Oil prices held steady on Friday as investors weighed the latest remarks from the U.S. Federal Reserve regarding interest rates amid persistent inflation, while signs of robust seasonal U.S. fuel demand provided support. Brent crude futures edged up 5 cents to $81.41 a barrel by 0640 GMT, while U.S. West …
Read More »Gold Steadies Amid Rate Jitters; Copper Stabilizes After Record Highs
Gold Prices Steady in Asian Trade Gold prices steadied in Asian trade on Friday, but the yellow metal was nursing steep weekly declines due to persistent concerns over prolonged high U.S. interest rates. Spot gold rose 0.2% to $2,332.77 an ounce, while gold futures for June delivery fell 0.1% to …
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