Forex Market

Oil prices rose for a second straight session in Asian trading on Thursday, fueled by renewed geopolitical tensions and supply disruption risks following the U.S. imposition of new sanctions on Iranian oil exports, while investors digested mixed U.S. inventory data. As of 21:35 ET (01:35 GMT): Brent crude (June delivery) …

The U.S. Dollar is facing mounting pressure as trade tensions and declining Treasury yields weigh heavily on its outlook, with the USD/JPY currency pair hovering cautiously around the 143 mark. During Wednesday’s North American trading session, the pair showed a slight upward bias but struggled to gain traction, reflecting broader …

The U.S. dollar faced renewed pressure on Wednesday, sliding to multi-month lows as persistent trade tensions and cautious remarks from the Federal Reserve chief in Chicago kept investors on edge. The dollar’s decline, mirrored by a drop in U.S. Treasury yields, set the tone for a volatile day in global …

In a significant shift from traditional economic forecasts, the Bank of Canada has outlined two potential scenarios for the nation’s economy, reflecting the uncertainty gripping global markets as of April 16, 2025. The first scenario envisions a deep recession, driven by external pressures, while the second foresees a sharp spike …

The U.S. economy is entering a period of unprecedented uncertainty, driven by a sweeping array of new tariffs introduced by the current administration, according to Federal Reserve Chair Jerome Powell. Speaking at a high-profile economic forum in Chicago, Powell described these trade policies as a historic shift, unparalleled in modern …

Recent social media buzz has sparked claims that the European Union is set to ban American credit cards and payment platforms like Visa, Mastercard, and PayPal. However, these assertions misrepresent the EU’s actual plans. Far from outlawing these services, the European Central Bank is pushing for the creation of a …

Gold prices have shattered records, surging to an unprecedented $3,330 per ounce, driven by a potent mix of economic and geopolitical factors. Investors are flocking to the safe-haven metal as fears of persistent inflation, escalating tensions in key global regions, and uncertainty surrounding monetary policies grip markets. The relentless climb …

As global trade uncertainties intensify, the European Central Bank (ECB) is gearing up to reduce interest rates for the third time in 2025, with a pivotal decision slated for Thursday, April 17, 2025. Market expectations are firmly set on a 25-basis-point cut, with a 94% probability, though a modest 6% …

Oil prices rose 1% on Wednesday, rebounding from early losses as reports suggested a possible thaw in U.S.-China relations, even as persistent concerns over a prolonged trade war and slowing global demand continued to weigh on the broader outlook. As of 09:37 GMT: Brent crude futures were up 64 cents …

Gold prices surged to a record high in Asian trading on Wednesday, powered by strong safe haven demand amid deepening U.S.-China trade tensions and mounting uncertainty over the global tech sector, after Nvidia issued a significant impairment warning tied to U.S. chip export restrictions. Spot gold jumped 1.7% to $3,317.92/oz …