Forex Market

Oil prices held steady on Thursday following a steep decline, as investors weighed Saudi Arabia’s willingness to tolerate lower prices, a potential increase in OPEC+ production, and weak U.S. economic data pointing to recession risks. Brent crude futures slipped 6 cents, or 0.1%, to $61.00 a barrel by 07:30 GMT. …

Gold prices slumped further in Asian trading on Thursday, falling for a third consecutive session, as renewed optimism around potential U.S. trade deals sapped safe-haven demand for the precious metal. Spot gold fell 1.5% to $3,240.30/oz, while June futures lost 2.1% to $3,248.64/oz—marking their lowest levels since mid-April. 🔍 Key …

The US Dollar Index (DXY) surged to two-day highs near 99.70, driven by fading US-China trade tensions and lackluster US economic data. With markets largely shuttered for the May 1, 2025, Labour Day holiday, the dollar’s rally underscores shifting investor priorities. The Federal Reserve faces a critical juncture, needing to …

The US Dollar Index (DXY) lingers near 99.30, reflecting investor caution as economic signals falter and scrutiny of Federal Reserve policy intensifies. A surprising GDP contraction, sticky inflation, and upcoming data releases keep markets on edge. The path ahead hinges on whether the Fed can navigate these challenges without tipping …

The United States economy experienced an unexpected contraction in the first quarter of 2025, shrinking by 0.3%, according to the US Commerce Department. This marked a significant downturn from the 2.4% growth recorded in the final quarter of 2024 and fell short of economists’ expectations of a modest 0.3% expansion. …

The EUR/USD currency pair traded near the 1.1350 level on Wednesday, experiencing a slight retreat after earlier gains in the session. Despite this modest pullback, the pair’s broader bullish trend remains firmly intact, underpinned by the strong alignment of both short- and long-term moving averages. Technical indicators, however, signal a …

Gold prices extended their decline on Wednesday as improved sentiment around U.S. trade policy and tariff relief reduced demand for safe-haven assets. Still, the precious metal remains on track for a nearly 6% monthly gain in April, marking its fourth consecutive monthly rise. Spot Gold: ↓ 0.4% to $3,305.10/oz Gold …

Oil prices continued their sharp decline on Wednesday, deepening a rout that has pushed both Brent and WTI crude toward their worst monthly performance in over three years. Brent crude fell 72 cents (-1.12%) to $63.53 per barrel (as of 04:04 GMT). WTI crude dropped 70 cents (-1.16%) to $59.71 …

On Tuesday, April 30, 2025, Bitcoin experienced a slight downturn, closing at $94,217 per unit after reaching a daily high of $95,479 and a low of $94,084. This decline followed a technical correction triggered by profit-taking after the cryptocurrency surpassed the $95,000 mark, a level that has recently prompted intense …

On Tuesday, April 30, 2025, the U.S. dollar gained further ground, buoyed by positive developments in U.S. trade policy. A report from The Wall Street Journal revealed that President Donald Trump is contemplating a reduction in tariffs on imported automobiles, alongside a potential elimination of duties on U.S.-manufactured auto parts. …