Forex Market

Oil prices surged sharply in Asian trading on Thursday, rebounding from multi-year lows as U.S. concessions on recent tariffs helped lift market sentiment. The recovery came as traders weighed increased U.S. tariff pressures on China, Canada, and Mexico against expectations of higher oil supplies following an OPEC+ agreement to boost …

White House Press Secretary Karoline Leavitt announced that President Donald Trump has granted the U.S. automotive industry—a sector heavily reliant on international trade—a one-month exemption from the newly imposed 25% tariffs on imports from Canada and Mexico. The administration is also exploring additional exemptions or delays, signaling a shift in …

The gold market is currently experiencing significant volatility, with XAU/USD trading near a weekly high of $2,929.08. This surge is primarily driven by a weakening US Dollar, which has been pressured by escalating trade war tensions and disappointing US economic data. President Trump’s recent tariff announcements, coupled with his downplaying …

The European Central Bank (ECB) is poised to announce its March policy rate decision, with a 25-basis-point cut widely expected, bringing the Deposit Facility Rate down to 2.5%. This move reflects the Eurozone’s relatively weaker economic performance compared to the United States, prompting a divergence in monetary policy. While the …

The US Dollar (USD) is experiencing a significant downturn, extending its losses for a third consecutive day against major currencies. The US Dollar Index (DXY), which measures the USD’s performance against a basket of six currencies, fell to near 105.00, its lowest level since early November, marking a more than …

The U.S. service sector demonstrated robust growth in February, according to the latest report from the Institute for Supply Management (ISM). The ISM Services PMI climbed to 53.5, exceeding both January’s reading of 52.8 and analysts’ forecasts of 52.6. This indicates a notable acceleration in the sector’s expansion.Digging deeper into …

European stock markets surged on Wednesday as investors rallied on expectations that a compromise on U.S. trade tariffs may be in the offing, while strong policy moves in Germany to boost defense spending further lifted sentiment. At 06:20 ET (11:20 GMT), Germany’s DAX climbed 3.4%, France’s CAC 40 gained 2%, …

The U.S. dollar slipped further on Wednesday, reaching a three-month low as concerns mounted that a trade war initiated by President Donald Trump could slow growth in the world’s largest economy. At 04:00 ET (09:00 GMT), the Dollar Index, which measures the greenback against a basket of six major currencies, …

Gold prices have experienced a significant surge, propelled by a confluence of factors including escalating trade tensions, mounting recessionary fears within the United States, and a weakening US Dollar. The XAU/USD pair climbed to $2,918, marking a notable increase as investors sought refuge in the precious metal. This surge is …

The US Dollar’s sharp decline continued Tuesday, hitting its lowest point since early December as economic concerns mounted ahead of crucial US labor data. Investors are bracing for a busy Wednesday, March 5th:Dollar Weakness: The US Dollar Index (DXY) breached the 106.00 support level, plummeting to a three-month low. This …