Forex Market

President Donald Trump is set to officially swear in Kevin Warsh as the new chair of the Federal Reserve during a White House ceremony on Friday, marking the beginning of a major transition at the US central bank during a period of heightened market volatility and persistent inflation concerns.Warsh will …

Global oil markets are facing mounting turmoil as uncertainty surrounding the Strait of Hormuz continues to shake investor confidence and fuel fears of a deeper energy supply crisis. The strategic waterway, which carries nearly a fifth of the world’s seaborne oil and gas shipments, has once again become the focal …

The British Pound retreated against the US Dollar on Thursday after renewed uncertainty surrounding negotiations between Washington and Tehran revived demand for the Greenback and pushed oil prices sharply higher. The currency pair slipped back toward the 1.34 area after failing to hold earlier gains, as traders reassessed geopolitical risks …

Key Takeaways Gold edges down: Spot gold fell 0.2% to $4,536.09 per ounce, while gold futures dropped 0.5% to $4,536.01. “Final stages”: Trump said the U.S. is in the final stages of a potential draft peace agreement with Iran. Nasty warning remains: The president cautioned of “a little bit nasty” …

Key Takeaways Modest losses: The Stoxx 600 slipped 0.2%, Germany’s DAX fell 0.2%, the FTSE 100 dropped 0.4%, and France’s CAC 40 was mostly unchanged. Nvidia smashes records: April quarter sales spiked 85% year-on-year to $81.6 billion, while net income hit $58.3 billion — over three times higher than a …

The Euro recovered against the US Dollar on Wednesday, with the EUR/USD pair rising around 0.2% after rebounding from its lowest level in six weeks. The move was largely driven by short-covering activity as the US Dollar surrendered earlier gains and turned lower during the session.The reversal in the Dollar …

The US Dollar weakened against major global currencies on Wednesday as improving sentiment surrounding US-Iran negotiations reduced demand for traditional safe-haven assets. The US Dollar Index drifted lower toward the 99.10 region, reflecting a broader shift toward risk appetite across currency markets despite the Federal Reserve maintaining a cautious and …

The global wave of artificial intelligence-driven layoffs is accelerating at a pace far beyond last year, signaling a major transformation in how companies operate, hire, and invest. By mid-May 2026, more than 113,000 workers had lost their jobs across 179 companies, with layoffs running roughly one-third higher than the same …

Investors are closely awaiting the release of the latest Federal Reserve meeting minutes as markets search for clues about the future path of US interest rates amid rising inflation concerns and mounting economic uncertainty. The minutes from the Fed’s April policy meeting are expected to reveal how deeply divided policymakers …

Silver prices staged a strong comeback on Wednesday as investors rushed back into precious metals following a retreat in US Treasury yields and rising geopolitical tensions in the Middle East.The metal rebounded sharply after suffering heavy losses in the previous session, with renewed safe-haven demand helping push prices higher as …