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Forex Market

Oil Roars 2% Higher as Trump Warns “Patience Running Out” with Iran: Weekly Gains Hit 8% Despite Xi Summit Hopes

Key Takeaways Strong gains: Brent crude rose 1.9% to $107.69 per barrel, while WTI advanced 2.2% to $103.40. Massive weekly jump: Both contracts on track for 6-8% weekly gains. Trump’s hawkish turn: The president signaled “the military decimation of Iran (to be continued!)” on Truth Social. Patience running out: “I …

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Trump’s China Bombshell: Xi Agrees to Buy U.S. Oil, 200 Boeing Jets — and Cut Off Weapons to Iran

Key Takeaways Energy deal: Trump says China has agreed to buy U.S. oil and energy after talks with Xi in Beijing. Texas, Louisiana, Alaska: Chinese ships will reportedly head to those U.S. states to load crude. China’s “insatiable appetite”: Trump cited Beijing’s massive energy needs as the driving force. Boeing …

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Japan’s Finance Minister Signals Flexible Support Measures as Rising Energy Costs Pressure Households

Japan is preparing to take a more flexible economic approach as rising global energy costs continue to put pressure on households and businesses, according to remarks from Japanese Finance Minister Satsuki Katayama, as Tokyo eyes consumer protection amid global volatility. The comments come at a time of heightened uncertainty across …

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Gold and Silver Prices Fall as Strong US Dollar and Inflation Concerns Shake Global Markets

Gold and silver prices moved lower on Thursday as investors reacted to stronger US economic data, rising inflation concerns, and renewed expectations that interest rates in the United States could remain elevated for longer.Gold slipped toward the $4,650 level after recently hovering near record highs above $4,700 per ounce. Silver …

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Trump’s China Visit 2026: Trade Deals, Tariff Battles, and the New Economic Power Struggle

Reopening High-Stakes Economic Talks in BeijingUS President Donald Trump’s arrival in Beijing on Thursday, May 14, 2026, reignited one of the most closely watched geopolitical and economic dialogues of the decade. Meeting Chinese President Xi Jinping amid surging oil prices, global inflation, and renewed tariff disputes, the summit has become …

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U.S. Retail Sales Hold Their Ground in April: Consumer Resilience Defies Iran War Inflation Storm

Key Takeaways Modest monthly gain: U.S. retail sales rose 0.5% in April to $757.1 billion, matching market expectations. March revised down: The prior month’s reading was revised to 1.6% from the initial 1.7%. Strong annual growth: Retail sales were up 4.9% year-on-year in April. Three-month trend: Total sales for February …

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