Forex Market

Gold prices fell sharply again in Asian trade on Friday, extending a bout of profit-taking after U.S. President Donald Trump said he will announce his nominee for the next Federal Reserve chair later in the day. Spot gold dropped 3.6% to $5,180.26 an ounce by 01:28 ET, while April gold …

Oil prices slipped slightly in early trading, with US crude hovering near $64 a barrel after several days of gains. Despite the modest decline, prices remain firmly higher over the month, reflecting strong underlying support. Middle East Tensions Keep Risk Premium Alive Heightened tensions between the United States and Iran …

Emergency Accord Keeps Government Open: US President Donald Trump and Senate Democrats have reached a tentative agreement to avoid a US government shutdown, easing immediate political and economic pressure as a critical funding deadline nears.Short-Term Funding, Longer Battles AheadThe plan would fast-track five full-year appropriations bills while funding the Department …

The US administration is moving closer to announcing a new chair for the Federal Reserve, signaling a potentially significant shift in monetary policy at a sensitive moment for the American economy. President Donald Trump said he plans to unveil his choice to replace current Fed Chair Jerome Powell, a decision …

Trade Tensions Escalate Between US and CanadaUS President Donald Trump has threatened to impose a steep 50% tariff on all aircraft imports from Canada, accusing Ottawa of unfairly blocking certification of Gulfstream business jets. Trump said the decision to “decertify” Canadian-made aircraft will stand until Gulfstream, an American company, is …

The U.S. dollar remained under pressure on Thursday, hovering near a four-year low as economic and political uncertainty continued to weigh on sentiment following the Federal Reserve’s decision to keep interest rates unchanged. By early European trade, the Dollar Index slipped 0.2% to 96.080, remaining close to levels last seen …

Gold prices surged to fresh record highs on Thursday, climbing close to the $5,600-an-ounce mark as investors rushed into safe-haven assets following reports that U.S. President Donald Trump is considering a new military strike on Iran. Spot gold jumped more than 2% to a record $5,595.41 an ounce, while April …

Federal Reserve Chair Jerome Powell emphasized caution as the central bank opted to keep its benchmark interest rate unchanged at 3.50%–3.75% during its January meeting. Powell made it clear that no rate hike is expected as the next move, underscoring a flexible, data-driven approach rather than a preset path for …

Federal Reserve Chair Jerome Powell used the post-meeting message to reinforce a strategy of continuity rather than change. By keeping interest rates unchanged, policymakers emphasized that the current stance remains appropriate given the balance of risks facing the economy. The decision reflected confidence in existing policy tools and a reluctance …

PoweKeeps Policy Steady at Start of 2026Federal Reserve Chair Jerome Powell opened the year by signaling patience, as policymakers left interest rates unchanged at their January meeting. The decision matched market expectations, shifting attention away from the move itself and toward Powell’s message about the economic road ahead.Powell Flags Inflation …