Forex Market

European stock markets sank on Friday as investors digested the latest European Central Bank (ECB) rate reduction ahead of key U.S. employment data, amid persistent uncertainty over U.S. trade policies. At 06:30 ET (11:30 GMT), the pan-European Stoxx 600 dropped 0.5%, Germany’s DAX fell 1.6%, France’s CAC 40 slipped 1.0%, …

Oil prices in Asian trading remained nearly unchanged on Friday, hovering close to their weakest levels for the year, as fears of increased U.S. trade tariffs continued to dampen risk appetite. Brent crude futures for May delivery rose 0.2% to $69.60 per barrel, while West Texas Intermediate crude futures climbed …

President of France Emmanuel Macron is exploring the possibility of extending France’s nuclear deterrence to include European allies, addressing the escalating threat posed by Russia. This proposal arises amidst growing doubts about the United States’ dedication to European security and NATO, particularly following actions by former U.S. President Donald Trump …

NFP Anticipation: Jobs Growth Expected Amidst Economic ShiftsThe US labor market’s health is once again under scrutiny as the February Nonfarm Payrolls (NFP) report approaches. Scheduled for release on Friday, March 7, the data is expected to reveal the creation of approximately 160,000 net new jobs. Economists also anticipate a …

A significant and unexpected surge in Canada’s goods trade surplus in January was primarily caused by Canadian companies accelerating shipments to the United States to preempt potential tariffs. The substantial increase in exports to the U.S. was a direct response to the threat of levies. A corresponding, though smaller, rise …

The potential impact of escalating US tariffs on the UK economy, and indeed the global economy, is a cause for serious concern, according to the Governor of the Bank of England, Andrew Bailey. Speaking before MPs, Bailey emphasized that these tariffs could significantly hinder economic growth and present “substantial” risks.The …

The European Central Bank (ECB) has announced a 25 basis point reduction in its policy rate, bringing the deposit rate to 2.50%. This decision signals a shift in the ECB’s assessment of its monetary policy, with the central bank now viewing its stance as “becoming meaningfully less restrictive.” This suggests …

Goldman Sachs strategists have signaled a modest upside for European stocks, even as the market continues to show strong performance forecasts for 2025. In a recent note, Guillaume Jaisson and his colleagues highlighted that while Europe now trades at a forward P/E of 14.2x—slightly above historical averages—it still commands a …

Gold prices edged higher in Asian trading on Thursday as the U.S. dollar slid to a four-month low amid indications that President Donald Trump might be open to negotiating his recently imposed steep trade tariffs. Spot gold inched up 0.1% to $2,921.42 per ounce, while April gold futures gained 0.1% …

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 …