Forex Market

European stock markets edged lower on Friday, with investors taking profits after a strong week of gains. Despite this pullback, sentiment remained positive following U.S. President Donald Trump’s decision to delay reciprocal tariffs on major trading partners, including the European Union. As of 03:15 ET (08:15 GMT): Germany’s DAX fell …

Gold prices remained steady during Asian trading hours on Friday, hovering close to record highs despite a shift towards riskier assets after U.S. President Donald Trump postponed plans for reciprocal tariffs. However, steep losses in the U.S. dollar provided support for gold, as the greenback erased most of its recent …

The US dollar’s recent performance presents a puzzle. Despite robust Producer Price Index (PPI) data and a resilient labour market, the dollar has weakened, underscoring the powerful influence of geopolitical events and shifting market sentiment. This dynamic suggests that traditional economic indicators may, at times, take a backseat to broader …

The signing of a reciprocal tariff order has injected further uncertainty into global trade. The potential for escalating trade tensions increases investor nervousness, prompting a flight to safe-haven assets. Gold prices have surged, approaching record highs, driven by a confluence of factors including US dollar weakness, trade anxieties, and robust …

Federal Reserve Chair Jerome Powell stated that President Trump’s calls for lower interest rates won’t change the central bank’s rate decisions. Powell stated that the Fed will continue to make decisions based on the economy’s situation, despite Trump’s social media comments suggesting lower interest rates. The Fed has cut its …

The U.S. dollar weakened on Thursday, while the euro gained, as optimism grew over a potential resolution to the Russia-Ukraine conflict following discussions between U.S. President Donald Trump and the leaders of both nations. As of 09:25 GMT, the Dollar Index, which measures the greenback’s performance against a basket of …

Gold prices rose in Asian trade on Thursday, holding close to record levels despite a broader risk-on sentiment in financial markets fueled by renewed hopes for a peace treaty between Russia and Ukraine. The yellow metal’s strength was primarily driven by a weaker U.S. dollar, which declined even after January’s …

European stocks surged to a record high on Thursday, driven by strong earnings from Nestlé and growing market optimism over potential peace talks between the United States and Russia regarding the ongoing war in Ukraine. As of 08:13 GMT, the pan-European STOXX 600 index gained 0.5%, extending its record-breaking rally …

The Bank of Canada faces a complex challenge. Recent meeting minutes reveal that potential US tariffs are a central concern, prompting a pre-emptive rate cut to bolster economic activity. The council, including figures like Governor Tiff Macklem, are now carefully monitoring the economic landscape.Inflationary Pressures and the Risk of ContagionWhile …

Gold prices recovered 0.20% and are trading at $2,902 per ounce after having experienced a tumultuous week, swinging from record highs to significant losses. The precious metal’s roller-coaster ride reflects the complex interplay of economic data, Federal Reserve policy, and geopolitical risks. Gold Prices Chart – Source: TradingView Stronger-than-expected US …