Forex Market

In a speech delivered on Friday at the Society for Advancing Business Editing and Writing’s annual conference, Federal Reserve Chair Jerome Powell cautioned that the economic consequences of President Trump’s newly proposed tariffs could be far more significant than initially anticipated. Powell highlighted that these tariff increases, which exceed earlier …

Gold prices have declined for the second consecutive day, sliding more than 2.80% to a seven-day low of $3,023 per troy ounce, as the metal’s safe-haven allure fades. The drop follows remarks from Federal Reserve Chair Jerome Powell during a conference in Virginia, where he adopted a hawkish tone that …

The U.S. economy added more jobs than expected in March, but significant downward revisions to February’s employment numbers and an uptick in the unemployment rate have heightened uncertainty about the direction of the economy, complicating the Federal Reserve’s path forward on interest rates. According to data released Friday by the …

In a fresh escalation of the ongoing trade tensions between China and the United States, Beijing unveiled significant retaliatory measures on Friday, responding to recent tariff hikes announced by U.S. President Donald Trump. The Chinese Ministry of Finance announced the implementation of an additional 34% tariff on all American imports, …

Gold prices retreated slightly in Asian trading on Friday but were still headed for their fifth consecutive weekly advance, buoyed by sustained safe-haven demand amid concerns over U.S. President Donald Trump’s extensive tariff measures. Spot Gold slipped 0.4% to $3,101.35 per ounce by 02:10 ET (06:10 GMT). Earlier this week, …

The USD/CHF currency pair took a dramatic nosedive during Thursday’s trading session, plummeting to the 0.8600 zone—its lowest point since October. This steep decline, which saw the pair shed over 2% in a single day, marked a six-month low and underscored a broader wave of weakness gripping the US Dollar. …

The US Dollar is experiencing a sharp decline, plummeting towards the 102.00 mark as a confluence of factors shakes investor confidence. President Trump’s recently announced “Liberation Day” tariff plan, coupled with surprisingly weak economic data, has ignited fears of a looming economic slowdown, sending shockwaves through global markets. This sudden …

A significant shift in global oil markets occurred as major oil-producing nations announced a larger-than-anticipated supply increase, triggering a sharp drop in crude prices. The decision, made by a coalition of key oil-producing countries, will see an additional 411,000 barrels per day entering the market beginning next month.This move, intended …

On April 3, 2025, prominent Fitch ratings agency issued a stark warning about the U.S. economy, slashing its 2025 GDP growth forecast and pointing the finger at a bold new tariff policy dubbed “Liberation Day.” Announced just a day earlier, these tariffs impose a minimum 10% rate on all U.S. …

The Pound Sterling (GBP) surged to a near six-month high against the US Dollar (USD) on Thursday, breaching the 1.3200 mark, as President Donald Trump’s unexpectedly aggressive tariffs sent shockwaves through the global markets, igniting fears of a looming US recession. The dramatic rise in the GBP/USD pair was fueled …