Forex Market

Gold prices have continued their upward trajectory since the start of trading on Monday, following their record-breaking highs achieved last Friday. This surge is fueled by a confluence of factors that are expected to propel the precious metal even higher in the near future.Gold closed last week on a strong …

A note of caution has sounded within the US economy as retail sales for February fell short of expectations, fueling concerns about a potential slowdown in consumer spending. Newly released data from the Commerce Department revealed a modest 0.2% increase in retail purchases, significantly trailing the anticipated 0.6% rise predicted …

Oil prices traded higher on Monday as the U.S. vowed continued strikes on Yemen’s Houthis, while Chinese economic data fueled optimism for stronger demand. Brent crude: +0.9% to $71.21/barrel WTI crude: +0.9% to $67.80/barrel Key Drivers Behind the Oil Price Surge 1. U.S. Military Action Against Houthis President Donald Trump …

Gold prices edged lower in Asian trade on Monday, following a record-breaking rally, as investors balanced safe-haven demand against signs of progress in global geopolitical tensions. Spot Gold: Down slightly to $2,982.80/oz Gold Futures (April): Fell 0.3% to $2,991.62/oz (by 01:14 ET / 05:14 GMT) Friday’s Record High: $3,005.08/oz Safe-Haven …

Gold concluded the week on a strong upward trajectory, recording significant gains driven by the weakness of the U.S. dollar. This performance was further bolstered by diminished risk appetite in financial markets and reports highlighting a substantial increase in central bank purchases of the precious metal. Several factors contributed to …

Newly-appointed Canadian Prime Minister Mark Carney officially assumed office on Friday morning, succeeding Justin Trudeau. In his first public statements as leader, Carney made it clear that he intends to address the challenges posed by U.S. President Donald Trump’s aggressive trade policies. The Trump administration’s escalating global trade war has …

Funding Bill on the Brink of PassageThe Senate is set for a pivotal test vote this afternoon on the House-passed government funding bill, with a potential shutdown looming tonight. A major breakthrough occurred last night as Senate Minority Leader Chuck Schumer, D-N.Y., announced his support for the measure, significantly boosting …

The Pound Sterling (GBP) faced renewed pressure against the US Dollar (USD) this week, with GBP/USD dipping but managing to cling above the crucial 1.2900 psychological level. This precarious balance reflects a confluence of economic uncertainties, both in the UK and the US, that are keeping traders on edge.A key …

The Japanese yen weakened on Friday after concluding union wage negotiations, while the British pound edged lower following weak UK economic data. The US dollar managed to extend its rebound amid trade tensions, global slowdown fears, and geopolitical uncertainties. Key Currency Movements: 1. Japanese Yen Weakens After Wage Talks USD/JPY: …

Oil prices bounced back on Friday, recovering some of the previous session’s losses, as the Ukraine conflict remains unresolved, limiting the prospect of increased Russian energy supplies. Key Oil Price Movements: Brent Crude Futures: $70.52/barrel, up 0.9% (+64 cents). West Texas Intermediate (WTI): $67.26/barrel, up 1.1% (+71 cents). Market Drivers: …