U.S. stock futures remained largely unchanged on Monday night, following a day of significant gains in the major averages. The uptick in the markets came as investors grew hopeful that President Donald Trump might scale back his initial plans for extensive tariffs. Futures linked to the S&P 500 saw a …
Read More »Why are financial markets on the edge ahead of PCE data
Investors are gearing up for a pivotal week packed with critical economic data, Federal Reserve insights, and a flurry of earnings reports from retail and consumer giants. With consumer sentiment showing signs of strain and the Fed sticking to its current rate stance, all eyes are on whether this week’s …
Read More »EUR/USD retreats following Upeat Services PMI
Economic Signals Send Mixed Messages Monday’s preliminary Purchasing Managers’ Index (PMI) data for March painted a fragmented picture of global economies. In Europe, France’s PMI readings from S&P Global and Hamburg Commercial Bank (HCOB) surpassed expectations and February’s figures in both manufacturing and services, yet still signaled contraction. Germany and …
Read More »Oil Prices Rise Amid U.S. Sanctions on Iran and Ukraine Ceasefire Talks
Oil prices edged higher on Monday, supported by fresh U.S. sanctions on Iranian crude exports, while ongoing ceasefire discussions between Russia and the U.S. over Ukraine introduced supply uncertainty in global markets. Key Price Movements: Brent crude futures: Up 36 cents (0.5%) to $72.52 per barrel. U.S. West Texas Intermediate …
Read More »Eurozone Business Growth Picks Up Slightly in March, Led by Manufacturing
Eurozone business activity showed signs of modest recovery in March, expanding at its fastest pace in seven months, according to the latest HCOB Composite PMI data. The gradual improvement was driven by an easing in the long-running manufacturing downturn, though slower growth in the services sector acted as a drag …
Read More »Dollar Slips Amid Tariff Uncertainty, Euro Gains on German PMI Data
The U.S. dollar edged lower on Monday, retreating from recent highs as uncertainty over President Trump’s upcoming tariff policies weighed on market sentiment. Meanwhile, the euro rebounded following solid German economic data. At 05:10 ET (09:10 GMT), the U.S. Dollar Index (DXY) traded 0.1% lower at 103.640, after reaching a …
Read More »Gold Prices Edge Lower as Market Reacts to Softer Trump Tariff Expectations
Gold prices dipped in Asian trading on Monday, retreating further from record highs as reports indicated that U.S. President Donald Trump’s April 2 tariffs may be less severe than feared, reducing demand for safe-haven assets. However, a softer dollar helped limit gold’s losses, while broader metal prices advanced, supported by …
Read More »Bitcoin Surges as Market Cheers Trump’s Tariff Strategy
Bitcoin soared at the start of the week, rallying to $87,127.50 by 02:12 ET (06:12 GMT) on Monday, as investors welcomed reports that U.S. President Donald Trump may adopt a targeted, rather than broad, tariff approach starting April 2. Key Factors Behind Bitcoin’s Rally Targeted Tariffs Over Industry-Wide Levies A …
Read More »Weekly Financial Market Recap: Entangled Volatility Amid Trade Tensions and Strategic Adaptation
Global financial landscape this week were shaped by a convergence of trade policy upheavals, measured responses from central banks, and supply-side pressures, resulting in a dynamic interplay of volatility and strategic adjustments. This analysis explores movements in gold, crude oil, U.S. equities, cryptocurrencies, and key currency pairs, with a focus …
Read More »XAU/USD Dips but Shines Weekly as US Dollar Holds Firm and Geopolitical Heat Rises
Gold prices dipped on Friday, with XAU/USD trading at $3,019, down 0.81%, marking a second consecutive day of retreat as traders locked in profits ahead of the weekend. Despite this pullback, the precious metal is on track to secure weekly gains, buoyed by a resilient US Dollar, with the US …
Read More »