Oil Prices Rise on New Sanctions Against Iran and Iraq’s OPEC+ CommitmentOil prices saw an upward movement on Monday due to newly imposed U.S. sanctions on Iran and Iraq’s renewed commitment to the OPEC+ agreement. These factors have raised concerns about near-term supply tightness, helping the market recover from Friday’s …
Read More »Trump: Europe Must Play a Central Role in Ensuring Long-Term Security in Ukraine
US President Donald Trump addressed the media on Monday with remarks about the ongoing peacemaking efforts between Ukraine and Russia. With Russia’s military operation in Ukraine stretching over a thousand days, despite initial expectations of a swift conquest, President Trump, who has been seeking to strengthen ties with Russian President …
Read More »Market Drivers – US Session
Dollar Fights Back: Key Data, Fed Speeches on Tap This WeekThe US Dollar began the week on the defensive, hitting multi-week lows, but managed a rebound amidst a confluence of factors including tariff concerns, lower yields, and renewed worries about the US economy’s health. The US Dollar Index (DXY) fell …
Read More »Calm After the Storm: Dollar Steady, Awaiting GDP and PCE Data
The US Dollar (USD) has rebounded after an initial dip, stabilizing around 106.50 on the US Dollar Index (DXY), which measures the USD against six major currencies. Early losses, triggered by positive German election results for the Christian Democratic Union (CDU), quickly subsided as the outcome eased market anxieties about …
Read More »Dow Rebounds: 300-Point Climb After Confidence Dip
The Dow Jones Industrial Average (DJIA) rebounded on Monday, rising over 300 points from its low point, attempting to recover from last week’s losses triggered by disappointing consumer confidence data. While the market opened the week with a positive bias, gains were modest due to lingering concerns.Following concerning consumer sentiment …
Read More »BoE’s Cautious Approach Boosts Pound, US Data Disappoints
The Pound Sterling (GBP) has advanced against other currencies as investors anticipate a more measured approach to monetary easing from the Bank of England (BoE). Strong UK retail sales, higher-than-expected January inflation (CPI) data, and robust wage growth in the three months to December have led traders to reduce their …
Read More »Is Gold’s Bullish Momentum Targeting New Heights?
Gold markets continue to exhibit strong bullish momentum, currently testing all-time highs. Despite a minor initial pullback on Monday, the market quickly rebounded, signaling underlying strength and positive sentiment. This price action reinforces the prevailing bullish outlook for gold.A breakout to the upside appears increasingly likely. Should this occur, there’s …
Read More »U.S. Stock Futures Rise as Investors Await Nvidia’s Earnings Report
U.S. stock futures moved higher on Monday, signaling a modest rebound from last week’s losses. Investors are closely watching Nvidia’s (NASDAQ: NVDA) highly anticipated earnings report, scheduled for release after the market closes on Wednesday. Market Overview (as of 05:30 ET / 10:30 GMT): Dow futures rose 294 points (+0.7%) …
Read More »Oil Prices Drop as Markets Await Ukraine Peace Talks and Iraqi Exports Resumption
Oil prices extended their losses on Monday as investors closely monitored diplomatic efforts to resolve the war in Ukraine and assessed the potential impact of resumed crude exports from northern Iraq. Market Overview: Brent crude fell by $0.14 (-0.2%), trading at $74.29 per barrel by 08:43 GMT. West Texas Intermediate …
Read More »Gold Prices Hold Near Record Highs Amid U.S. Economic, Tariff Concerns
Gold prices traded flat-to-lower on Monday, remaining close to recent record highs, as safe-haven demand surged amid growing uncertainty over the U.S. economy and potential trade tariffs. Key Market Moves Spot gold rose 0.1% to $2,940.18 per ounce, while April gold futures remained flat at $2,952.97 per ounce (as of …
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