Gold prices edged lower in Asian trading on Friday as: The U.S. dollar strengthened ahead of key inflation data. Investors awaited the U.S. PCE price index, the Federal Reserve’s preferred inflation gauge, for further rate signals. At 01:44 ET (06:44 GMT): Spot gold fell 0.4% to $2,864.94 per ounce. Gold …
Read More »Mark Carney Takes the Helm: Canada’s New PM Faces Trump and Global Trade Challenges
Newly-appointed Canadian Prime Minister Mark Carney officially assumed office on Friday morning, suc…
Oil Gains Amidst Geopolitical Tempest and Shifting Demand Forecasts
Despite a week dominated by fluctuating geopolitical tensions and evolving economic forecasts, oil p…
Fresh Deadline Drama: Senate Poised to Avert Shutdown
Funding Bill on the Brink of PassageThe Senate is set for a pivotal test vote this afternoon on the …
PPI Shadowed: GBP/USD Wobbles Amid GDP Shock and Surging US Inflation Fears
The Pound Sterling (GBP) faced renewed pressure against the US Dollar (USD) this week, with GBP/USD …
Changpeng Zhao Denies Ties of Trump Family Ties and Binance Amid Controversy
Changpeng Zhao (CZ), the founder and former CEO of Binance, the globe’s largest cryptocurrency…
Gold Shatters $3,000 Barrier: Historic Safe-Haven Surge Amid Global Uncertainty
In a landmark moment, gold prices surged past the $3,000 per ounce threshold on Friday, marking an a…
Bristol Myers Squibb Gains Expanded EU Approval for CAR-T Therapy Breyanzi
The European Commission has granted Bristol Myers Squibb (NYSE: BMY) an expanded approval for its CA…
Forex Market Overview: Yen Weakens, Pound Slips, Dollar Recovers
The Japanese yen weakened on Friday after concluding union wage negotiations, while the British poun…
Oil Prices Rebound as Ukraine Conflict Persists, Trade War Concerns Loom
Oil prices bounced back on Friday, recovering some of the previous session’s losses, as the Uk…
Gold Prices Hold Near Record Highs Amid Trade Tensions, Rate Cut Expectations
Gold prices remained steady at all-time highs in Asian trading on Friday, driven by escalating U.S.-…
Market Analysis
February, 2025
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28 February 2025 12:02 pm
Gold Prices Decline as Dollar Gains, But Remain on Track for Monthly Increase
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28 February 2025 11:07 am
Oil Prices Decline Amid Tariff Uncertainty and Russia-Ukraine Peace Talks
Oil prices fell in Asian trading on Friday, extending their monthly losses as: Concerns over U.S. trade tariffs weighed on global demand. Hopes for a Russia-Ukraine peace deal raised the prospect of lifted sanctions and increased oil supply. At 21:38 ET (02:38 GMT): Brent crude futures dropped 0.4% to $73.30 …
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28 February 2025 1:37 am
Market Drivers; US Session: Dollar Gains on Tariffs, Eyes US Inflation Data
The US dollar surged to multi-day highs, driven by President Trump’s new tariff announcements and cautious trading ahead of crucial US inflation data (PCE) due Friday.Key Highlights for Friday, February 28:US Dollar (DXY): Climbed past 107.00, supported by tariff news and rising US Treasury yields. Key US data releases include …
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28 February 2025 12:30 am
Canadian Dollar Plummets on Tariff Threats
The Canadian Dollar experienced a significant downturn on Thursday, shedding over 0.7% against the US Dollar and marking its fifth consecutive day of losses. This decline propelled the USD/CAD exchange rate to 1.440, a level not seen since early February, signaling growing market unease. The primary catalyst for this volatility …
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27 February 2025 11:54 pm
Inflation Progress Stalls, Fed Officials Signal Patience Amid Upcoming Data
Federal Reserve officials are increasingly emphasizing a slowdown in inflation progress, with Philadelphia Fed President Patrick Harker joining the chorus on Thursday. This coordinated messaging comes ahead of the highly anticipated Personal Consumption Expenditures Price Index (PCEPI) release, where expectations lean toward an upside surprise, suggesting renewed inflationary pressures within …
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27 February 2025 10:30 pm
Tariff Threats Push Dow Lower Despite Initial Gains
The Dow Jones Industrial Average (DJIA) experienced a turbulent trading session on Thursday, marked by significant volatility. Initially, the DJIA surged by approximately 400 points, driven by a rebound in heavily weighted stocks. However, this upward momentum was ultimately curtailed by renewed tariff threats from U.S. President Donald Trump, leading …
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27 February 2025 9:08 pm
Dollar Rises as GDP Data Points to Stubborn Inflation
The US Dollar is experiencing broad gains after the second release of the US GDP report. Traders were caught off guard by the rising inflation components. The US Dollar Index (DXY) has broken above 107.00 and continues to climb.The US Dollar experienced a significant surge, with the US Dollar Index …
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27 February 2025 8:49 pm
BoJ official complains of US policy uncertainty
Bank of Japan (BoJ) Governor Kazuo Ueda noted on Thursday that US policy uncertainty is impacting how central banks are doing their jobs, and highlighted that the BoJ will be watching data closely in the runup to possible widespread tariffs.Key highlightsIt was notable many countries warned of high uncertainty on …
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27 February 2025 7:50 pm
Trump’s Tariffs Coming March 4
On Thursday, US President Donald Trump took to social media platform X (formerly known as Twitter) to announce that his planned 25% tariff package targeting Mexico and Canada will now come into effect on March 4, instead of the previously reaffirmed date of April 2. Additionally, President Trump revealed that …
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27 February 2025 5:02 pm
European Markets Decline Amid U.S. Tariff Concerns
European stock markets traded lower on Thursday following U.S. President Donald Trump’s announcement of 25% tariffs on imports from the European Union. At 03:15 ET (08:15 GMT): Germany’s DAX dropped 1%. France’s CAC 40 slipped 0.3%. The UK’s FTSE 100 remained unchanged. Trump, speaking during his first Cabinet meeting on …
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27 February 2025 2:29 pm
Bitcoin Extends Losing Streak, Hovering Near Three-Month Low
Bitcoin continued its downward trend for the fourth consecutive day on Thursday, as concerns over U.S. tariffs and broader risk-off sentiment weighed on the cryptocurrency market. At 02:12 ET (07:12 GMT): Bitcoin fell 2.8% to $86,246.28, remaining near its lowest level since mid-November 2024. The token had dipped as low …
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27 February 2025 1:57 pm
Oil Prices Edge Up After Two-Month Low, Market Eyes Mixed U.S. Inventory Data
Oil prices rebounded slightly in Asian trading on Thursday, recovering from a two-month low as investors analyzed President Donald Trump’s fresh tariff threats and a mixed U.S. inventory report. At 21:55 ET (02:55 GMT): Brent Oil Futures rose 0.3% to $72.77 per barrel Crude Oil WTI Futures (March expiry) gained …
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27 February 2025 12:38 pm
European Markets Decline as Trump Confirms Tariffs on EU Imports
European stocks traded lower on Thursday as markets reacted to U.S. President Donald Trump’s announcement of 25% tariffs on European Union imports, escalating trade tensions between the two economies. Market Performance At 03:15 ET (08:15 GMT): Germany’s DAX fell 1% France’s CAC 40 slipped 0.3% UK’s FTSE 100 remained unchanged …
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