Gold surged to an all-time high in Asian trade on Wednesday, as escalating U.S.-China trade tensions and geopolitical concerns drove strong safe-haven demand for the yellow metal. Spot gold rose 0.6% to a record $2,858.27 an ounce, while gold futures for April delivery climbed 0.4% to $2,885.39 an ounce. Trade …
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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5 February 2025 11:35 am
Gold Prices Hit Record High Amid U.S.-China Trade Tensions and Geopolitical Uncertainty
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5 February 2025 11:34 am
Bitcoin Retreats Below $100,000 Amid Intensifying U.S.-China Trade Tensions
Bitcoin extended its losses on Wednesday, retreating below the critical $100,000 threshold as escalating U.S.-China trade tensions fueled investor caution and heightened global market volatility. As of 1:45 ET (06:55 GMT), Bitcoin (BTC) was down 1.8% at $97,601.8, failing to sustain gains after briefly surpassing the six-figure milestone in recent …
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5 February 2025 1:08 am
Dow Jones Midrange Stability and Tariff Developments
Dow Jones PerformanceThe Dow Jones Industrial Average (DJIA) is comfortably hovering around the 44,450 mark on Tuesday. Despite persistent trade tensions with China, the market has adjusted to the expected tariff breaks.Trade Tensions and Tariff SuspensionPresident Donald Trump has once again delayed nearly all of his recent trade war tariffs, …
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5 February 2025 12:38 am
Market Drivers; US Session
The US dollar weakened further on Tuesday as markets reacted to US tariff announcements and potential Chinese retaliation. Here’s a market overview for Wednesday, February 5th:US Dollar Index (DXY): The dollar index remained above 108.00 due to tariff concerns and rising US yields, failing to mount a recovery. Key US …
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4 February 2025 11:34 pm
CAD rebounds after tariff linked fears
The Canadian dollar (CAD) rebounded strongly on Tuesday, recovering 1.55% after earlier fears of US tariffs subsided. The US had threatened tariffs on Canadian goods, including a 25% levy on all goods and a 10% import fee on energy products. However, these threats were withdrawn for 30 days. This decision …
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4 February 2025 10:47 pm
Euro gains momentum, eyes key resistance
Euro Gains Momentum, Eyes Key ResistanceThe euro (EUR) has gained ground against the US dollar (USD) on Tuesday, rising to 1.0335 and demonstrating renewed bullish momentum. A key development has been the pair’s decisive break above the 20-day Simple Moving Average (SMA) at 1.0360. This level had previously acted as …
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4 February 2025 9:53 pm
Pound Sterling Gains Amid Tariff Row
The British pound (GBP) has strengthened against the US dollar (USD) for the second consecutive day. This upward movement follows the delay of US tariff threats on Mexico and Canada. The postponement is due to ongoing negotiations between the involved parties, focused on combating fentanyl trafficking and illegal immigration. 1 …
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4 February 2025 7:43 pm
Oil Prices Surge as Markets Respond to Trump’s Iran Strategy
On February 4, 2025, oil prices saw a notable increase as the markets grappled with President Trump’s escalated “maximum pressure” campaign against Iran. Brent crude prices climbed to $76.34 per barrel, marking a 0.50% rise, while WTI’s earlier loss decreased to a mere 0.31% drop, settling at $72.93 per barrel.Trump’s …
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4 February 2025 7:04 pm
US JOLTs Decline and Greenback Reacts
US job openings decreased to 7.6 million in December, according to the Job Openings and Labor Turnover Survey (JOLTS) released by the Bureau of Labor Statistics (BLS). This figure fell short of the 8 million forecast and followed 8.15 million openings in November. The BLS also reported that hires and …
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4 February 2025 4:29 pm
China Retaliates with Broad Sanctions on U.S. Businesses Amid Trade Tensions
China escalated its trade dispute with the United States on Tuesday by imposing a series of targeted measures against U.S. companies, including Google (NASDAQ:GOOGL), PVH Corp (NYSE:PVH), and major farm equipment manufacturers. The move came minutes after Washington’s new tariffs on Chinese goods took effect, further intensifying tensions between the …
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4 February 2025 3:44 pm
Forex: U.S. Dollar Steadies Amid Trade Tensions as Markets Assess Tariff Risks
The U.S. dollar held firm on Tuesday as investors viewed President Donald Trump’s tariff threats primarily as a negotiating tactic rather than an immediate escalation of trade hostilities. This assessment followed Trump’s decision to suspend planned tariffs on Mexico and Canada, a move that provided temporary relief to markets. However, …
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4 February 2025 2:18 pm
European Markets Decline as Trade War Concerns Weigh on Sentiment
European equities edged lower on Tuesday, pressured by declines in automobile and telecom stocks, as escalating trade tensions between the United States and China unsettled investors. The pan-European STOXX 600 index declined 0.3% in early trading, extending losses from Monday when the benchmark posted its largest single-day drop in over …
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4 February 2025 1:22 pm
China Retaliates with Tariffs and Trade Restrictions as U.S. Duties Take Effect
China swiftly responded to new U.S. tariffs, escalating tensions between the world’s two largest economies, even as President Donald Trump temporarily spared Canada and Mexico. Key Developments: U.S. Tariffs Take Effect: A 10% tariff on all Chinese imports to the U.S. started at 12:01 a.m. ET Tuesday. Trump justified the …
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