The dollar index retreated on Tuesday after a host of economic data releases indicated the U.S. economy remains resilient and may not be close to a recession, while the euro strengthened after comments from European Central Bank (ECB) President Christine Lagarde.The greenback retreated further after data showed new orders for …
Read More »GBP/USD Stalls as Trump’s Tariffs and Policy Splits Pressure Markets
The Pound Sterling hovers near 1.3638 on July 7, 2025, caught between US-Iran tensions, US President…
Treasury Yields Climb as Trump’s Tariffs Stir Oil Market Concerns
US President Donald Trump’s tariff announcements on July 7, 2025, targeting imports from Japan and S…
Oil prices defy expectations post OPEC’s Decision
On Monday, oil prices defied expectations, climbing despite OPEC+’s surprise production hike, fueled…
EUR/JPY Climbs: Are Trump’s Tariffs and EU Trade Hopes a Game-Changer?
The EUR/JPY pair is riding a wave of optimism, fueled by prospects of a US-EU trade deal and a robus…
Trump Targets Japan and South Korea with a Separate 25% Tariff
On Monday, US President Donald Trump announced the imposition of a 25% tariff on imports from Japan …
Markets Reel as Trump’s Tariffs and Iran Tensions Boost Dollar
President Donald Trump’s tariff threats targeting over 100 countries by July 9, 2025, coupled with h…
Stock Futures Slide Amid Trade Uncertainty and Concerns Over Tariffs
U.S. stock index futures fell Monday, as growing uncertainty surrounding President Donald Trump’s tr…
Oil Prices Struggle as OPEC+ Hikes Output Amid Trade Concerns
Oil prices showed some resilience on Monday, recovering from earlier losses despite concerns surroun…
European Stocks Mixed as Investors Await U.S. Trade Deal Deadline
European stocks showed a mixed performance on Monday, with investors remaining cautious ahead of the…
German Industrial Production Surpasses Expectations in May Despite Recent Slowdowns
German industrial production showed a stronger-than-expected rebound in May, driven by the automotiv…
Market Analysis
June, 2023
-
27 June 2023 10:48 pm
AUD/USD dragged lower on positive US economic data
The AUD/USD pair declines from weekly highs amidst strong US economic performance. Upcoming Australian CPI data and Fed Chair Powell’s speech are awaited by AUD/USD traders.Investors bet on softened CPI, weighing the AUD further. The AUD/USD pair is still in positive territory but retreats from weekly highs of 0.6720, falls …
Read More » -
27 June 2023 8:05 pm
Gold declines on surprising positive US data
Gold has declined due to positive US data, including durable goods orders and consumer confidence data. The gold price has retreated after hitting a daily high of $1930.66 due to overall upbeat data from the US, demonstrating the economy’s resilience despite higher borrowing costs set by the US Fed. Gold …
Read More » -
27 June 2023 2:48 pm
European stocks rise, supported by gains in the mining sector
European stocks rose on Tuesday, supported by gains in the mining sector after hopes stemming from an upbeat outlook for the Chinese economy sent metals prices higher, while JD Sports shares fell even after the British sportswear retailer maintained its earnings forecast. The pan-European Stoxx 600 index rose 0.5 percent …
Read More » -
27 June 2023 1:50 pm
Oil drops ahead of the release of US inventory data
Oil prices fell on Tuesday ahead of data that will shed light on Americans’ appetite for fuel during the summer driving season, with the price structure of benchmark Brent crude signaling that the bulls are retreating. And by 0916 GMT, Brent crude futures fell 41 cents, or 0.6 percent, to …
Read More » -
27 June 2023 12:48 pm
Japanese Nikkei index recorded the longest streak of losses in 2023
Japan’s Nikkei index recorded its longest losing streak this year on Tuesday, with shares of many of the country’s biggest technology companies falling, trailing their US counterparts at the end of Monday’s trading. Despite the continued dominance of profit-taking sales after the Nikkei index reached a peak of 33 years …
Read More » -
27 June 2023 10:55 am
The dollar rises ahead of US data
The dollar maintained its gains against other major currencies on Tuesday, amid great tension in Russia and traders’ anticipation of US data that may determine the timing of interest rate hikes. Russia witnessed at the beginning of the week a failed rebellion, a crisis that pushed the dollar to a …
Read More » -
27 June 2023 9:17 am
Oil is rising as concerns about supply overshadowed concerns about supply
Oil prices rose on Tuesday for the second consecutive session, as worries about political instability in Russia and possible supply disruptions outweighed concerns about global demand. Brent crude futures rose six cents to $74.24 a barrel, while US West Texas Intermediate crude futures rose ten cents to $69.47 a barrel. …
Read More » -
27 June 2023 2:34 am
Market Drivers – US Session – 26/06/2023
Gold prices peaked at $1,937 and then pulled back toward $1,920. Silver rose 1.50% and approached $23.00. Cryptocurrencies fell modestly, with Bitcoin holding above $30,000. No key data is expected during the Asian session. Later, on Tuesday, the US will report Durable Goods Orders and Canada will release inflation data. …
Read More » -
27 June 2023 1:56 am
While reacting to hawkishness, is gold still sensitive to geopolitical events?
The gold market is expected to end June down by around $47, its worst month since February. The precious metal is reacting to central banks doubling down on hawkish rhetoric and ignoring Russia’s turmoil. Some analysts see geopolitics playing a more significant role in driving the gold price. After a …
Read More » -
26 June 2023 10:44 pm
Wall Street slides on uncertainty around rate hike outlook
On Monday, US stocks dipped a little bit as investors fretted about the effects of more interest rate hikes on the economy. The biggest losers were technology and megacap sectors.The markets’ response to the weekend’s foiled uprising by Russian mercenaries, which prompted doubts about President Vladimir Putin’s future and worries …
Read More » -
26 June 2023 9:48 pm
Crude oil, NatGas prices surge after turmoil in Russia over weekend
Late in the North American session, US crude oil rises 0.50% as it ignores concerns about the global economy. In response to concerns about an imminent recession and political unrest in Russia, WTI, the US crude oil benchmark, recovers after two days of losses and increases by more than 0.50%. …
Read More » -
26 June 2023 8:02 pm
EUR/USD awaits guidance from ECB Forum
The EUR/USD is struggles for fresh gains despite the weaker performance of the US dollar with the beginning of the new trading week. The pair is up 0.16% trading at 1.0909 at the time of writing. Meanwhile, geopolitical tensions around Russia have eased as market attention turns to the ECB …
Read More »