Oil prices steadied on Thursday after reaching fresh lows in the previous session due to demand worries. Data revealed an unexpected increase in crude inventories. At the same time, trade wars ignited by Trump’s tariffs dimmed the outlook for the global economy. On supply, traders worried about oversupply with OPEC+ increasing output starting in April. Read More…
Gold prices extended gains on Wednesday after rallying nearly 1% in the previous session amid trade war uncertainty. At the same time, the dollar weakened, making gold cheaper for foreign buyers. Meanwhile, market participants look forward to US employment figures for clues on future Fed rate cuts. Spot gold (Source: Bloomberg) On Tuesday, investors scrambled Read More…
Currency futures fell on Friday as risk appetite dipped, with traders awaiting the implementation of tariffs on Canada and Mexico. Meanwhile, traders also focused on developments in the talks between the US and Ukraine, which went south. However, risk appetite rebounded by Monday amid renewed hopes of a deal to end the Russia-Ukraine war. On Read More…
Introduction The U.S. Dollar Index (DXY) is currently testing a key support zone between 106-107, following a pullback. The dollar remains in a strong uptrend, trading well above the 100-week SMA (104.261). As of today 28/02/2025, DXY is trading at 107.775, up +0.69%, showing signs of stabilization after the recent pullback. If the 106-107 support Read More…
Interest futures fell on Thursday as the dollar, and Treasury yields rose after Trump maintained the timing for tariffs on Canada and Mexico. However, prices rebounded on Friday as market participants focused on US data and the outlook for Fed rate cuts. After almost a month, market participants expected the US President to further delay Read More…
Gold prices fell as investors took profits from the recent peaks, and the dollar soared amid US tariff uncertainty. Meanwhile, market participants looked forward to the US core PCE price index report for more clues on US monetary policy. Gold has had a bearish week so far after reaching new peaks on Monday. The rally Read More…
