WTI Oil rebounds toward $89.00 as US enforces Hormuz blockade
Oil prices climbed during the Asian session after the US military announced a complete blockade of the Strait of Hormuz on Tuesday. The move tightened supply concerns and cast doubt over the next round of negotiations with Iran. As a result, US benchmark West Texas Intermediate (WTI) surged by around $4, recovering earlier losses and […]
Gold Stays Under Pressure as USD Firms Ahead of Key US CPI Data
Gold (XAU/USD) continues to trade on a weaker note after failing to break above the $4,800 level in the previous session. However, the downside remains limited as the metal moves within a familiar range during Friday’s Asian session. Prices are holding above $4,750 as traders stay cautious ahead of the upcoming US Consumer Price Index […]
Pound Sterling Gains as US-Iran Ceasefire Lifts Market Sentiment
The Pound Sterling continues to strengthen against the US Dollar, with GBP/USD marking its third straight day of gains and trading near the 1.3400 level during Wednesday’s Asian session. The pair is benefiting from a weaker US Dollar, as safe-haven demand declines following the announcement of a two-week ceasefire between the United States and Iran. […]
Gold Stays Under Pressure as Stronger USD Weighs Ahead of Trump’s Iran Deadline
Gold prices (XAU/USD) continue to trade with a negative bias for the third consecutive day. However, the downside momentum remains limited, with prices moving within a broader range established in the previous session during Tuesday’s European trading hours. Market sentiment is being influenced by fading hopes of a last-minute agreement between the United States and […]
US Jobs Report in Focus as Markets Watch Fed’s Next Move
The United States will release its March Nonfarm Payrolls (NFP) report on Friday at 12:30 GMT. This data is closely followed because it gives a clear picture of the job market and helps investors understand what the Federal Reserve might do next on interest rates. That said, market activity could stay quiet as the release […]
WTI crude slips toward $99.50 as hopes of a potential truce ease supply concerns
West Texas Intermediate (WTI) crude ended its four-day rally, hovering near $99.60 per barrel during Tuesday’s Asian session. Oil prices softened amid rising expectations that US President Donald Trump could move to de-escalate the Iran conflict, reducing fears of extended supply disruptions. A report from The Wall Street Journal suggested that Trump has indicated to […]
Gold holds firm above the $4,500 level, supported by a softer US Dollar
After slipping to around $4,420 during the Asian session, Gold (XAU/USD) recovered and moved back above $4,500, extending Friday’s strong rally of more than 2.5%. The US Dollar Index (DXY) eased slightly from its recent monthly high, offering some support to the metal. However, expectations that global interest rates may remain elevated continue to limit […]
Australian Dollar edges higher despite cautious mood driven by Middle East tensions
The Australian Dollar (AUD) is trading slightly higher against the US Dollar (USD), hovering near the 0.6900 level during Friday’s late European session. This modest gain comes even as overall market sentiment remains cautious due to ongoing uncertainty around the Middle East situation. At the time of writing, S&P 500 futures are down around 0.4% […]
Breaking: UK inflation holds steady at 3.0% in February, matching expectations
The United Kingdom’s Consumer Price Index (CPI) rose 3.0% year-on-year in February, unchanged from January, according to data released by the Office for National Statistics (ONS) on Wednesday. The figure came in line with market expectations and remains above the Bank of England’s 2.0% target. Core inflation, which excludes food and energy, increased to 3.2% […]
Gold trims losses but gains remain limited amid strong USD and rate hike concerns
Gold (XAU/USD) recovered a large portion of its intraday decline and moved closer to the $4,400 level during Tuesday’s European session. However, the overall recovery still looks weak. Ongoing tensions involving Iran continue to raise inflation concerns, reducing expectations for interest rate cuts. This situation creates pressure on gold, which does not offer yields. At […]