Gold price (XAU/USD) extends the previous day’s sharp retracement slide from the weekly peak and remains under heavy selling pressure for the second straight day on Thursday. The downfall, though lacking any obvious fundamental catalyst, drags the commodity to a two-week low, around the $2,370 level during the Asian session. That said, a combination of…
Oil prices are on track for their biggest weekly decline since late June ahead of the weekend OPEC+ meeting, which is expected to restore more idled supply, heightening concerns about oversupply. Brent is hovering around $64/barrel (down 8% on the week), while WTI is below $61. The producer alliance will meet online on Sunday to…
Apr 24 2025, 11:45 Oil prices inched higher in Asian trade on Thursday following steep losses in the prior session, as investors digested reports that OPEC+ plans to further ramp up production in June. The commodity was supported by signals of potential tariff negotiations between the U.S. and China.Brent Oil Futures expiring in June edged…
Oct 23 2024, 11:36 The Australian Dollar (AUD) struggled to secure the previous session’s gains on Wednesday. However, the AUD/USD pair faced pressure as the US Dollar (USD) strengthened on rising Treasury yields. Market risk aversion has increased on the increasing possibility of Donald Trump winning the presidency, adding selling pressure on US Treasury bonds….
May 20 2025, 15:21 The dollar index fell to 100.1 on Tuesday, marking a near two-week low and extending a 0.7% decline from the previous session, as renewed concerns over the US economic and fiscal outlook weighed on sentiment. Traders also remained focused on potential developments in global trade negotiations. Over the weekend, Treasury Secretary…
Oct 21 2024, 16:19 The Hang Seng Index tumbled 326 points or 1.6% to close at 20,478 on Monday, following a 3.6% surge in the previous session. Losses were broad-based, with tech, consumers, and financials burdening the index. Traders were unimpressed by a 25bps cut to both the one-year and five-year loan prime rates in…
