After a burst of volatility earlier in the session, currency markets are taking a breather as traders reassess the evolving US tariff situation. Comments from White House National Economic Council Director Kevin Hassett helped cool tensions when he clarified that, “This is not a trade war, this is a drug war,” directing the focus toward
U.S. President Donald Trump looks on as he signs an executive order in the Oval Office at the White House in Washington, U.S., Jan. 31, 2025. Carlos Barria | Reuters President Donald Trump agreed with the Federal Reserve for its decision last week to leave interest rates unchanged, an early pivot from his previous demand
Gold traded flat on Monday, February 3, after rising to an all-time high in the previous session, as the US dollar strengthened on mounting fears of a global trade war following US President Donald Trump’s sweeping tariff measures. As of 11:19 am, April gold futures were trading at Rs 82,300 per 10 grams on the
Hiroki Takeuchi, co-founder and CEO of GoCardless. Zed Jameson | Bloomberg | Getty Images Financial technology unicorn GoCardless more than halved losses in 2024 and said it’s aiming to reach full-year profitability by 2026. The London-based startup, which helps businesses collect recurring payments such as subscriptions, reported a net loss of £35.1 million ($43.8 million)
European Central Bank (ECB) Governing Council member Gediminas Šimkus said on Monday that he sees another 25 basis points (bps) interest rate cut in March. Further comments Expect a couple more rate cuts after March as well. We can allow for a looser monetary policy. We still have space left before reaching neutral rate. Trump tariffs increase
Global markets kicked off February under heavy strain as US President Donald Trump’s long-anticipated tariffs on Canada, Mexico, and China came into full effect. Investor sentiment turned sharply negative, with Japan’s Nikkei tumbling over 1,000 points in response. Dollar opened the week with a strong gap higher and maintained solid gains throughout Asian session. Commodity-linked
Fundamental Overview The Nasdaq continues to maintain a positive outlook although it came under some pressure recently as the DeepSeek news weighed on the tech heavy index. The market has been making new highs ever since the last US inflation data as it marked the top in the repricing of rate cuts expectations and inflation
OPEC is set to hold its Joint OPEC/non-OPEC Ministerial Monitoring Committee (JMMC) meeting today to review current market conditions. No recommendations for broader policy changes are anticipated. Under the existing agreement, voluntary production cuts will continue through the end of the first quarter, while collective cuts are scheduled to remain in effect until the end
Gold prices fell in early Asian hours on Monday, pressured by a stronger dollar as fears of a global trade war mounted after U.S. President Donald Trump imposed sweeping tariffs on Canada, Mexico and China over the weekend. FUNDAMENTALS * Spot gold dipped 0.6% to $2,784.84 per ounce by 0113 GMT. U.S. gold futures fell
In this article Follow your favorite stocksCREATE FREE ACCOUNT Customers shop at a Samsung mobile store inside a shopping mall in New Delhi. Reuters | Anindito Mukherjee Samsung Electronics on Friday reported better-than-expected fourth-quarter revenue and operating profit, though its operating profit sharply dropped from last quarter. Here are Samsung’s fourth-quarter results compared with LSEG
Gold sustains gains, trading at $2,797, as White House clarifies tariff timeline confusion. Revised tariff announcements lead to brief dip in Gold with traders eyeing $2,800 resistance. Despite steady December Core PCE data, geopolitical uncertainty keeps Gold prices elevated. Gold price trades near all-time highs above $2,800 on Friday as market participants turn risk-averse after
Getty Images When it came time for Diane Wetherington to consider retirement, reality quickly set in. The 72-year-old debated devoting her time to crafting and doting over her grandkids and even gave full-time retirement a try. But she soon realized her Social Security checks, which were smaller than her peers’ due to time she spent
In the kickstart video, I take a look at the 3 major currency pairs – the EURUSD, USDJPY and GBPUSD – from a technical perspective to start the US trading day. The USD is largely unchanged as the final day of the week begins. THe biggest mover is the USDJPY which rose 0.34% despite better
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Gold prices were flat in early Asian hours on Thursday after the Federal Reserve‘s decision to hold interest rates steady offered little clarity on the U.S. monetary policy path this year. FUNDAMENTALS * Spot gold were little changed at $2,671.79 per ounce, as of 0049 GMT. U.S. gold futures added 0.2% to $2,774.50. * The
An office building designed by Frank O. Gehry at the Novartis AG headquarters campus in Basel, Switzerland. Bloomberg | Getty Images Swiss pharmaceutical giant Novartis on Friday reported better-than-expected sales in the fourth quarter, but falling short of its own guidance over the full-year stretch. Fourth-quarter net sales rose 16% on a constant currency basis
Mexican Peso erased gains of 0.61% and turns negatively as Trump’s threat of 25% tariffs would be enacted. The White House denied Reuters’ report about US delaying tariffs implementation to March 1. Mixed US economic indicators and Fed commentary maintain cautious market sentiment. The Mexican Peso (MXN) erases some of its earlier gains and losses
President Trump yesterday announced plans to impose a 25% tariff on Canadian and Mexican imports starting February 1, though he suggested oil imports might be exempt. This announcement caused significant volatility in USDCAD. The pair surged from around 1.4400 to a high of 1.4594, marking new highs since 2020, before retracing below 1.45158, a key
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