Crude oil prices remained largely steady, with ICE Brent closing nearly 0.5% lower yesterday as initial optimism over US-China trade talks faded, according to ING commodity analysts Ewa Manthey and Warren Patterson….
Category: Central Bank & Economic News
Gold Falls Below $4,000/oz as US-China Trade Optimism Eases Safe-Haven Demand – ING
Gold prices tumbled more than 3% on Monday, sliding below $4,000 per ounce, as optimism over progress in US-China trade talks dampened demand for safe-haven assets, according to ING’s Head of FX…
USD: “Fantastic Five” Named as Finalists for Next Fed Chair – Commerzbank
US Treasury Secretary Scott Bessent has unveiled the five final candidates to succeed Federal Reserve Chair Jerome Powell, according to Commerzbank’s Head of FX and Commodity Research Thu Lan Nguyen. The shortlist…
Japan’s Akazawa: Tokyo Seeks Cooperation with US on Critical Minerals
Japan’s Chief Trade Negotiator Ryosei Akazawa said on Tuesday that Tokyo is in active discussions with the United States to reduce its reliance on Russian energy and strengthen cooperation in the critical…
Dow Jones Futures Steady as Traders Await Big Tech Earnings, Fed Rate Decision
Dow Jones futures held steady around 47,700 during European trading on Tuesday, while S&P 500 and Nasdaq 100 futures hovered near 6,900 and 25,950, respectively. Despite Wall Street’s rally to record highs…
Pound Sterling Weakens as UK Shop Prices Fall; Fed Rate Cut Bets Grow
The Pound Sterling (GBP) fell against major currencies on Tuesday as softer UK shop price data reinforced expectations of monetary easing by the Bank of England (BoE). The British Retail Consortium (BRC)…
Copper Nears Record High as US-China Trade Optimism Lifts Market – ING
Copper prices are climbing toward their May 2024 record of $11,104.50 per tonne, driven by renewed optimism over US-China trade relations, continued supply disruptions, and expectations of another Federal Reserve interest rate…
Silver Price Today: XAG/USD Drops Over 2% to $45.65 – FXStreet Data
Silver (XAG/USD) prices declined on Tuesday, according to data from FXStreet. The precious metal was last seen trading at $45.65 per troy ounce, marking a 2.37% drop from Monday’s level of $46.76….
EUR/USD Unlikely to Break Above 1.1680 Resistance – UOB Group
Analysts at UOB Group, Quek Ser Leang and Peter Chia, noted that while the Euro (EUR) could continue to edge higher against the US Dollar (USD), it is unlikely to break above…
ECB Survey: Eurozone Inflation Expectations Ease Slightly in September
The European Central Bank’s (ECB) latest Consumer Expectations Survey, released on Tuesday, showed that consumers’ median inflation expectations for the next 12 months eased to 2.7% in September, down from 2.8% in…