WTI price gains momentum to near $69.60 in Thursday’s early Asian session. Trump said any country buying Venezuelan oil will face a 25% tariff. Crude…
The DXY trades near the 104.30 area after a modest upward reaction to economic data. Traders weigh durable goods strength and fresh copper tariff comments…
The US Dollar (USD) is slightly softer on the session. The USD benefitted from stronger than expected preliminary March US PMI data yesterday which fended…
Germany’s Manufacturing PMI advanced to 48.3 in March vs. 47.7 anticipated. Services PMI for the German economy dropped to 50.2 in March vs. 51.4 forecast.…
EUR/GBP drifts higher to around 0.8380 in Monday’s early European session. Germany’s upper house approved the measures to unlock hundreds of billions of Euros in…
Government borrowing data revealed a larger than forecast GBP10.7bn net public sector borrowing in February, Scotiabank’s Chief FX Strategist Shaun Osborne notes. Gilts weaker on…
USD/CAD finds support as the US Dollar strengthens on safe-haven demand amid escalating global trade tensions. Fed Chair Jerome Powell admitted the challenges in assessing…
USD/CAD gains ground to around 1.4320 in Wednesday’s late American session. The Fed kept its benchmark federal funds rate in a range of 4.25%-4.5% at…
NZD/USD loses ground as Westpac Consumer Survey indicates weakening consumer confidence in New Zealand. Westpac New Zealand reported a decline in its confidence index, falling…
WTI price drifts higher to near $67.30 in Tuesday’s early Asian session. Geopolitical risks and China’s plans to boost consumption support the WTI price. Concerns…