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‎US stocks close flat; Dow Jones drops 280 points

US stocks ended the trading session with mixed results on Wednesday, as the S&P 500 and Nasdaq Composite closed nearly flat, while the Dow Jones Industrial Average fell by 280 points. The decline in the Dow was driven by...

Investing.com

US military commanders to brief Trump on new options against Iran, Axios reports

The U.S. military is set to brief President Donald Trump on new options for confronting Iran, according to a report by Axios. The briefing comes amid heightened tensions between the two nations, particularly following th...

FXStreet

Pound Sterling flat lines vs USD as traders await BoE policy update and US PCE Price Index

The GBP/USD pair remains range-bound near 1.3500 as traders await key economic data and central bank decisions. The pair failed to sustain gains from the Asian session, with the 100-day SMA acting as a critical support l...

FXStreet

WTI advances above $105.50 as Iranian ports' blockade deepens

West Texas Intermediate (WTI) crude oil prices rose to $105.70 per barrel on Thursday, marking a fourth consecutive day of gains amid a deepening naval blockade of Iranian ports. The blockade, which restricts Iranian oil...

FXStreet

AUD/USD Price Forecast: Bullish USD to cap recovery from 0.7100/two-week low

The AUD/USD pair showed modest gains during the Asian session on Thursday, recovering part of its previous day's losses to reach 0.7100, a two-week low. The pair's movement reflects ongoing volatility amid mixed market s...

ActionForex

Japan Industrial Output Falls -0.5% as Petrochemical Weakness Dominates

Japan's industrial production fell by 0.5% month-on-month in March 2024, significantly below the expected 1.1% increase. The decline was widespread, with eight of 15 sectors reporting output contractions. Petrochemical p...

ActionForex

China PMI Signals Modest Growth as Services Slip and Cost Pressures Build

China's official PMI data for April revealed a mixed economic picture, with manufacturing maintaining expansion while the services sector contracted. The manufacturing PMI fell slightly to 50.3 from 50.4, remaining above...

ActionForex

GBP/USD Defends Support, Focus Shifts To US GDP And BOE

The GBP/USD pair tested the 1.3450 support level amid a declining channel formation on the 4-hour chart, with resistance at 1.3560. Gold prices fell below $4,650, while preliminary US GDP growth is projected at 2.3% for...

FXStreet

US Dollar Index holds steady after Fed hold, traders await US GDP and PCE data

The US Dollar Index (DXY) remains near 98.95 during Asian trading hours following the Federal Reserve's decision to maintain interest rates with a hawkish stance. The Fed's policy hold, which signaled potential future ra...

ActionForex

Gold Hit by Double Whammy, Heading Back Toward 4,000

Gold prices are under pressure as a combination of rising oil prices and higher bond yields creates a double whammy for the precious metal. The selloff has accelerated, pushing gold below critical support levels and thre...

ActionForex

NZ ANZ Business Confidence Slumps to -10.6, Inflation Expectations Highest Since Feb 2024

New Zealand's business confidence plummeted in April as ANZ's headline index fell sharply to -10.6 from 32.5, marking a significant deterioration in corporate sentiment. The index reflects heightened cost pressures and d...

FXStreet

Canadian Dollar receives support despite lower oil prices

The Canadian Dollar (CAD) showed resilience against the US Dollar (USD) despite falling oil prices, with the USD/CAD pair trading near 1.3680 during Asian hours. While lower oil prices typically weigh on the CAD due to C...

FXStreet

China’s RatingDog Manufacturing PMI climbs to 52.2 in April vs. 51.0 expected

China's RatingDog Manufacturing PMI rose to 52.2 in April, surpassing the 51.0 forecast and marking a significant expansion in the sector compared to March's 50.8. The index, which measures factory activity, indicates st...

Investing.com

Oil prices surge, Brent tops $120/bbl with no conclusion to Hormuz disruptions

Global oil prices surged to over $120 per barrel for Brent crude as geopolitical tensions and blockades in the Strait of Hormuz disrupted critical shipping routes. The latest escalation, attributed to Houthi attacks on c...

ActionForex

The FOMC Favours a Steady Hand

The Federal Open Market Committee (FOMC) maintained its policy stance and economic outlook unchanged during its April meeting, as anticipated. This decision marked Jerome Powell’s final meeting as FOMC Chair before his r...

Investing.com

Oil prices extend gains as US-Iran war deadlock keeps supply off market

Oil prices climbed further on Tuesday as heightened geopolitical tensions between the US and Iran, coupled with ongoing supply disruptions, pushed Brent crude above $80.50 per barrel. The standoff over Iran's nuclear pro...

ActionForex

Fed Review: Not Quite Done Yet

The Federal Reserve maintained its monetary policy unchanged during its latest meeting, aligning with market expectations. While the majority of policymakers supported the status quo, Stephen Miran voted in favor of a ra...

Investing.com

Trump says he discussed a Ukraine ceasefire with Putin

Former US President Donald Trump stated in an interview that he discussed a potential ceasefire in Ukraine with Russian President Vladimir Putin during their recent meeting. Trump emphasized that the conversation focused...

FXStreet

GBP/USD treading water as BoE and US PCE collide in 90-minute window: who wins?

The GBP/USD pair faced a critical test on Wednesday as the British Pound struggled to hold the 1.355 support level before ultimately failing. The failure to defend this key area has left the pair in a consolidation phase...

FXStreet

Breaking: WTI rises to near $105.00 as Trump maintains Iran naval blockade

West Texas Intermediate (WTI) crude oil prices surged to $104.90 during early Asian trading hours on Thursday, driven by heightened geopolitical tensions following the U.S. naval blockade on Iran. The move reflects growi...