US Treasury Secretary Scott Besant said a trade agreement with South Korea is unlikely during Presid...
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2025-10-27
Oil prices turned lower on Monday, despite progress in trade talks between the United States and Chi...
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2025-10-27
The euro rose in European markets on Monday against a basket of global currencies, continuing its po...
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2025-10-27
US President Donald Trump said his administration could decide on a new Federal Reserve chairman bef...
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2025-10-27
Gold prices fell on Monday, pressured by a stronger dollar and signs of easing trade tensions betwee...
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2025-10-27
Bitcoin rose on Monday, tracking a broader rally in risk-driven markets after the United States and...
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2025-10-27
US Treasury Secretary Scott Besant said a trade agreement with South Korea is unlikely during President Donald Trump's visit. This comes after South Korean President Lee Jae-myung said that talks aimed at reducing US import tariffs on South Korean goods remain stalled. In an interview with Bloomberg, the Korean president explained that the two countries are still stuck on all the key details related to the $350 billion investment pledge. "The investment method, the investment volume, the timeline, and how to share losses and profits—all of these points are still pending," Lee said. Last July, Washington agreed to reduce tariffs on South Korean imports to 15% in exchange for Seoul investing approximately $350 billion in the United States
2025-10-27
Oil prices turned lower on Monday, despite progress in trade talks between the United States and China, as investors assessed the supply outlook. Brent crude futures for December delivery fell 0.95%, or 62 cents, to $65.33 a barrel at 1:06 p.m. Mecca time. Nymex crude futures for December delivery fell 1.1%, or 68 cents, to $60.83 a barrel. Both contracts gained about 7% last week. U.S. Treasury Secretary Scott Besant said Sunday that U.S. and Chinese officials had reached a substantive framework for a trade agreement that would avoid 100% tariffs on Chinese products. However, concerns about oversupply persist, with Fatih Birol, executive director of the International Energy Agency, saying that strong production growth in the Americas, coupled with weak oil demand, means additional pressure on prices. "The trade agreement between China and the United States may give a slight boost to oil prices, but overall I expect relatively moderate prices," he added in an interview with Bloomberg.
2025-10-27
The euro rose in European markets on Monday against a basket of global currencies, continuing its positive move for the fourth consecutive day against the US dollar, benefiting from the US currency's decline ahead of an expected Federal Reserve interest rate cut this week. With renewed inflationary pressures in the eurozone, the prospect of a European Central Bank rate cut during this week's meeting has faded. Details of this meeting are expected to provide further strong evidence about the path of European interest rates for the remainder of this year and next. Price Outlook Euro exchange rate today: The euro rose about 0.2% against the dollar to $1.1648, from the opening price of $1.1626, and reached a low of $1.1620. The euro ended Friday's trading session about 0.1% higher against the dollar, marking its third consecutive daily gain, as the recovery from a nearly two-week low of $1.1577 continues. The euro lost 0.25% against the dollar last week, marking its second weekly loss in the past three weeks, as investors focused on buying the US currency as the best alternative investment.
2025-10-27
US President Donald Trump said his administration could decide on a new Federal Reserve chairman before the end of the year, signaling a near-term for one of the most important economic positions in the United States. Trump told reporters aboard Air Force One, "We may make a decision on the Fed chair by the end of the year," without revealing the names of the candidates. For his part, US Treasury Secretary Scott Besant said the administration will conduct a "second round of interviews," adding that the final list of candidates will be presented to the president after the Thanksgiving holiday, according to Reuters. This comes as global markets await the identity of the next Federal Reserve chairman, given the direct impact it will have on interest rate trends and US monetary policy in the coming period.
2025-10-27
Gold prices fell on Monday, pressured by a stronger dollar and signs of easing trade tensions between the United States and China, which dampened the precious metal's safe-haven appeal. Meanwhile, investors are awaiting meetings of major central banks scheduled for later this week for clues on future monetary policy directions. Possible trade deal surprises markets, weighs on the yellow metal Sunday saw a surprising development when senior economic officials from China and the United States discussed the general framework of a trade agreement, which US President Donald Trump and his Chinese counterpart Xi Jinping are expected to finalize this week. Analyst Kyle Rodda of Capital.com said that this potential agreement came unexpectedly and was a positive surprise for the markets as a whole, but the flip side of these developments was negative for gold. Roda added that the market has lost much of the cautious momentum that dominated recent weeks, noting that sentiment is gradually balancing. He explained that the main reason gold remains relatively supported is the expectation that expansionary fiscal and monetary policies will continue in the future, which will maintain the precious metal's upward trend if the situation persists. Cautious anticipation for the Federal Reserve meeting amid expectations of a rate cut The US Federal Reserve is widely expected to cut interest rates by a quarter of a percentage point at its meeting next Wednesday, supported by weaker-than-expected inflation data last week. While markets have already digested the impact of this anticipated cut, attention is now turning to Fed Chairman Jerome Powell's remarks to see if he will provide clues about the path of monetary policy in the coming months.
2025-10-27
Government data showed on Friday that inflation rose less than economists had expected in September, as investors monitored what this might mean for the Federal Reserve's aggressiveness in cutting interest rates. The latest data from the Bureau of Labor Statistics indicates that the Consumer Price Index (CPI) rose 3.0% year-over-year in September, compared to a 2.9% increase in August, below economists' expectations of 3.1%. On a monthly basis, prices rose 0.3% compared to a 0.4% increase in August, which was less than economists' expectations of a 0.4% increase.
2025-10-24
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Crude oil futures declined during the Asian session on Thursday. According to the New York Mercan...
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The EUR/GBP pair remains stable as markets remain calm ahead of the release of PMI data from both ec...
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Global gold prices declined during Tuesday's trading session but remained near their record highs as...
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Gold prices fell during the early trading hours on Monday, hovering around the $2500 mark, as trader...
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