Biden discussed plans to strike Iran nuclear facilities before Trump’s inauguration
In a revelation that could reshape discussions on U.S. foreign policy, President Joe Biden reportedly considered military action against Iran’s nuclear facilities before the 2017 inauguration of then-President Donald Trump. The discussions, alleged to have taken place during Biden’s tenure as vice president, highlight the Obama administration’s strategic concerns over Tehran’s advancing nuclear program in […]
Oil Rally Breaks Crude Out of Tight Range With Technical Support
Oil prices rallied sharply, breaking free from a weeks-long tight trading range. The surge was driven by robust technical support levels that reignited bullish momentum in the energy markets. Brent crude climbed over 3% to trade above $83 a barrel, while West Texas Intermediate (WTI) saw similar gains, crossing $79. Traders pointed to a mix […]
South Korean authorities attempt to arrest President Yoon Suk Yeol
South Korean prosecutors have launched a bold attempt to arrest President Yoon Suk Yeol, marking an unprecedented move in the nation’s political landscape. The decision comes as part of an ongoing investigation into allegations of corruption and abuse of power tied to Yoon’s administration. While specific charges remain undisclosed, the case has intensified political divides […]
Reserves at Fed Sink Below $3 Trillion to the Lowest Since 2020
The Federal Reserve’s total reserves have fallen below $3 trillion, marking the lowest level since the pandemic-induced liquidity surge of 2020. This decline highlights a pivotal shift as the central bank continues its quantitative tightening strategy to combat inflation. The current reserve levels underscore the balance sheet reductions initiated in mid-2022, which have steadily drained […]
EUR/USD kicks off 2025 with a fresh move to the downside
The EUR/USD pair started 2025 on a bearish note, slipping further amid cautious market sentiment. Traders remained focused on central bank policies, with the Federal Reserve’s hawkish stance supporting the U.S. dollar and exerting downward pressure on the euro. The pair dipped below key psychological levels, signaling potential volatility ahead. Analysts attribute the decline to […]
NZD/USD holds below 0.5600 on stronger US Dollar, eyes on US PMI data
The NZD/USD pair remains under pressure, trading below the critical 0.5600 mark as the US Dollar continues to gain strength. Market sentiment has been bolstered by robust US economic data, which has heightened expectations for Federal Reserve tightening, putting additional weight on the New Zealand Dollar. Investors are now closely watching the upcoming US PMI […]
GBP/USD plunges to new lows to kick off the new trading year
The GBP/USD pair dropped sharply as the first trading session of the year opened, reflecting market uncertainties surrounding the UK and US economies. Investors shed the pound amidst a strengthening dollar, driven by robust economic data and heightened expectations of further Federal Reserve rate hikes. This marked the pair’s lowest point in months, amplifying concerns […]
Gold Price Forecast: XAU/USD flat lines above $2,650 ahead of US PMI release
Gold prices held firm above $2,650 in early trading, with investors exercising caution ahead of the release of critical US PMI data. The market anticipates insights into the economic outlook, as the Purchasing Managers’ Index will provide a gauge of business activity and potential growth trajectory. This steady performance in gold reflects broader uncertainty as […]
Solar Stocks Get Boost From Record Tesla Energy Storage Deployments
Solar stocks surged after Tesla reported record energy storage deployments in its latest quarterly update. The company installed a staggering 4.2 gigawatt-hours of energy storage systems, a significant jump from the prior quarter, underscoring the growing demand for renewable energy solutions. Tesla’s energy division has increasingly become a cornerstone of its growth strategy, positioning itself […]
AUD/USD hung out to dry on familiar low end
The AUD/USD is testing the lower range of its recent trading channel, reflecting market skepticism and lingering concerns over global economic stability. As investors weigh risks, the currency pair has struggled to break free from its downward trajectory, inching closer to levels last seen during periods of heightened volatility. Renewed strength in the U.S. dollar, […]