British companies generally remain resilient to external economic shocks, including trade wars and rising borrowing costs. This is stated in the latest report of the Bank of England on financial stability. According to the regulator, even with a 10% drop in profits and a sharp rise in the cost of loans, most companies will be…
On Tuesday evening, gold prices showed a decline amid increased investor interest in risky assets after the mitigation of trade threats from the United States. August gold futures on the Comex exchange lost 0.9% to $3,312.15 per troy ounce. Silver is also declining: the September contract is down 0.65% to $36,665 per ounce. The reason…
Asian Markets Show Cautious Optimism Amid US Tariff Maneuvers Asian stock exchanges responded with mild enthusiasm following the latest move by US President Donald Trump to ramp up import tariffs. Meanwhile, the US dollar held steady and oil prices slipped slightly. Trump’s Tariff Notices Shake Wall Street Wall Street took a downturn after Trump sent…
At the beginning of the week, gold showed a decline of almost 1% – investors are reacting to the growth of the dollar against major world currencies. August gold futures on the Comex exchange fell 0.9% to $3,312.6 per troy ounce. However, despite the current decline, the precious metal has grown by about 25% since…
Gold is maintaining a bearish intraday tone today.Oscillators on the daily chart are just beginning to show negative momentum, indicating the potential for further declines in the metal’s price. The XAU/USD pair has repeatedly failed to break above the 100-period Simple Moving Average (SMA) on the 4-hour chart, leading to a drop in price to…
Payments-focused cryptocurrency XRP has risen by over 3.5% in the past 24 hours, with volume in the Deribit-listed options market suggesting bullish expectations. Since July 1, higher-level July 25 call options at strikes of $3.00 and $4.00 and the Sept. 28 expiry call at the $2.80 strike have emerged as the most traded bets, according…
The euro is showing a record series of gains against the dollar, which could be the longest in the last two decades. On Tuesday, the currency rose to $1.1830, updating the maximum since September 2021 and having gained about 14% since the beginning of the year. If the day ends in positive territory, it will…
The Iranian President has signed a decree suspending cooperation with the IAEA. According to the document, the agency’s employees are temporarily banned from entering the country. The decision is justified by the need to ensure the safety of Iranian nuclear facilities and specialists in the field of nuclear energy. Thus, the control by the international…
Dogecoin , the world’s largest meme cryptocurrency by market value, has regained some poise, having formed a bullish double bottom pattern during the overnight trade. DOGE has gained over 2% to over 16 cents since early Asian hours, reversing part of Monday’s slide from 16.63 cents to 15.67 cents, according to data source CoinDesk. Per…
The US dollar has dropped to its lowest level since February 2022 amid growing uncertainty in US trade and fiscal policy. The current quote of the EUR/USD pair is 1.1810, GBP/USD – 1.3771, USD/JPY – 142.95. The 90-day pause in action on reciprocal tariffs announced by President Trump expires on July 9, while a protracted…