U.S. Federal Budget Deficit Widens to $307.5 Billion, Slightly Better Than Forecast
The U.S. federal budget deficit reached $307.5 billion, which is slightly better than the projected $310 billion but considerably larger than the previous deficit of $95 billion. This increase reflects ongoing fiscal challenges despite some improvement relative to expectations.
Trump Optimistic on Strait of Hormuz Conflict Amid Oil Price Surge and IEA Emergency Release
Donald Trump stated that Iran is likely not mining the Strait of Hormuz and suggested the conflict may end soon. Meanwhile, oil prices rose sharply and the International Energy Agency approved a record 400 million-barrel emergency oil release to mitigate supply disruptions.
Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Oil Prices Rise
Precious metals traders stay focused on oil market dynamics.
Silver Price Forecast: XAG/USD falls as US Dollar gains, geopolitical risks persist
Silver Price Forecast: XAG/USD falls as US Dollar gains, geopolitical risks persist
US Labor Market Cooling and Slowing Wage Growth May Lead to Fed Rate Cuts in 2026; Eurozone Growth Improves Despite Energy Price Headwinds
Fitch reports that a cooling US labor market and slowing wage growth are expected to persuade the Federal Reserve to cut interest rates twice in 2026. Meanwhile, in the Eurozone, higher energy prices pose challenges, but underlying growth trends are improving, supported by Germany's recovery through fiscal easing.
U.S. Dollar Moves Higher As CPI Meets Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY
Rising demand for safe-haven assets provided support to the American currency.
Poland has one-off chance to use gold profits for defence, central bank chief says
Poland has a one-off chance to use unrealised profit on gold reserves to finance military spending, National Bank of Poland Governor Adam Glapinski said on Wednesday, adding that the government has expressed "zero interest" in the proposal however.
USD/JPY rises as Oil supply fears and firm USD keep Yen under pressure
USD/JPY rises as Oil supply fears and firm USD keep Yen under pressure
US to Investigate Digital Service Taxes and Currency Manipulation
The United States has announced plans to probe countries implementing digital service taxes and scrutinize potential currency manipulation practices, according to the New York Times. This move signals increased scrutiny of international tax policies and exchange rate behaviors.
NZD/USD pressured by Middle East war, RBNZ rate hike outlook
NZD/USD pressured by Middle East war, RBNZ rate hike outlook