In a joint statement released following Thursday's extraordinary meeting of NATO heads of state, NATO said that Russia's attack on Ukraine threatens global security. The statement condemned Russia's attack on civilians and said it would also hold Belarus to account. The statement called on China to abstain from supporting Russia's war in any way. NATO reiterated that it will continue to protect and defend every inch of allied territory.
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EUR/USD holds losses below 1.1400 amid US Dollar recovery
EUR/USD remains pressured below 1.1400 in the European trading hours on Tuesday. The Euro weakens amid rising expectations of further ECB interest rate cuts while the US Dollar draws support from some progress on US trade deals with its major global trading partners. US jobs data awaited.
GBP/USD retreats to near 1.3400 ahead of BoE’s Ramsden speech
GBP/USD is holding its pullback from three-year highs of 1.3445 early Tuesday, pressured by a modest US Dollar rebound and a cautious market mood. Investors look to BoE policymaker Ramsden's speech and US jobs and consumer sentiment data for fresh trading impetus.
Gold price slides back closer to $3,300 amid tariff deals optimism
Gold price drifts lower as signs of easing US-China trade tensions undermine safe-haven demand. The USD reverses a part of the overnight slide and exerts additional pressure on the XAU/USD pair. Fed rate cut bets might cap the USD and help limit losses for the commodity amid geopolitical risks.
Top gainers Virtuals Protocol, Floki, Hyperliquid: Altcoins extend gains alongside Bitcoin
The cryptocurrency market sustains a market-wide bullish outlook, led by Bitcoin and select altcoins, including Virtuals Protocol, Floki, and Hyperliquid. Global markets continue to respond positively to the possibility of trade tensions de-escalation between the United States and China.
Week ahead: US GDP, inflation and jobs in focus amid tariff mess – BoJ meets
Barrage of US data to shed light on US economy as tariff war heats up. GDP, PCE inflation and nonfarm payrolls reports to headline the week. Bank of Japan to hold rates but may downgrade growth outlook. Eurozone and Australian CPI also on the agenda, Canadians go to the polls.
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