The number of unemployed people in Germany decreased for the second month in a row in August, indicating that the job market in Europe’s largest economy is recovering after it was hit by the Coronavirus crisis. Data revealed. The Labor Office said the number of unemployed people adjusted for seasonal …

The Reserve Bank of Australia (RBA) kept the cash rate at a record low of 0.25%, a widely expected decision. The RBA first cut interest rates to their record low in March, with governor Philip Lowe saying the bank is unlikely to take rates any lower The Australian central bank …

Gold prices rose on Tuesday, September 1st, to their highest level in nearly two weeks, with the dollar retreating to its lowest level in several years amid betting that US interest rates will remain low for a longer period under the new US Federal Reserve policy framework. The gold spot …

European stocks opened higher on Tuesday, September 1 after recording slight gains in August, but sentiment was unstable ahead of important economic data likely to indicate an erratic recovery from the Coronavirus. The European Stoxx600 index rose 0.4% in early trade, supported by better-than-expected data for the industrial sector in …

According to the New York Mercantile Exchange, crude oil futures for October were traded at $42.95 a barrel, up 0.80%. It was previously traded at session high at $43.04 a barrel. Crude oil may find support at $42.36 and resistance at $43.57. The dollar index, which measures the performance of …

According to the COMEX, gold futures for December were traded $ 1993.60 per ounce, up 0.76%. It previously traded at a session high $ 1997.45 an ounce. Gold may find points of support at $ 1914.70 and resistance at $ 1997.45. The dollar index, which measures the performance of the …

FX option expiries for Sept 1 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1895 571m1.1900 569m1.1950 981m1.2000 834m – GBP/USD: GBP amounts         1.3310 280m – USD/JPY: USD amounts          105.00 1.1bn105.50 600m106.00 846m106.60 511m106.75 460m

The S&P 500 index hit a record high on Monday for the sixth straight session and on the path of achieving its best performance in August in decades, as bets were placed on the economic recovery with the Fed’s continued support the index. The S&P 500 index opened up 0.05%, …

US stocks should open slightly higher on Monday, as markets are on track to achieve their best August in more than 30 years. At 11:15 AM GMT, S&P 500 was up 8 points, or 0.2%, while the Dow Jones futures rose 47 points or 0.1%, And Nasdaq 100 futures gained …

Annual consumer prices in Germany fell for the first time in more than four years in August due to a VAT cut as part of a government stimulus package to help Europe’s largest economy recover from the shock of the coronavirus pandemic, data revealed. The Federal Statistics Office said that …