Monday saw gains in US stocks as the market continued to show signs of strength after a seven-week winning run. The Dow Jones Industrial Average increased by 0.02%, or 7 points. The Nasdaq Composite gained 0.7%, while the S&P 500 increased by 0.5%.The overall index is currently just over 1% …

Middle East geopolitical concerns have caused a more than 2% increase in WTI crude oil prices. Attacks on ships by a militant organisation associated with Iran that disrupt oil shipping routes across the Red Sea serve as the impetus for the rally. The price of WTI is supported by geopolitical …

With a little upward trend, the USD/JPY pair moved up near the 143.00 mark. The BoJ meeting on Tuesday is anticipated by markets, which could influence the pair’s short-term trajectory. Japan’s political scandals might force the Bank of Japan to abandon its negative interest rate strategy.US bond yields rose, which …

The US dollar has experienced uneven trading activity due to remarks by Mester and Austan Goolsbee. The US Dollar Index increased on Friday, but not enough to alter market perception. Hedge funds and banks are urging a goldilocks scenario as a way for the markets to oppose the Federal Reserve’s …

Last week was ideally key central banks’ week, it is poised to be followed by a relatively quiet week ahead. It was practically a big week for US stocks. US StocksThe Fed’s indication that it may lower interest rates three times in 2024 caused the stock market to surge higher …

The price of WTI oil fell as low as $70.65 in the afternoon and then slightly increased to $72.00. This week, WTI might revert to the opening bids because of intricate technical issues and a danger prompted by the Fed’s dovishness. Global oil demand is declining more swiftly than OPEC’s …

The Dollar Index shows resilience despite the worst weekly performance over one month, hovering at 102.60. The dollar was lifted by strong S&P Global Services PMI figures from December.Dovish bets on the Fed may limit the upward movement. The dollar, measured by the DXY index, is trading at 102.60, posting …

In recent weeks, gold prices have reached all-time highs. Due to its dual function as a store of wealth and a hedge against inflation, the price of gold has a special place in the financial markets.Although gold has broken several records since the COVID crisis began, the recent surge in …

Germany has approved the 2023 supplementary budget, suspending a self-imposed cap on borrowing after a constitutional court ruling last month. The budget was approved with 392 votes in favor and 274 against in parliament’s lower house, and the upper house also passed the law on the supplementary budget with no …

Governor of the Bank of Canada Tiff Macklem said that unless the central bank is certain that the economy is returning to price stability, it is still too soon to think about cutting interest rates. The USD/CAD pair was last seen at 1.3372 and was headed for its lowest weekly …