Forex Market

Japan’s Nikkei index closed below the level of 31,000 points on Monday, as investors worried about the development of the situation in the Middle East. The Nikkei index fell 0.83 percent, closing at 30,999.55 points. It had earlier fallen to a two-week low of 30,974.26 points before a quick rebound …

Oil prices fell by over a dollar on Monday as supply concerns eased amid diplomatic efforts to contain the conflict between Israel and the Palestinian Islamic Resistance Movement (Hamas). By 0628 GMT, Brent crude futures fell 67 cents to $91.49 per barrel, after losing $1.08 earlier in the session, recording …

The US government posted a $170 billion budget deficit, according to the Treasury Department, which reported $467 billion in total receipts and $638 billion in total outlays.The fiscal deficit for the fiscal year 2023 was $1.696 trillion, a 23% increase from the previous year and the largest since the start …

The European Central Bank has published its final report on “Sound practices in counterparty credit risk governance and management,” following a public consultation that ended in July 2023. The report identifies sound market practices and areas for improvement in managing counterparty credit risk. The ECB has acknowledged all comments received …

Oil prices rose on Friday by more than a dollar, on track to achieve gains for a second week amid growing fears that the conflict between Israel and Gaza could spread to the Middle East and thus disrupt supplies from one of the largest crude production regions in the world. …

On Friday, the dollar briefly touched the 150 level against the closely watched yen, supported by a rise in US 10-year Treasury bond yields towards 5 percent after Federal Reserve Chairman Jerome Powell indicated that there was room to implement further interest rate hikes. The yield on ten-year US Treasury …

Russia said on Friday that the OPEC+ group of major oil producers helped stabilize oil markets and resisted external pressure, despite “Western manipulation” in the form of a price ceiling for Russian oil. Foreign Ministry spokesman Alexei Zaitsev stated in a weekly press briefing that Russia is a responsible supplier …

European stocks fell on Friday and were on track for their biggest weekly loss in three months, as growing concerns about a broader conflict in the Middle East, rising government bond yields and disappointing corporate earnings reports pushed investors off risk. By 7:06 GMT, the European STOXX 600 index fell …

Jerome Powell, Chairman of the Federal Reserve (Fed), prepared remarks for delivery to the Economic Club of New York showed that Powell will say that significant tightening in financial conditions with higher bond yields can have implications for the policy. Powell will add that the policy setting committee is “proceeding …

Before the Economic Club of New York, Fed Chairman Jerome Powell is scheduled to deliver prepared remarks that are anticipated to increase market volatility and offer crucial details on the Fed’s upcoming policy move. The speech will likely be closely watched by the markets because it will be delivered just …