Forex Market

The Chinese yuan rose on Tuesday after the country’s top leaders pledged to boost political support for the reeling economy, while the euro and the pound sterling stabilized after falling for days as investors awaited meetings of major central banks. The yuan rose more than 0.5 percent in the onshore …

Oil prices rose on Tuesday, extending the gains made in the previous session, as signs of declining supplies and the Chinese authorities’ pledge to support the world’s second largest economy lifted sentiment. Brent crude futures rose seven cents to $82.81 a barrel at 00:07 GMT, while US West Texas Intermediate …

The USD/CAD pair dropped to 1.3170 as the bulls failed to reconquer the 20-day SMA. Global supply concerns are boosting Oil prices, favouring the Canadian dollar.The USD continued to recover following mixed PMIs. On Monday, the USD/CAD declined towards 1.3170 despite the USD trading strong against most of its rivals. …

The 10-year US Treasury yields ended Monday’s trading in a bullish direction, based on the rising US dollar, which is benefiting from rising interest rate expectations at the Fed’s policy meeting this week.US Treasury yields for ten years have surged to 3.875%, compared to the previous daily close of 3.841%. …

The GBP/USD has slid for the seventh day. The Sterling has been impacted by weak UK PMIs and the overall gloomy UK economic future perspective. The UK PMI shows the largest month-on-month drop in 11 months, signaling a potential weakening of post-pandemic spending. The Sterling is even seen as heading …

The Australian dollar has risen against the US dollar on Monday due to positive market sentiment, supporting commodity currencies like the Aussie more than safe-havens like the US dollar. S&P Global’s data shows the US Composite PMI is higher and in expansionary territory compared to Australian counterparts, reflecting the positive …

Above 101.00, the US Dollar Index maintains modest daily increases. The private sector’s economic activity continued to grow in July, according to US figures. Following a week in which it outperformed its key competitors, the American currency opened the new trading week on a positive note. The US Dollar Index, …

WTI increased by 2% to begin the week over $78.00 and the 200-day SMA. Oil prices are supported by global supply constraints and Chinese economic stimulus. Following PMI surveys, all eyes are on the main central bank’s choices. The American crude is trading at $78.929 per barrel at the time …

Spanish stocks were the losers among European stock exchanges on Monday after the country’s general elections ended without a clear winner, indicating a political deadlock and causing concern among investors. The Spanish stock index fell 1.1 percent, its lowest level in about a week, after the results of the elections …

On Monday, the dollar and the euro recorded a strong start to a week of central bank meetings, while the yen suffered amid investor expectations that the Bank of Japan would not raise interest rates, contrary to what policy makers in Europe and the United States plan. The Federal Reserve …