Forex Market

The euro rose during the European morning, hitting its highest level in four months after increasing demand with Federal Reserve Governor Lil Brainard hinted that the US needed an easier monetary policy. EUR/USD rose 0.1% to 1.1408, after reaching its highest level since March 10 at 1.1423 earlier in the …

Crude oil prices rose on Wednesday after a sharp drop in US crude inventories as markets eyeing OPEC meeting later in the day on the future level of production cuts. Brent crude futures rose 19 cents, or 0.4%, to $ 43.09 a barrel, while West Texas Intermediate (WTI) futures rose …

FX option expiries for July 15 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1290 601m1.1350 681m1.1400 1.7bn1.1450 824m – USD/JPY: USD amounts          107.00 755m107.25 709m107.30 473m

The unemployment rate in the United States could significantly decline over the coming months if proper policies are adopted, according to the President of the Federal Reserve Bank of St. Louis, James Bullard. Bullard remarks came following remarks by his Richmond counterpart that “there is a complicated brew of what’s …

President of the Federal Reserve Bank of Richmond, Thomas Barkin, said on Tuesday that unemployment in the United States could increase once again during the recovery from the COVID-19 crisis, with the market trying to adjust to a recession longer than previously expected, Reuters reported. “There is a complicated brew …

Treasury yields declined for the second consecutive day on Tuesday, with increased worries regarding the pace of economic recovery as COVID-19 cases in the United States increase. The 10-year Treasury notes yield decreased by 2 basis points (bps) to 0.611%, while the yield on the 30-year bonds declined by 4 …

The Swiss National Bank (SNB) will maintain its current negative interest rates, according to its Chairman, Thomas Jordan. “I fear it will take some time before we get there again,” Jordan said on Tuesday, as quoted by Reuters. The remarks came during a webinar with the International Monetary Fund (IMF). …

The US federal budget deficit increased to $864 billion in June with increased spending on COVID-19 stimulus and relief programs coupled with reduced taxes, data by the US Department of Treasury showed. The year-to-date fiscal deficit stands at $2.7 trillion, Reuters reported. Expenditure increased by 223% to $1.1 trillion, a …

US stocks are set to open with a modest rebound after its sharp losses on Monday over California headlines about COVID 19 cases, although bank quarterly earnings reports due later may be a game-changer. At 11:40 GMT, S&P 500 Futures trader 13 points, or 0.4%, higher, Nasdaq Futures up 48 …

FX option expiries for July 14 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1300 2.1bn1.1320 949m1.1325 1.1bn1.1350 1.1bn1.1400 615m – GBP/USD: GBP amounts         1.2500 257m1.2640 249m – USD/JPY: USD amounts          106.50 412m106.75 605m – NZD/USD: NZD amounts 0.6480 248m