Market Update

The findings of the German ZEW survey showed on Tuesday that the Economic Sentiment Index declined modestly to -41 in April from -39.3 in March. This reading came in much better than the market expectation of -48. Underlying details of the publication revealed that the Current Situation Index dropped to …

Japanese stocks closed lower on Tuesday, approaching four-week lows, and high-tech stocks led the declines, following in the footsteps of their US peers. The Japanese Nikkei index closed down 1.81 percent to record 2,6334.98 points, its lowest level since March 16. The broader Topix index fell 1.38% to 1,863.63 points. …

Oil prices rose on Tuesday as concerns about demand in China eased after Shanghai eased some restrictions related to the spread of the Covid-19 disease, while OPEC warned that it would be impossible to increase production enough to offset the loss of supplies from Russia. Brent crude futures rose $2.98, …

The market sentiment was sour at the beginning of the week, with the US dollar initially falling but later recovering against its major rivals. Demand for safety pushed USD/CHF lower, to the 0.9300 region, and gold higher, as the precious metal trades around $1,950 per ounce.Economic DataBritish stocks ended lower …

The price of stumbled on Monday as investors assessed the risks from rising rates and the potential for more tightening by the Federal Reserve.Bitcoin last fell 7% to $40,009.78, according to Coin Metrics. Earlier in the day it fell to $39,785.68, falling below the key $40,000 support level for the …

The Ukrainian president Volodymyr Zelenskyy has crossed the wires recently and said that the Russian forces could use chemical weapons and that they take that threat seriously. He does not say chemical weapons have already been used. Meanwhile, there are reports that people are suffering from respiratory failure and neurological …

The USD/CAD pair is trading near the highs of the day towards the North American close. US oil continues to bleed out and correct the Ukraine crisis rally. Eyes will be on the US CPI data and the Bank of Canada this week. At 1.2635, USD/CAD is higher by 0.51% …

The United States economy is facing several threats, including the war in Ukraine, high prices, painful grocery bills, spiking gasoline prices, troubled supply chains, laggard recovery from the pandemic, and rising interest rates that some economists look upon as a cause of slowdown and a hindrance of growth.Biden’s White House …

At $1,947, the gold price is underwater in mid-New York Trade. The price hs range traded between a high of $1,970.02 and a low of $1,940.03 on the day so far. Traders have already seen good volatility in financial and commodity markets owing to the French elections, the ongoing crisis …

Chicago Fed President and FOMC member Charles Evans on Monday said that high prices in the US will persist for longer than he originally though, though will not be permanent, reported Reuters. The Fed has to reposition itself in its response, he said, noting that supply chain pressures are more …