Market Update

The Gold Index (XAU/USD) climbs in the North American session, despite US T-bond yields shooting through the roof after the US Nonfarm Payrolls report smashed expectations. XAU/USD is trading at $1,816.Financial markets mood is positive. US Treasury yields move higher in the session, with the 10-year benchmark note rate at …

Eurozone inflation risks are on the rise but price pressures could still subside before becoming entrenched in expectations, European Central Bank President Christine Lagarde said on Monday. Pointing to mounting inflation risks, Lagarde opened the door last week to an interest rate hike later in 2022 and said that a …

US data and earnings will be in focus this week after big tech earnings spurred large market swings last week. If US economic data triggers an additional repricing of hawkish Fed bets, that risks further downside, particularly for growth and tech shares.US equity markets were able to erase pre-market losses …

The US dollar is staying resilient against its rival currencies at the start of the week following Friday’s rebound, which was fueled by the upbeat January US jobs report.There will not be any high-tier macroeconomic data releases on Monday and major currency pairs are likely to move sideways. US stock …

The West Texas Intermediate crude oil was hit by profit-taking in early European trade, dipping at one point under the $91.00 level. However, trade has since been choppier in both directions, with WTI prices more recently swinging between the $91.00-$92.00 area. At current levels around $91.50, front-month WTI futures trade …

European shares rebounded on Monday after five straight weeks of losses, as gains in mining stocks and positive business results overshadowed fears of a series of looming monetary policy tightening and geopolitical tension. The pan-European Stoxx 600 index rose 0.1 percent, after falling 0.7 percent last week. The euro fell …

China and the United States should approach trade issues on the basis of mutual respect, China’s Foreign Ministry said on Monday, after U.S. officials urged Beijing to take concrete measures to fulfill commitments under a trade deal. No trade disputes are not in anyone’s interest, Foreign Ministry spokesman Zhao Lijian …

The euro fell on Monday after rising last week that followed a shift from the European Central Bank to tighten monetary policy, as traders turned to the dollar on bets that the jump in jobs created by the US economy in January could lead to faster rate increases than US …

European shares rebounded on Monday after five straight weeks of losses, as gains in mining stocks and positive business results overshadowed fears of a series of looming monetary policy tightening and geopolitical tension. The pan-European Stoxx 600 index rose 0.1 percent, after falling 0.7 percent last week. Mining stocks led …

Eurozone’s investor sentiment extended its upbeat momentum in the second month of 2022; the latest data published by the Sentix research group showed on Monday. The gauge jumped to 16.6 in February from 14.9 in January vs. an advance to 15.2 expected. The index extended its recovery from the lowest …