Market Update

The US dollar received some market’s attention in the American session, Tuesday afternoon, reaping daily gains against most major rival currencies.Wall Street opened with a firm tone and flirted with all-time highs, but turned lower soon afterwards, with major indexes ending the day mixed. In the absence of relevant news, …

On the way to becoming a modern socialist country by 2035, and rich, powerful, and dominant by 2049, with the celebration of the one hundredth birthday of the People’s Republic, China aspires to claim proud rights as its GDP surpasses the United States, and project its power based on its …

A quick look at central bank and government policies in the wake of the pandemic will easily help conclude that there is a highly bullish trend for commodity prices. In early 2020, when the pandemic caused selling in markets across all asset classes, there was a warning that quantitative easing, …

Receding Omicron-worries, signs of a bullish economy and positive seasonality are among bullish factors helping the shares market sentiment.The S&P 500 is trading flat on Tuesday following Monday’s stunning 1.4% surge, with the index falling back from earlier session record highs to the north territory of the 4800 level. The …

US President Joe Biden is considering the nomination of former Fed board of governors member and former Treasury Department official Sarah Bloom Raskin for the role of vice chair for supervision of the banking system.For the other two board of governor seats that will some become available, Biden is reportedly …

Factory activity in the central Atlantic region of the US gained momentum in December compared with the previous month, according to a survey compiled by the Federal Reserve Bank of Richmond released Tuesday.The Fifth District Survey of Manufacturing Activity’s composite index increased to 16 in December from 12 in November, …

On a quiet day of economic announcements, the investors are keenly observing factors impacting the stock markets, especially the spread of COVID-19 variant.Initial signs from the U.S. Futures Index suggest that Wall Street might open higher. Asian shares finished mostly up, while European shares are trading mostly positive.The Dow futures …

WTI trades above USD 76.00, supported as Omicron pessimism is in focus during Tuesday’s US session and amid supply outages.WTI only trades about USD 2.0 below pre-Omicron levels above USD 78.00, suggesting fears of economic disruption have generally been assessed.Oil prices have trimmed earlier gains with front-month WTI futures currently …

The market was quiet due to the Christmas and New Year holidays. Gold traded in the morning hours at $1809 an ounce, adding nearly $10, while the dollar index is still low and is trading at 96 against a basket of foreign currencies. The US Treasury yields also recorded a …

The futures contracts for US stock indices rose significantly in trading on Tuesday morning, accompanied by a rise in the US dollar index after its decline over the past period since the US Federal Reserve meeting, and all this in light of the ongoing celebrations for the upcoming new year …