Market Update

Auto sales in China fell 19.6% from the same month a year ago, according to data released Tuesday, October 12, falling for the fifth month in a row as production was disrupted by a long-running global shortage of semiconductors. Data from the China Automobile Manufacturers Association revealed that total sales …

Oil prices fell on Tuesday, October 12 for the first time in four days in what analysts described as a respite after weeks of gains due to rebounding global demand contributing to energy shortages in major economies. Brent crude prices fell to $83.59 a barrel, after touching a three-week high …

Bitcoin climbed above $57000 on Monday as it continues to dominate institutional capital flows and traders resume push for record highs.The largest cryptocurrency rose for the first time since May extending its two-week rally. It’s up over 30% in October, currently trading at around $57187.Bitcoin’s surge is due to two …

NZD/USD has surrendered the previous session’s gains on Tuesday in the Asian session. The buying pressure in the U. S. dollar keeps NZD/USD unsteady. NZD/USD is trading at 0.6933, down 0.12% for the day, the U. S. Dollar Index (DXY), which measures its performance against its six major rivals, trades …

Companies and businesses, across the U. S. A., encounter staffing shortages. The whole country wonders why these labor deficiencies take place.One reason is that a lot of people have lost jobs Since COVID-19 plagued America, but people also have reset their job related preferences. Changes also impact what people accept …

Crude prices surged as traders expect oil and natural gas production will be limited by a global drive to lower carbon emissions and a mix up secure supplies.U.S. crude rose 1.5% to $80.52 a barrel on Monday, closing above $80 for the first time since 2014 and bringing its climb …

Gold prices have gone back and forth during Monday’s trading session, and continued to hang out above the $1750 level.Investors continue to pay close attention to interest rates in the U. S, as they will have a massive influence on what happens next.A breakdown below the $1750 level could send …

Oil prices surged on Monday to significant highs, the move is boosting U.S. materials and energy stocks, but concerns that rising prices would worsen supply chain caused Wall Street to give up early gains.U.S. crude jumped 2.5% to $81.31 per barrel, a level not seen since late 2014, and Brent …

The US dollar has significantly surged during the course of the trading session on Monday to start the week and slice through the ¥112.50 level.The dollar ticked up to a 2-1/2-year high versus the yen on Monday after a soft U.S. payrolls figure did little to alter market expectations that …

Turkey’s lira dropped to a record low on Monday as a stronger U.S. dollar weighed on emerging market currencies, adding to bearish momentum on the lira since the central bank unexpectedly cut interest rates in September. In addition, the latest statements by President Erdogan concerning the elimination of threats from …