Market Update

As Tuesday’s American trading session opened, the USD/CAD was trading at 1.2700, up by 0.59%.The USD/CAD pair has risen on the back of higher U. S. Treasury yields and the fall of the market’s risk sentiment.The U. S. 10-year Treasury yield reached a fresh two-month high at 1.567%. The fall …

ECB President Christine Lagarde said that the European Central Bank should be cautious of withdrawing stimulus too quickly, a statement by which Lagarde has distanced the European Central Bank from the move towards tighter monetary policy by many other central banks.ECB sees inflation going further above 3%, but expected to …

President of the European Central Bank, Christine Lagarde spoke before ECB Forum on Central Banking. Her speech was entitled: “Beyond the pandemic: the future of monetary policy”.Lagarde has pointed out that the economy is back from the brink, but not completely out of the woods. After a highly unusual recession, …

The Federal Reserve banks of Dallas and Boston have announced that their presidents, Robert Kaplan and Eric Rosengren consider resignation following reports of their investment trading activity, which spurred calls for the Fed to review its ethics rules.Kaplan acknowledged in a statement his stock trading distracted from the central bank’s …

The US dollar advanced for the third day in a row on Tuesday, boosted by a rise in Treasury yields ahead of a large number of Fed speakers this week who may confirm expectations to start reducing asset purchases before the end of the year, and the benchmark US 10-year …

US stock futures fell 1.6 percent on Tuesday, September 28, as the Nasdaq index futures suffered a sharp decline as rising bond yields pressured technology stocks. Nasdaq100 futures fell 1.6%, S&P500 futures fell 0.8%, while Dow Jones Industrial Average futures lost about 114 points or 0.3%. The 10-year Treasury yield …

The US two-year bond yield rose to an 18-month high, as expectations of the Federal Reserve continually curtailing its asset purchases. According to Bloomberg, the yield rose 3 basis points on Tuesday to 0.31%, after Monday’s auction saw weak demand. US bond yields have been rising since last week when …

German consumer sentiment rose against expectations as October reached its highest level in a year and a half, according to a survey published on Tuesday, September 28, in a sign that households continue to support the recovery in Europe’s largest economy. The GfK institute said its consumer confidence index, which …

European shares rebounded during trading on Tuesday, September 28, as a jump in government bond yields pressured high-growth technology stocks, in addition to the emergence of new indications of a slowdown in the Chinese economy that cast a shadow on investor sentiment. The European STOXX 600 index fell 0.4%, declining …

Gold rose in Tuesday morning trading in Asia. However, a stronger dollar and higher US Treasury yields capped the yellow metal’s gains, and investors are waiting for more clues from US Federal Reserve officials about when they will start reducing asset purchases and raising interest rates. Gold futures were also …