Market Update

The dollar rose to a 9-month high on Thursday, as global markets fell after the minutes of the latest US Federal Reserve meeting revealed that policymakers expect to reduce the stimulus related to the Corona pandemic period before the end of the year. The dollar index, which measures the performance …

European shares retreated more than 1%, amid fears of a faster-than-expected global monetary policy tightening, while lower commodity prices dented mining stocks to their lowest level in a month. The pan-European STOXX 600 index fell 1.5%, to its lowest level in two weeks, while mining shares fell 4.2%. Asian stocks …

Gold prices fell today, with the dollar rising to its highest level in months after the minutes of the US Federal Reserve meeting indicated that it will start reducing its pandemic-related stimulus this year. And gold fell in spot transactions 0.5% to $ 1779.52 an ounce. US gold futures fell …

The benchmark indices in the New York Stock Exchange (NYSE) finished lower for the second consecutive session on Wednesday, with Wall Street responding to the Federal Reserve’s July meeting minutes that showed a path to cut back the massive asset purchases before the end of 2021 or in January. The …

Oil prices declined on Wednesday, finishing at the lowest closing level since May, amid concerns over the spread of the coronavirus Delta variant and an expected negative impact on the recovery of energy demand. Earlier today, data showed a large drop in U.S. crude inventories to their lowest level since …

Gold prices closed lower on Wednesday, as the U.S. Dollar (USD) continued its rally against major peers, but rebounded following the release of the Federal Reserve July meeting minutes Talks about plans for monetary policy normalization soon, beginning with limiting the asset purchases before increasing interest rate, are providing support …

The U.S. Federal Reserve is seemingly concerned about the risks of stablecoins, with potential threats to financial stability. Minutes of the Fed’s July meeting, released earlier today, showed that members of the Federal Open Market Committee (FOMC) believe that significant structural vulnerabilities remained at entities such as prime money funds. …

The minutes of the latest Federal Open Market Committee (FOMC) meeting showed that some members of the United States Federal Reserve Board indicated that the committee should begin limiting asset purchases this year. However, 60% of respondents anticipated the first reduction in the pace of net asset purchases to come …

Crude oil inventories in the United States declined last week to their lowest level since January 2020. Inventories dropped by 3.2 million barrels in the week ending August 13, reaching 435.5 million barrels, according to official figures released on Wednesday by the U.S. Energy Information Administration (EIA). The decline in …

Housing Starts in the US declined by 7% on a monthly basis in July after increasing by 3.5% in June, the data published jointly by the US Census Bureau and the US Department of Housing and Urban Development showed on Wednesday.