Market Update

The dollar was broadly flat on Monday and currency markets lacked momentum as investors weighed expectations of price volatility with the extent to which central banks could tolerate inflationary pressures. Last week, the Federal Reserve (the US central bank) stuck to its view that the current high inflation is expected …

Gold prices continued to climb to a two-month high on Monday, as investors maintained their view that central banks will continue to maintain low interest rates for the time being. Investors are turning their attention to core inflation data in the US due later this week. And the spot price …

US Treasury yields rose on Monday morning, as investors’ attention turned to inflation data, due for release later in the week, the benchmark 10-year Treasury yield was up 2 basis points to 1.474 percent, and the 30-year Treasury yield added a point. 1 basis at 1.8999% This comes after Treasury …

The Asian session was a bit quiet at the start of the week. This morning, the People’s Bank of China set the yuan’s exchange rate against the US dollar at 6.3959 yuan per dollar. Expectations were for the Chinese yuan to stabilize against the dollar at 6.3906 yuan per dollar. …

All expectations that signals by BoC and RBA could push the world’s monetary policy actors to accelerate their own timelines for interest rate hikes, ran into a solid wall with the U. S. Federal Reserve and European Central Bank announcing they would not hike interest rates so fast, though Fed …

The KSA boosted prices just after refusing to bend to U.S. pressure to pump more crude oil. With OPEC unanimously agreeing to stick to its plans, attention now turns to whether U.S. President Joe Biden will respond.The total active U.S. rig count, which includes those drilling for natural gas, climbed …

The U. S. dollar jumped on Friday to hit highest level in a year, after official data revealed more solid U.S. job growth in October, but the American currency retreated in late trading as risk appetite improved and stocks surged.NFP increased by 531,000 jobs last month, above expected 450,000, as …

The S&P 500 Index as well as other major U. S. equity indices witnessed a strong end to a strong week. The S&P 500 clinched a seventh successive record session close at 4697 after briefly surpassing the 4700 level intraday.The index ended the week up over 2.0% on the week, …

The surge in the prices of commodities has been unprecedented since mid-2020, predictably resulting in calls that a new supercycle is proceeding. Supply-demand imbalances are plaguing the globe and boosting prices further. But one topic that is gaining more and more significance in 2021 is that a number of commodities …

The Canadian dollar failed to benefit from the strong Canadian labour market released Friday, much like the U. S. dollar and the USD/CAD pair is settling in neutral territory on the day around the 1.2450 mark. The pair has been subject to significant retreat in recent days, together with the …