Market Update

Research has found that trading volumes on major cryptocurrency platforms fell by more than 40% in June amid regulatory restrictions in China and a lack of volatility was one of the factors affecting the activity. Data from London-based research firm CryptoCompare showed that spot transaction volumes fell 42.7% to $2.7 …

Oil prices rebounded ahead of the weekend and WTI closed in positive territory, rising more than 3%. On Monday, after rising to $75 during Asian trading hours, WTI fell to 73.14 before recovering slightly. At the time of writing, WTI is down 1.4% at $73.60. In a joint statement published …

The yield on the US 10-year Treasury fell to 1.33% in the third week of July, near levels not seen since February, amid concerns that the peak of the economic recovery has passed and growth slowing both in the US and abroad. Investors’ attention now turns to the Q2 earnings …

The dollar stabilized against most currencies on Monday, as investors were cautiously overwhelmed by pandemic concerns, while they also awaited more indications of a global economic recovery before taking their next steps. With the market highly sensitive to any talk of an early easing of stimulus, US inflation data will …

Gold prices fell and are heading to record the largest decline in nearly two weeks, with the decline in the metal’s attractiveness due to the recovery of the dollar and stocks. And gold fell in spot transactions 0.4% to $ 1800.96 an ounce. And US gold futures fell 0.6% to …

Oil futures fell on fears of a slowdown in global growth, tipping the scales against a possible tightening of supplies after talks between major producers faltered to increase production in the coming months. Brent crude for September delivery fell 35 cents, or 0.5%, to $75.20 a barrel, and West Texas …

European shares rose, as investors sought safety in defensive sectors such as utilities and real estate on persistent concerns that the spread of mutated strains of the coronavirus would undermine the global economic recovery. The pan-European Stoxx 600 index rose 0.2%, extending gains after a strong recovery on Friday. Utilities, …

Japanese stocks recovered today thanks to cyclical stocks, with renewed hopes for a quick economic recovery, while Yaskawa Electric shares jumped after raising expectations for annual profits. The Nikkei index rose 2.25% to close at 28569.02 points, while the broader Topix index advanced 2.14% to 1953.33 points. The two indices …

The main indices of the New York Stock Exchange (NYSE) rebounded on Friday, turning to a third consecutive weekly rise after recent declines, which were mostly due to concerns among Wall Street investors about recovery from the pandemic and the mixed economic data. The Dow Jones Industrial Average gained 448.23 …

The U.S. Dollar (USD) declined on Friday, finishing holiday-shortened the week in losses, amid rising concerns about economic recovery and the resurgence of the coronavirus pandemic with new variants. Mixed economic data also increased worries about the pace of recovery. The Dollar Index (DXY) that measures the greenback against a …