Market Update

Gold maintained a positive performance for the third session in a row on Friday to finish the week on a rise for the second consecutive week. The yellow metal futures for August delivery gained $5.60, or 0.38%, to finish at $1,783.30 per ounce, its highest since June 23. Gold gained …

The United States economy is expected to achieve a better than previously expected growth this year, as shown by the most recent forecasts. Containing the coronavirus pandemic with the rollout of vaccines, reopening business, demand recovery helped by the massive stimulus and support measures are providing the base for recovery …

European stocks closed higher on Friday for the second consecutive session, supported by a positive performance by leisure and travel stocks, despite losses by the banking stocks, which limited gained amid concerns about the Delta variant of the Coronavirus. The STOXX Europe 600 Index gained 1.18 points or 0.26% and …

The U.S. Dollar (USD) dropped against its Canadian counterpart (CAD), sliding into the negative territory with the beginning of the American session, after moving earlier in a relatively tight range around its highest level in about two weeks near 1.24. The greenback has declined across the board following the release …

New factory orders in the United States rebounded in May, following a decline that exceeded expectations in April, data showed on Friday. Factory orders increased by 1.7%, following a 0.1% decline in April, according to the U.S. Department of Commerce. On an annual basis, factory orders surged by 17.2% compared …

The business activity in Canada’s manufacturing sector continued to expand in June, albeit at a softer pace than it did in June, with the Markit Manufacturing PMI edging lower to 56.5 from 57 in May.

The latest statistics from Bank of America fund flows showed that investors continued to pour more liquidity into bonds and stocks, as Wall Street hit a new record high and US government bond yields remained below 1.5%. The US investment bank said, based on data from IBFR, that fixed income …

Nonfarm Payrolls (NFP) in the US rose by 850,000 in June, the data published by the US Bureau of Labor Statistics (BoL) showed on Friday. This reading followed May’s print of 583,000 (revised from 559,000) and came in better than the market expectation of 700,000.

The Commerce Ministry said Turkey’s trade deficit decreased 11.4 percent to $21.16 billion in the first half of 2021, and expanded 1.04 percent year on year to $2.89 billion in June, according to the General Trade System. In June, exports amounted to 46.9% to 19.77 billion dollars, after they were …

Despite the dollar’s continued sustained strength over the past few days, bonds have fallen in line with 10-year Treasury yields staying below 1.50%. The next bond movement will be led by the employment data expected to be released today. There is a good argument that if the employment data comes …