Market Update

The U.S. dollar edged lower on Tuesday as investors digested dovish remarks from Federal Reserve Governor Christopher Waller and looked ahead to a heavy slate of U.S. data that could shape the Fed’s final policy decision of the year. At publication time, the Dollar Index slipped 0.1% to 99.410, resuming …

Crude prices fell nearly 1% on Tuesday after Russia’s Novorossiysk port resumed loadings, easing immediate supply fears sparked by a Ukrainian drone and missile strike, while markets weighed the longer-term impact of Western sanctions on Russian flows. Brent down 0.9% at $63.64/bbl WTI down 0.9% at $59.37/bbl Supply jitters cool …

Bitcoin slid to its lowest level in nearly seven months on Tuesday, breaking below the $90,000 handle as investors dialed back expectations for a Federal Reserve rate cut and braced for a wave of delayed U.S. economic data. Bitcoin (BTC) traded 5.4% lower at $90,091 at 05:22 GMT after touching …

European equities fell sharply, mirroring Wall Street’s tech-led selloff as investors questioned the durability of artificial-intelligence premiums ahead of Nvidia’s earnings. At 08:05 GMT, Germany’s DAX and France’s CAC 40 each slid 1.3%, while the U.K.’s FTSE 100 dropped 1.0%. AI exuberance under scrutiny A renewed reassessment of AI-driven multiples …

Gold extended losses in Asian trading, pressured by a firmer U.S. dollar as traders pared back expectations for a Federal Reserve rate cut in December and rotated away from non-yielding assets. Spot gold fell 0.7% to $4,019.19/oz, while December futures declined 1.4% to $4,018.89/oz by 00:38 ET (05:38 GMT). Rate …

Crude oil prices saw modest support on Monday, with December West Texas Intermediate futures rising by less than 0.1%, while gasoline prices slipped about 0.6%, as geopolitical risks continued to weigh on global markets. Geopolitical tensions remain the primary driver of support for oil. Iran recently seized a tanker in …

Silver gained support from data showing the New York manufacturing index rose in November to its highest level in a year, reinforcing demand for industrial metals. Prices climbed during Monday’s session, approaching $51.00 per ounce, also buoyed by lingering uncertainty following the end of the U.S. government shutdown. The rally …

Gold retreated on Monday, with the precious metal falling about 0.8% during trading. The decline was driven by a stronger U.S. dollar and fading market expectations for a rate cut at the Federal Reserve’s December meeting, following a series of hawkish comments from Fed officials. Adding to the pressure, the …

The Japanese yen fell against the U.S. dollar on Monday, weighed down by the strength of the greenback. The USD/JPY pair rose about 0.3% after data showed the Japanese economy contracted in the third quarter at the fastest pace in a year and a half. This downturn strengthens Prime Minister …

The euro slipped against the U.S. dollar today, with EUR/USD down 0.30%, as the greenback strengthened and cautious remarks from the European Central Bank weighed on sentiment. ECB Vice President Luis de Guindos warned that financial stability risks in the Eurozone “remain elevated,” citing uncertainty over global economic trends and …