Market Update

The dollar hovered above its lowest level in weeks against other major currencies today, Tuesday, under pressure from weak US Treasury yields ahead of the Federal Reserve’s policy decision this week, while the yen was little changed after the Bank of Japan kept interest rates unchanged. The dollar, which is …

Gold prices stabilized today, Tuesday, as dealers in the market looked to the US Federal Reserve meeting to obtain indications about the prospects for monetary policy, while the rise of the dollar pressured the attractiveness of the metal. Gold settled in the spot market at $1780.61 an ounce. There was …

Japanese stocks fell on Tuesday, as a batch of corporate business results fell short of ambitious investor expectations for a solid earnings recovery, as Japan struggled to contain the Covid-19 pandemic. The Nikkei index fell 0.46% to 28,991.89 points, while the broader Topix index fell 0.76% to 1,903.55 points. The …

European stocks were largely unchanged on Tuesday after the results of blue-chip companies such as HSBC and BP were announced, while UBS became the latest bank to disclose its damage from dealing with US investment firm Archigus. The pan-European STOXX 600 index fell 0.01%, as gains in oil and gas …

Data from the Cryptocurrency Management Quinchers Monday (April 26th) showed that the cryptocurrency Bitco8b lost record weekly flows as sentiment in general towards cryptocurrencies turned to caution after a rally stalled. BTC lost $21 million in inflows in the week ending April 23, the largest weekly inflows on record. The …

US natural gas futures rose more than 2% to their highest level in seven weeks on Monday, as exports continued to hit record highs while production declined slightly. The increase in prices came despite forecasts of milder weather, and demand for heating until mid-May is lower than previously expected. Gas …

The highly anticipated increase of the capital gains tax in the United States would only impact 0.3% of American taxpayers, according to Brian Deese, the Director of the National Economic Council, Reuters reported. “We need to do something about equalizing the taxation of work and wealth in this country.” “And …

The New York Stock Exchange (NYSE) showed a mixed performance on Monday, as Wall Street anticipates a slew of economic data and events this week, led by the upcoming Federal Reserve meeting. The Dow Jones Industrial Average lost 61.92 points, or 0.2%, to close at 33,981.57 points. Meanwhile, the S&P …

Oil prices continued to decline on Monday, extending their losses from last week, due to concerns about the surge in new coronavirus cases in India and other Asian markets. Markets are anticipating the upcoming OPEC+ meeting on Wednesday. Brent crude futures for June delivery dropped by 46 cents, or 0.7%, …

Gold prices rose on Monday, supported by a fluctuating performance by the U.S. Dollar (USD) ahead of the Federal Reserve meeting. The yellow metal futures for June delivery rose by $2.30, or 0.1%, to close at $1,780.10 per ounce. Meanwhile, silver futures for May delivery gained 13 cents, or 0.5%, …