Market Update

The latest strength of the USD and the rising Treasury yields have served as main series catalysts for gold mining stocks. Now, Gold is testing the support level at USD 1750. The U.S. Dollar Index, which measures the strength of the U.S. dollar against a broad basket of currencies, is …

Coinbase CEO Brian Armstrong released, Friday, a new list of predictions for Bitcoin and the cryptocurrency industry.Armstrong believes a billionaire Bitcoin based upon blockchain concepts will boost technological, scientific and charitable causes in the near future. He believes as soon as the price rises up to USD 200,000 per Bitcoin, …

Copper price declined, this weekend, after China said that it would closely monitor market conditions. The Chinese state planner will also continue to free policies concerning copper, aluminum and zinc from its state reserves, in an effort to maintain balance and encounter long-term mismatches between supply and demand.As a direct …

EUR/USD has kept sliding for the second successive day. The pair has been exchanging hands at 1.1728 down 0.30%.After a stellar U. S. Retail Sales report on Thursday, the EUR/USD pair is trading at three-week lows, driven by USD’s strength as (DXY) Index is at three-week highsThe market mood is …

Crypto currency Dogecoin achieved some positive move on the road to recovery and jumped up Friday as traders are assessing feasibility and impact of its addition on Coinbase, one of the world’s leading crypto exchanges. The SHIB/USDT exchange rate rose up to 16.42% to USD 0.00000950 for the first time …

The awaited critical event for markets next week will be the Federal Reserve meeting. As observers suggest, the meeting may prove unextraordinary. They do not expect the Fed to formally announce a decision on the reduction of the purchase program. After a disappointing August’s jobs report, instead, tapering outsized asset …

The dollar settled near three-week highs on Friday, September 17, after better-than-expected US retail sales data boosted bets on the strength of the US economy and the prospects of abandoning its stimulus program sooner than expected. The euro rebounded, recording $1.1783, but it remains close to a three-week low. US …

Oil prices fell on Friday, September 17, but settled above $75 a barrel and remained on track for a weekly gain of more than 3 percent thanks to a slow recovery in US production after two hurricanes in the Gulf of Mexico. Brent crude futures fell 27 cents, or 0.36 …

European shares rose on Friday, September 17, heading for weekly gains, as news that Britain is considering easing travel restrictions boosted shares of airlines and hotel groups, and a rebound in luxury goods stocks supported major indexes. By 0711 GMT, the pan-European Stoxx 600 index increased 0.7%, on track to …

According to Eurostat’s final reading of the Eurozone CPI report for August, the consumer prices came in at 3% on a yearly basis, matching the flash estimate and anticipated. While the core CPI also matched original estimates and 1.6% during the reported month.