Market Update

There were 1,186,000 Initial Claims for unemployment benefits in the US during the week ending August 1st, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous week’s print of 1,435,000 (revised from 1,434,000) and came in better than the market expectation …

Silver prices are recording strong gains against the US dollar during the last hours, to test the highest levels since April 2013, with a record rise in gold, along with global tensions and the uncertainty that dominates the market. Silver traded at 12:00 GMT, up 4.55% to $ 28.22 an …

The United Nations Food and Agriculture Organization (FAO) said on Thursday that global food prices rose in July, led by vegetable oils, dairy products and sugar, to continue recovery from the previous month, which came after sharp declines caused by the pandemic. The FAO Food Price Index, which measures monthly …

The USD / CHF fell in the European session and moved to the lower end of the daily range around the 0.9080 area. After rising to levels above 0.9100, the pair faced some new offers and sailed to the negative zone for the third consecutive session on Thursday. However, a …

European stocks fell on Thursday after the Bank of England forecast; the economic recovery to be slower after the pandemic, which affected the London stock markets. The pan-European STOXX 600 index slipped 0.3%, with London’s FTSE 100 falling 1.4%. After seeing a rally in the previous session on the back …

Thursday’s survey data showed that the British construction industry grew at the fastest rate in almost five years in July as business rebounded after the Covid 19 lockdown, reflecting a rebound in manufacturing and parts of the services sector. However, the services sector still has a long way to go …

According to the New York Mercantile Exchange, crude oil futures for September were traded at $42.14 a barrel, down 0.12%. It was previously traded at a session low of $42.02 a barrel. Crude oil may find support at $39.58 and resistance at $43.52. The dollar index, which measures the performance …

According to the COMEX, gold futures for October were traded at $ 2051.60/ounce, up 0.71%. It was previously traded at a session high of $2052.20/ounce. Gold may find support at $1960.00 and resistance at $2057.50. The dollar index, which measures the performance of the greenback against a basket of six …

Japanese stocks fell on Thursday as investors continued to shy away from risky bets amid a weak earnings season, but Toyota shares surged after unexpectedly avoided a loss last quarter. The Nikkei fell 0.43% to 22,418.15 points, and technology and consumer goods stocks were the most declining. The broader TOPIX …

Data from the Federal Statistics Office reported that orders for German industrial goods increased sharply in June as Europe’s largest economy began to set aside the effects of months of public isolation measures aimed at fighting the spread of the Covid-19, but volumes were still well below pre-pandemic levels. Orders …