Market Update

FX option expiries for Sept 29 NY cut at 10:00 Eastern Time, via DTCC, can be found below. EUR/USD: EUR amounts 1.1600 512m USD/JPY: USD amounts 104.75 376m105.00 2.6bn105.10 375m105.30 685m105.32 444m105.35 404m NZD/USD: NZD amounts 0.6580 343mEUR/GBP: EUR amounts 0.9155 571m

The New York Stock Exchange (NYSE) closed higher on Monday, starting the week with huge gains amid improved investors sentiment amid anticipation for a new stimulus package in the United States. Energy, tech, and banks stocks led the gains on the first session of the week supporting the rise of …

Oil prices closed higher on Monday, amid increased hopes for a new economic stimulus package in the United States. However, rising concerns about the increasing number of COVID-19 cases in many countries limited the gains of crude prices. Brent crude futures closed higher by 51 cents, or 1.22%, at $42.43 …

The US Dollar is declining across the board against major currencies on Monday, amid selling pressures. The Dollar index (DXY), which measures the performance of the USD against a basket of six international currencies, is down by 0.39% for the day at 94.28. The index, which closed last week at …

The United States treasury yields stabilized on Monday, despite the rise of stock markets, amid increasing demand for safe havens. Return on the 10-year Treasury note remained almost unchanged at 0.661%. Yields on the 30-year bonds increased by 1.8 basis points to 1.423%. Meanwhile, the two-year note yield maintained its …

Gold prices closed higher on Monday, rising in the first session of the week as the US Dollar (USD) declined across the board against major currencies. In addition, political uncertainties and the rising number of COVID-19 cases in many countries are spurring demand for safe havens. Gold futures for December …

President of the Federal Reserve Bank of Cleveland, Loretta Mester, said on Monday that the US economy needs more actions to guarantee its recovery from the impacts of the Coronavirus (COVID-19) “Opportunity and inclusion are important for achieving a strong economy.”“Unless actions are taken to promote an inclusive economy, the …

European stocks closed higher on Monday, opening the week with strong gains. The STOXX Europe 600 index gained 2.2% and closed at the level of 363.39 points, supported by a strong rebound from bank stocks. In the UK, the FTSE100 index finished the first session of the week higher by …

The Euro (EUR) is declining against the British Pound (GBP) is down by 0.57% for the day, trading 0.9072, amid the strength of the latter. The pair opened Monday at the level of 0.9094 after closing last week at 0.9125. EUR/USD is moving in a range between 0.9025 and 0.9126, …

The US Dollar (USD) is showing stability against the Japanese Yen (JPY) despite mostly weakness across the board. The USD/JPY is trading at 105.55, marginally lower for the day by 0.03%. The pair has been moving in a range between 105.270 and 105.690. After closing last week at 105.58, the …