Market Update

Oil prices fell for the second session in a row Friday, June 18, as the US dollar rose thanks to the possibility of an increase in interest rates in the United States, but crude is on track to conclude the week with little change and just below its highest levels …

Data from the European Central Bank showed that the Eurozone’s current account surplus widened in April thanks to an increase in the trade surplus and primary income, which includes profits from foreign investment. The 19-nation Euro bloc posted a revised current account surplus of 22.8 billion euros in April, up …

Gold prices rose on Friday, June 18, but are heading towards recording the worst weekly performance since March 2020 after the US Federal Reserve’s shift towards a monetary tightening tone caused the dollar to rise and negatively affected the attractiveness of the yellow metal. And gold rose in spot transactions …

Friday, June 18th, the dollar is set to record its best weekly performance in nearly 9 months as investors raced to consider an end to US monetary stimulus sooner than expected in the days following a sudden shift in the US Federal Reserve’s tone. Since Wednesday, when US central bank …

The German Interior Ministry said today, Thursday, that it will allow entry to people from outside the European Union from June 25, provided that they receive the full dose of the vaccine against the Coronavirus unless their countries are included in the list of regions where new strains of the …

The US House of Representatives on Thursday voted to repeal the president’s 2002 authorization for the use of military force that authorized the war in Iraq. As voting continued, the number of votes in favor of cancellation reached 265, against 162. Almost all Democrats support repealing the mandate, while most …

The U.S. Dollar (USD) declined against the Japanese Yen (JPY) on Thursday, despite rising against most of its major peers. The USD/JPY pair fell by 0.43% to 110.24, registering its biggest daily loss since June 4. The pair has now declined in two out of the past three sessions, and …

The British Pound (GBP) maintained its downwards trend against the U.S. Dollar (USD) for the third consecutive session on Thursday. A surprise hawkish change in tone by the U.S. Federal Reserve provided support for the greenback, while the Sterling remains impacted by uncertainty regarding easing lockdown measures in the U.K. …

The Euro (EUR) extended its losses against the U.S. Dollar (USD) on Thursday for the second consecutive day. This comes as the USD rose across the board following the U.S. Federal Reserve’s change in tone, expecting rising inflation and two rate hikes in 2023, sooner than previously expected. The EUR/USD …

The New York Stock Exchange (NYSE) showed a mixed performance on Thursday, with Wall Street investors reacting to the recent changes indicated in the U.S. Federal Reserve policy statement, from raising inflation forecasts to expecting two rate hikes in 2023. The Fed maintained the current main interest rate near 0% …