Market Update

The United States Federal Reserve Vice Chairman, Richard Clarida, said on Monday that there is a possibility of employing Treasury yield caps in the future, Bloomberg reported. “Yield caps and targets were not warranted in the current environment but should remain an option that the committee could reassess in the …

The US Dollar (USD) is close to ending August as its fourth consecutive month of losses, marking its worst performance in August in five years. Consecutive losses are taking the USD to levels not seen in 2018, according to a recent report by Reuters. The Dollar Index (DXY), which measures …

The S&P 500 index hit a record high on Monday for the sixth straight session and on the path of achieving its best performance in August in decades, as bets were placed on the economic recovery with the Fed’s continued support the index. The S&P 500 index opened up 0.05%, …

US stocks should open slightly higher on Monday, as markets are on track to achieve their best August in more than 30 years. At 11:15 AM GMT, S&P 500 was up 8 points, or 0.2%, while the Dow Jones futures rose 47 points or 0.1%, And Nasdaq 100 futures gained …

Annual consumer prices in Germany fell for the first time in more than four years in August due to a VAT cut as part of a government stimulus package to help Europe’s largest economy recover from the shock of the coronavirus pandemic, data revealed. The Federal Statistics Office said that …

Data from the Turkish Statistics Institute showed that the country’s foreign trade deficit decreased by 18.2% year on year in July to $ 2.697 billion, according to the general trade system. The institute said that Turkey’s exports decreased by 5.8% and imports decreased by 7.9% compared to July 2019, reflecting …

Data released by the Australian Bureau of Statistics this morning showed that the retail sales index posted better-than-market expectations, rising by 4.1% in July compared to 3.3 in June. This indicator is a measure of consumer spending, which represents the majority of economic activity in general and affects the stock …

Data showed that Turkey’s economy shrank 9.9% in Q2 of the year, as the general lockdown due to the Coronavirus pandemic caused an almost complete halt of economic activities, representing the worst performance on an annual basis in ten years. According to the Turkish Statistical Institute, the decline in GDP, …

The dollar is heading to record a loss for the fourth consecutive month after a shift in the US Federal Reserve’s policy on inflation, while the euro is poised to record a fourth month of gains, which puts the two currencies at levels not seen since 2018. Investors are adapting …

Gold reversed its trend to decline on Monday, August 31, as the dollar recovered some of its losses, despite the US Federal Reserve’s new policy framework, which indicates that interest rates will remain near zero for a longer time, has limited the losses of the yellow metal, which is considered …