Market Update

Oil prices fell in trading on Wednesday, with expectations of an increase in crude oil inventories and a decline in oil prices due to lack of physical demand and fears over coronavirus pandemic that renewed concerns about the persistence of oversupply. Brent crude for September delivery fell 0.3% to $ …

Andrea Beltramello, a European Commission official, told an FIA online event that equivalence assessments for the UK financial services market access are ongoing and take into account how far the United Kingdom will diverge from the bloc’s rules, a European Commission official said on Wednesday. Quotes“Taking into account how far …

Gold reached $1,800, hitting the highest level since November 2011, surpassing a previous high of $ 1797, and it is now functioning as support. Investors are looking for levels of 1,810 then 1,825, 2011 peaks at under the spotlight at 1,921 and 2000. Gold is ready to post more bullish …

British Pound higher against USD just above 1.2550, 0.08% on a day, the highest level since June 17, the cable (GBP/USD) was drawing a bullish picture on 4-hours chart with a bullish momentum. The cable broke above a downtrend support line that capped it since late June. Resistance awaits at …

USD keep its gains on Wednesday as headlines of an increase in Covid-19 cases in US and lockdown measures in some countries provided the demand for the greenback. Federal Reserve officials have expressed fears that economic growth will be affected by the continued rise of Covid-19 cases in the country …

Markets are looking for a new direction after stocks tumbled and the dollar appreciated on Tuesday. Concerns about Covid-19 cases in the US and geopolitical tensions remain dominant. After the number of cases declined on Monday, the cases of Covid-19 increased again in the United States on Tuesday. New cases …

FX option expiries for July 8 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1250 551m1.1300 1.9bn – USD/JPY: USD amounts          107.45 352m107.50 1.9bn107.55 915m108.00 525m108.40 550m108.50 400m – AUD/USD: AUD amounts 0.6975 513m  – NZD/USD: NZD amounts 0.6525 264m

The New York Stock Exchange (NYSE) settled significantly lower on Tuesday, after achieving large gains during the first session of the week on Monday. The Dow Jones Industrial Index closed dropped nearly 397 points or 1.51% and closed at 25,890 points. The S&P 500 index fell by 34.4 points or …

Crude oil prices settled lower on Tuesday, as markets anticipate US crude inventories data. Brent crude oil futures for September delivery declined by 2 cents to close at $43.08 per barrel. The benchmark US crude oil, the West Texas Intermediate (WTI), futures for August delivery decreased by 1 cent to …

The President of the Richmond Federal Reserve, Thomas Barkin, said on Tuesday that the US economy faces some very real risks if support to businesses does not continue. Barkin believes the Fed should do more given the current high unemployment rate at 11%.