Market Update

Moody’s recent downgrade of the U.S. credit rating from Aaa to Aa1 signals fiscal challenges that could ripple through consumer finances. This shift, driven by a ballooning federal deficit and rising debt burden, may elevate borrowing costs for mortgages, credit cards, and auto loans. Here’s what this means for personal …

The euro continued its upward climb on Monday, capitalizing on a weakening U.S. dollar and bolstered by comments from the European Central Bank (ECB). Meanwhile, the dollar extended its decline, weighed down by negative developments in the U.S. credit rating landscape.Moody’s Downgrade Pressures the Dollar On Friday, Moody’s downgraded the …

The US Dollar is facing headwinds, registering losses against major currencies as markets grapple with the implications of the nation’s growing debt burden. This downward pressure is reflected in the US Dollar Index (DXY), which tracks the dollar’s performance against a basket of six currencies, currently hovering near the 100.30 …

Bitcoin continued its upward march on Monday, climbing 1.4% to $104,815.5 by 02:51 GMT, after briefly breaching $107,000 earlier in the session. The token is now trading at its highest level since January 2025, just shy of its all-time high of $109,228, as a confluence of macroeconomic tailwinds and investor …

European equity indices opened slightly lower on Monday, as investors took a cautious approach to start the week amid key geopolitical developments and the release of eurozone inflation data. By 03:05 ET (07:05 GMT), the DAX index in Germany was down 0.1%, France’s CAC 40 lost 0.4%, and the FTSE …

Gold prices climbed on Monday, supported by a resurgence in safe-haven demand after ratings agency Moody’s downgraded the U.S. sovereign credit rating, triggering risk aversion across global markets. Mixed Chinese economic data added to market caution, bolstering bullion’s appeal further. As of 01:51 ET (05:51 GMT), spot gold rose 0.5% …

Oil prices fell slightly on Monday, pressured by Moody’s downgrade of the U.S. sovereign credit rating and signs of a cooling economic recovery in China, the world’s largest crude importer. As of 04:40 GMT, Brent crude futures for front-month delivery dropped 35 cents, or 0.5%, to $65.06 per barrel, while …

US dollar closed this week’s trading with modest gains as it managed to make the best use of optimism around the future of trade between the two largest economies all over the world after USA and China announced an agreement on temporary tariffs cut for 90 days. Dollar gains were …

Gold prices are tumbling, with the precious metal dropping to around $3,180 and heading for a weekly loss exceeding 4%, the steepest since November 2024. Having shed over $300 from its April peak of $3,500, gold is grappling with fading safe-haven demand and intensifying technical selling. The decline reflects a …

Crude oil prices are on track for modest weekly gains, despite facing downward pressure from looming supply increases and technical resistance. Brent oil futures rose slightly to $64.77 per barrel, while West Texas Intermediate (WTI) crude futures edged up to $61.83, reflecting a cautious market balancing optimism from a U.S.-China …