Market Update

The Euro rose in Europe on Tuesday against a basket of global currencies, to resume its gains after two days of losses against the US dollar, again approaching the highest level in 26 months, taking advantage of the decline in USD. The Euro rose against the dollar by 0.4% to …

Gold prices are witnessing stability on Tuesday near the levels of $ 1975 an ounce, after setting a new record yesterday at $ 1984.88 an ounce, while tensions between the United States and China continue alongside the statements issued by US President Trump. The US President accused the Tik Tok …

The European Central Bank (ECB) is committed to providing the support needed to boost the economic recovery, said Chief Economist Philip Lane on Tuesday. “There is some rebound in economic activity.” “But level of economic slack remains extraordinarily high.” “The outlook remains highly uncertain.” “Inflation outlook plays a central role …

European stocks fell on Tuesday after weak results from and Bayer took the shine off a jump in growth-linked cyclical stocks, while investors await signs of progress regarding a new US fiscal stimulus. Diaggio, the world’s largest wine producer, fell 5.9% after it announced a larger-than-expected drop in core net …

Data released by the Australian Bureau of Statistics this morning showed that the retail sales index posted better-than-market expectations, rising by 2.7% in June compared to expectations for 2.4%. This indicator is a measure of consumer spending, which represents the majority of economic activity in general and affects the stock …

In a survey conducted by the German IFO Institute this morning about the auto industry in Germany, the results of the survey showed signs of recovery soon. However, expectations are still below 50. This comes after the latest data of Eurozone, which indicated the improvement of the manufacturing sector in …

Data released by the Australian Bureau of Statistics this morning showed that the trade balance in Australia recorded a surplus below expectations, as the surplus during June reached AUD8.20 billion, below the expected AUD8.80 billion. Remains better than May’s at AUD8.03 billion and revised to AUD7.34 billion. The trade balance …

According to the COMEX of New York, gold futures for October traded at $ 1978.15/oz, down 0.17%. It was previously traded lower at $ 1977.05/oz. Gold may find support at $ 1941.70 and resistance at $ 1997.00. The dollar index, which measures the performance of the greenback versus a basket …

FX option expiries for Aug 4 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1650 1.8bn1.1725 769m1.1750 827m – USD/JPY: USD amounts          105.75 401m106.00 521m106.07 444m – USD/CAD: USD amounts         1.3330 1.4bn1.3450 738m

Oil prices surged on Monday, supported by positive manufacturing and industrial data across the United States, Europe, and Asia. Brent crude futures rose by 63 cents or 1.5% to settle at $44.15 per barrel. Meanwhile, the U.S. benchmark West Texas Intermediate (WTI) crude futures rose by 74 cents or 1.8% …