Market Update

“It is going to be almost impossible for individual countries to keep their borders shut for the foreseeable future. Economies have to open up, people have to work, trade has to resume,” the Director-General of the World Health Organization (WHO), Tedros Adhanom Ghebreyesus, said on Monday. “Where these measures are …

The Federal Reserve Bank of Dallas manufacturing general business activity index improved in July to -3 from -6.1 in June. The company outlook index registered a second consecutive positive reading, increasing three points to 5.9. Meanwhile, the index measuring uncertainty regarding companies’ outlooks surged from 9.1 to 20.9. The Texas …

Bitcoin jumped above $ 10,000 for the first time since early June after the recent quiet price action. The cryptocurrency traded at $ 10,196.27, up more than 2.55% on the day. Bitcoin crossed the $ 10,000 barrier on June 3 but has since fallen and has remained steady, but for …

Crude oil prices rose last week as WTI rose 1.65%, but gains were limited by increased US-China tensions and market sentiment. Although WTI fell to $ 41 at the beginning of the week, it quickly reversed the trend and was last seen registering a 1% gain on the day to …

Durable goods orders in the United States continued to rise in June, as the US Census Bureau reported on Monday that durable goods orders in the United States rose 7.3% MoM to $ 206.9 billion in June after an increase of 15.1% in May, better than forecasts of 7.2%. Excluding …

The GBP/USD pair rose to nearly 5-month highs with a strong offered tone, to the 1.2875 region during the mid-European session on Monday. The US dollar started the week on the negative side, amid fears of a faltering economic recovery in the United States after the increase in new Covid-19 …

US stocks are set to open higher on Monday and support comes from hope for the immediate delivery of the new fiscal stimulus during the busy week of corporate earnings and ahead of the Federal Reserve meeting S&P 500 futures are up 24 points or 0.8%, Nasdaq 183 or 1.7% …

The price of gold has reached an all-time high, as concerns about the health of the recovery in the United States and the increasing signs of the second waves of Corona virus around the world have boosted demand for assets that no one can afford. Gold futures rose to $ …

Data from the French Ministry of Labor showed on Monday that France is experiencing the largest decrease in total unemployment as job seekers find part-time jobs. The ministry said the number of unemployment in government employment agencies decreased by 204,700 in June, the largest monthly drop ever to 4,220,900. The …

The EUR/GBP gained some momentum on Monday and built on a good bounce last week with the common currency receiving support from the European Recovery Fund Agreement. The EUR/GBP shade some gains around 20 points during the European session, just above 0.9100. the pair built on a good bounce last …