Market Update

The euro fell to a more than two-month low on Thursday ahead of an anticipated European Central Bank rate cut, while the dollar surged to its highest level in 11 weeks due to expectations that Donald Trump, whose policies are viewed as favorable by the market, will win the upcoming …

European stocks edged higher on Thursday, as investors anticipated a dovish tone from the European Central Bank (ECB) following its widely expected interest rate cut. The continent-wide STOXX 600 index inched up 0.1% at 0713 GMT, recovering slightly after a two-day decline. Key Gainers and Earnings Highlights Finnish bank Nordea …

Oil prices traded flat on Thursday as investors remained cautious about geopolitical tensions in the Middle East and awaited more information on China’s economic stimulus plans. Traders were also looking ahead to the release of U.S. oil inventory data for further market direction. Brent crude futures dipped by 4 cents …

Gold prices rose slightly in Asian trading on Thursday, staying close to record highs despite a strong U.S. dollar fueled by speculation of a second Trump presidency. The rise in gold was supported by lower Treasury yields and expectations of interest rate cuts from major central banks. Spot gold climbed …

Gold prices rallied during the mid-North American session on Wednesday, bolstered by a decline in US Treasury yields and a disregard for recent US Dollar strength. Anticipations of interest rate cuts by major central banks, fueled by soft inflation data, weighed on bond yields and propelled the non-yielding metal. As …

EUR/USD Plummets Ahead of ECB Rate CutThe Euro is under significant pressure, pushing EUR/USD to multi-week lows as investors anticipate a rate cut from the European Central Bank (ECB). The ECB is widely expected to reduce its interest rates by 25 basis points on Thursday, a move that could further …

Pound Sterling suffered a significant decline following the release of UK inflation data for September. The unexpected slowdown in price growth has fueled speculation that the Bank of England (BoE) might reconsider its monetary policy stance and opt for a rate cut at its upcoming meeting.The GBP/USD pair plummeted to …

The US Dollar (USD) strengthened against the Canadian Dollar (CAD) on Thursday, with USD/CAD trading near 1.3755. The market is increasingly betting that the Federal Reserve (Fed) will implement a series of modest interest rate cuts in the coming months.The Fed’s dovish stance, coupled with geopolitical tensions and US election …

The confluence of geopolitical, economic, and supply-demand factors has driven WTI prices to a two-week low. While the immediate catalyst was Israel’s pledge to avoid targeting Iran’s oil facilities, the broader context reveals a complex interplay of forces shaping the global crude oil market.Geopolitical TensionsIran’s Nuclear Program: The ongoing tensions …

The European Central Bank (ECB) is poised to deliver its third interest rate cut of the year at its meeting this Thursday, as policymakers signal that inflation risks are easing more rapidly than anticipated. Markets have already factored in a 25 basis point reduction and are even speculating about a …