Market Update

On June 4, 2025, the Bank of Canada, led by Governor Tiff Macklem, opted to maintain its benchmark interest rate at 2.75%, marking the second consecutive hold. This decision reflects a cautious approach as the economy grapples with heightened uncertainty, particularly from escalating U.S. tariffs. The central bank is balancing …

Oil prices edged lower on Wednesday, giving back part of their recent rally as unexpectedly weak U.S. labor market data raised fresh concerns over the health of the world’s largest oil-consuming economy. By 08:45 ET (12:45 GMT): Brent crude fell 0.7% to $65.17 per barrel West Texas Intermediate (WTI) dropped …

U.S. stock index futures ticked higher on Wednesday, building on Tuesday’s upbeat momentum as markets bet on potential progress in U.S.-China trade talks. Traders are pinning their hopes on an upcoming call between President Donald Trump and Chinese President Xi Jinping, which could reinvigorate stalled negotiations. As of 05:35 ET …

Bitcoin traded flat on Wednesday, maintaining its position within a narrow range as market sentiment remained clouded by growing uncertainty over U.S. trade policy and its potential economic repercussions. The muted price action reflects cautious investor behavior ahead of a possible high-stakes discussion between U.S. President Donald Trump and Chinese …

Asian equity markets largely moved higher on Wednesday, buoyed by optimism over a potential conversation between U.S. President Donald Trump and Chinese President Xi Jinping aimed at reviving stalled trade negotiations. The prospect of renewed dialogue provided a lift to risk appetite across the region, with technology stocks and chipmakers …

Gold prices traded in a narrow range during Asian hours on Wednesday, as investors balanced a modest return in risk appetite against persistent safe haven demand. Speculation over a possible meeting between U.S. President Donald Trump and China’s President Xi Jinping helped buoy market sentiment, but gold remained well-supported amid …

Oil prices saw a notable increase on Tuesday, with futures contracts rising by 2.00% to $63.30 per barrel, up from $62.98. This surge is primarily driven by escalating geopolitical tensions in Eastern Europe, which intensified after Ukraine’s recent strikes deep within Russian territory.Beyond the immediate conflict, several other factors are …

Gold’s recent downturn on Tuesday, with futures contracts falling to $3376 per ounce from a previous close of $3406, highlights a critical interplay between currency strength and precious metal valuations. This movement is not an isolated event but a clear reaction to a resurgent U.S. dollar, fueled by a confluence …

On Dubai TV, Mohamed Hashad, Head of Research and Development at Noor Capital and a member of the American Association of Technical Analysts, commented on the latest developments in the financial markets.Oil Market DevelopmentsRegarding oil, Hashad stated that oil prices saw a significant rise at the beginning of this month …

The EUR/GBP pair is under pressure, sliding toward the 0.8400 psychological level as Eurozone inflation data fuels expectations of a dovish European Central Bank (ECB) policy shift. Released on Tuesday, May 2025, preliminary figures show core inflation cooling, pushing the ECB closer to a rate cut at its Thursday meeting. …