Market Update

The Dow Jones Index has seen slight gains on Monday, climbing four-tenths of a percent as investors recover balance and resume the long wait for rate cuts from the Federal Reserve. The ‘bad news is good news’ sentiment has fueled investor sentiment seeking an accelerated pace of rate cuts from …

Gold prices have continued to decline since the beginning of trading on the first day of the new week’s trading, following in the footsteps of commodities that took a downward trend since the opening bell.Spot gold contracts fell to $2,318 per ounce, compared to the previous daily close, which recorded …

Investors and traders kept a close eye on the US inflation figures as well as the FOMC meeting in June. Due to the Fed’s aggressive approach, selling transactions took hold of gold prices immediately following the announcement that US interest rates would remain steady. Prior to the announcement of the …

The US economy surprised many analysts and investors in 2024 by shifting from early fears of a potential recession into a period of resilience and growth. The Federal Reserve, which initially expected to cut rates multiple times this year, has revised its stance to just one cut. So, what does …

The recent escalation in the US-Russian standoff has had a major impact on the Russian financial system. This comes after the US decided to impose a new batch of sanctions on June 12, targeting the Moscow Stock Exchange, the National Clearing Center and the National Settlement Depository, key players in …

The USD/JPY recovered some ground during Thursday’s North American session yet is virtually unchanged, up by a minimal 0.08%, weighed by a fall in US Treasury bond yields. US economic data from the United States (US) shows that inflation is getting lower, yet the Federal Reserve remains skeptical that the …

US bond yields have been declining since the beginning of daily trading on Thursday, affected by expectations of a rate cut, which highlighted the possibility of limiting the rate cut to only once this year.Ten-year US Treasury bond yields fell to 4.232% compared to the last daily close, which recorded …

Bank of Canada’s Deputy Governor Sharon Kozicki noted on Thursday that the BoC is set to end its quantitative easing program and that future applications of QE will have a very high bar to pass before accessing additional monetary policy mechanisms.The Canadian Dollar pared back recent gains against the US …

The Dow Jones Industrial Average tumbled another 150-plus points on Thursday after US data hinted at a further contraction of the overall economy, briefly sparking risk-off bids into the US dollar and forcing Treasury yields lower alongside equity indexes. The Dow Jones backslides over 150 points on Thursday. Treasury yields …

The number of Americans filing for initial unemployment benefits unexpectedly rose last week, indicating a potential slowdown in the labor market’s momentum. Initial jobless claims reached 242,000 for the week ending June 8th, surpassing the consensus forecast of 225,000 and exceeding the previous week’s total of 229,000. The four-week moving …