Market Update

FX option expiries for Sept 4 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1700 870m1.1780 615m1.1790 1.8bn1.1800 811m1.1850 651m1.1875 968m1.1900 2.4bn1.1905 554m1.1950 958m  – GBP/USD: GBP amounts         1.3100 261m1.3350 270m – USD/JPY: USD amounts          105.00 692m105.55 482m105.75 365m106.00 1.8bn106.50 613m106.60 570m106.65 870m106.75 455m106.95 …

The New York Stock Exchange (NYSE) closed lower on Thursday, with technology stocks leading the decline. The Dow Jones Industrial Average dropped by 807.77 points, or 2.8%, to finish at 28,292.73. The S&P 500 index also plunged by 3.5% and closed at 3,455.06. Bearing the highest losses, the Nasdaq Composite …

Oil prices declined on Thursday, due to negative outlook for demand recovery from the effects of the COVID-19 pandemic. Brent futures for November delivery closed lower by 36 cents, or 0.8%, at $44.07 per barrel. This is the lowest closing level for the global benchmark crude oil futures since July …

Gold prices closed lower on Thursday, falling to their lowest level in about a week. The yellow metal futures for December delivery settled lower by $6.90, or 0.4%, at $1,937.80 per ounce. This is the lowest closing level for gold futures since Thursday August 27. Meanwhile, silver futures for December …

The President of the Federal Reserve Bank of Chicago, Charles Evans, has supported maintaining the current policy until inflation reaches 2.5%. “I’d be comfortable with inflation going up to 2.5% as long as we were trying to average off very low inflation rates.”“I think the way that we did it …

The President of the Federal Reserve Bank of Chicago, Charles Evans, has called upon Congress to agree on another stimulus package to support the US economy amid the COVID-19 crisis. “Given my outlook, I expect this means highly accommodative monetary policy will be appropriate for some time to come.”“It is …

The European stocks closed Thursday lower, on the back of mixed economic data, reversing most of its gains on Wednesday. The Stoxx Europe 600 index closed lower by 1.40%, while the UK’s FTSE100 plunged by 1.52%. In Germany, the benchmark DAX index finished lower by 1.40%, while the French CAC40 …

There is more than a 30% chance for a no-trade deal Brexit, according to a recent report by JPMorgan, Reuters reported. The UK government reportedly sees no prospect for extending the transitional period for BREXIT negotiations, according to recent media reports. The transition or the implementation period ends on 31 …

President of the Federal Reserve Bank of San Francisco, Mary Daly, said that there is no urgency to ease monetary policy. “I don’t see a pressing need in terms of a misalignment of expectations relative to our policy.”

Germany aims at avoiding its public debt going above EUR 100 billion next year, despite increased spending to face the impacts of the COVID-19 crisis, Reuters reported The German Minister of Finance, Olaf Scholz, reportedly plans the 2021 public budget with EUR 80 billion in new debts, however, the German …