Market Update

FX option expiries for Aug 27 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1750 530m1.1755 658m1.1800 581m1.1900 1.0bn1.1950 823m – USD/JPY: USD amounts          104.90 425m105.00 1.7bn105.50 890m105.75 706m106.50 404m106.60 706m107.00 441m107.15 353m – AUD/USD: AUD amounts 0.7190 587m – USD/CAD: USD amounts         1.3100 …

The dollar remains near its lowest level in a week which it reached earlier Thursday 27 August, before a speech by US Fed Chairman Jerome Powell is expected to hint that the bank will adjust its policy framework to help raise inflation. Powell is scheduled to deliver his speech at …

Gold fell Thursday, August 27th, following a sharp increase in the previous session as investors adjusted their positions to focus on whether the US Federal Reserve chairman will hint at a change in monetary strategy. By 06:22 GMT, spot gold fell 0.8% to 1938.32 dollars an ounce, after rising 1.3% …

According to the COMEX, gold futures were traded for December at $ 1949.80 per ounce, down 0.44%. It previously traded at a session low$ 1946.25 an ounce. Gold may find points of support at $ 1908.40 and resistance at $ 1970.30. The dollar index, which measures the performance of the …

Chinese industrial profits rose at the fastest pace in two years, as the sector’s monthly profits rose 8.1% in July. The annual profits of Chinese industrial companies grew by 19.6% to exceed $ 85 billion. This data is an additional indication of the recovery of the second-largest economy in the …

Oil prices stabilized Thursday (August 27th) as a massive hurricane in the Gulf of Mexico affecting US oil industry, forcing oil drilling rigs and refineries to stop production. Brent crude futures for October delivery, which expire on Friday, rose 13 cents, or 0.3%, to $ 45.77 a barrel, after falling …

The New York Stock Exchange (NYSE) closed higher on Wednesday, supported by the tech stocks gains, positive economic data, and expectations that the US Federal Reserve will maintain its monetary policy for the near future. The Dow Jones Industrial Average added 83.48 points or 0.30% and closed at 28,331.92. The …

The Chief Economist and the Executive Director of Monetary Analysis and Statistics at the Bank of England (BoE), Andy Haldane, said on Wednesday that the role of central banks against the COVID-19 pandemic is limited in tackling inequalities, Yahoo Finance UK reported. “Many of the yawning social, economic, and financial …

President of the Federal Reserve Bank of Kansas, Esther George, said on Wednesday that the COVID-19 recession in the United States could reoccur if the pandemic intensifies. “An important risk to that outlook is thinking about what happens as we come into the fall, whether we see any resurgence in …

Oil prices showed a mixed performance on Wednesday, after support from data showing the fifth consecutive weekly draw in US crude stockpiles was offset by negative demand forecasts. Crude prices, especially in the United States, remain supported by output disruptions in the Gulf of Mexico due to Hurricane Laura. Brent …