Market Update

The U.S. dollar experienced a broad decline on Monday, with a particularly sharp drop against the Japanese yen, as investors anticipated a dovish tone in the Federal Reserve’s upcoming July policy meeting minutes and Chair Jerome Powell’s speech at the Jackson Hole Symposium. The greenback fell over 1% to 146.01 …

The past week has witnessed a notable rebound in equity markets, with the S&P 500 and the Canadian TSX surging over 6.5% and 5%, respectively, from their August 5 lows. This resurgence appears to be primarily driven by two key factors: a continued moderation in inflation and a resilient economic …

Gold prices have shattered yet another record, soaring above the $2,500 an ounce mark. This unprecedented surge has investors and analysts alike wondering if the precious metal is on course for even higher heights. Spot gold is trading at $2,506.84 at the time of writing. Gold futures surpassed 2,537.8 at …

A fresh batch of data eagerly awaited by markets to clarify the Federal Reserve’s future monetary policy path, eliminating uncertainty around potential interest rate cuts, their magnitude, and related factors, is the US retail sales figures.Fed rate cut expectations entered a new phase where investors, observers, and analysts alike are …

US markets closed higher on Friday, securing the best week for stocks since November 2023. This comes after a rally on Thursday that erased losses suffered during the early August sell-off.Key Developments:All major indexes gained for the week, with the S&P 500 (^GSPC), Nasdaq Composite (^IXIC), and Dow Jones Industrial …

The US Dollar (USD) experienced a decline on Friday, driven by a combination of factors including the release of the University of Michigan’s Consumer Sentiment Index figures and softer-than-expected housing market data. Let’s break down the key points:Consumer Sentiment Index:The University of Michigan’s Consumer Sentiment Index improved to 67.8 for …

Federal Reserve Chair Jerome Powell is expected to easily find his way to news headlines next week’s annual economic symposium in Jackson Hole, Wyoming. The event, hosted by the Kansas City Fed, brings together global central bankers and provides a platform for assessing economic trends and monetary policy.Economic Assessment: Powell’s …

On Friday, the USD/JPY fluctuated once again below 149.00 as risk appetite stabilized. To close the trading week, there is selling pressure on the US dollar everywhere. Next week will bring Jackson Hole and national inflation data from Japan.Friday saw a slight decline in USD/JPY, with a morning drop below …

The U.S. dollar remained close to a two-week high against the Japanese yen on Friday, following its most significant one-day gain against major currencies in four weeks. The rally was driven by robust U.S. economic data, which largely dispelled recession fears. The greenback also received a boost from a surge …

Oil prices were on track for a second consecutive week of gains, despite a slight decline on Friday, driven by strong U.S. economic data that fueled optimism about demand in the world’s largest oil-consuming country. Brent crude futures have risen approximately 1.3% this week, while U.S. West Texas Intermediate (WTI) …