Market Update

With another session of quiet trading activity across the FX sector, the US dollar moved marginally defensively. At their discussion panel at the ECB Forum, Fed Chair Jerome Powell and ECB President Christine Lagarde left no space for surprises in the interim. Investors are bracing themselves for a plethora of …

Powell Cites “Actual Advancement” While Central Bankers Evaluate War Against Inflation. Christine Lagarde, the head of the European Central Bank, and Jerome H. Powell, the chair of the Federal Reserve, both sounded upbeat about recent inflation figures but emphasized the need for greater confidence before cutting interest rates. Over the …

Crude Oil prices briefly reached new highs on Tuesday, with West Texas Intermediate crude testing above $83.50 per barrel before easing back to $82.50. The American Petroleum Institute (API) reported a steeper-than-expected drawdown in US Crude Oil supplies, with API barrel counts showing a weekly decline of -9.163 million, far …

Bitcoin price is currently trading down -1.24% at $62,047, with a drop of over 2.25% over the last 24 hours and 16% below its all-time high of $73,835. The price has fallen 8.75% over the last 30 days and 5.5% over the last three months, leaving market analysts wondering if …

Gold fell 0.28% following Fed Chair Jerome Powell’s remarks at the ECB forum in Portugal. Powell stated that he is cautiously optimistic on disinflation and emphasizes the need for more progress before rate cuts. US Treasury yields remain firm, while the US Dollar fluctuates in familiar range. The XAU/USD trades …

On Tuesday, the DXY Index showed a decrease in gains to hover near 105.70. The Greenback is influenced by rising JOLTS figures and Jerome Powell’s comments about the inflation outlook.The US Dollar experienced minor losses following Jerome Powell’s disinflation forecasts, with JOLTs figures from June coming in higher than expected. …

The Eurozone is “very advanced” on the disinflationary path but there remain “question marks” hanging over the outlook for economic growth, European Central Bank President Christine Lagarde said on Tuesday.“We’re very advanced on that disinflationary path,” Lagarde told the ECB’s annual Forum on Central Banking. “We are in that slow …

The British Pound has seen a sharp recovery after retracing to 1.2620 against the US dollar in Tuesday’s New York session. This comes as the US Dollar surrenders its gains after Fed Chair Jerome Powell admitted progress in disinflation in his speech at the European Central Bank (ECB) Forum on …

The U.S. dollar continued its upward trajectory on Tuesday, bolstered by rising U.S. Treasury yields, while putting pressure on low-yielding currencies like the Chinese yuan and the Japanese yen, which plunged to its weakest level against the dollar since 1986. Dollar Strength Driven by Rising U.S. Yields Benchmark 10-year Treasury …

European stocks experienced a decline on Tuesday, reaching a two-week low as the initial relief rally following the first round of French parliamentary elections subsided. Investors now await crucial euro zone inflation data for June, which could provide insights into the future path of interest rates. Market Performance The pan-European …