Market Update

Oil prices rose on Monday, recovering some of the losses from the previous week, due to concerns about a potential escalation in the Middle East following a rocket strike in the Israeli-occupied Golan Heights. This strike, which Israel and the United States attributed to the Lebanese armed group Hezbollah, resulted …

The Japanese yen edged higher on Monday, recovering from early losses as sentiment remained fragile following a significant rally last week. This rally was driven by a tech-led stock rout in the U.S., which increased demand for safe haven assets like the yen. Market Focus on Upcoming Policy Decisions Traders …

Gold prices climbed in Asian trade on Monday, regaining some of the ground lost throughout most of July. This recovery is largely attributed to growing expectations of interest rate cuts by the Federal Reserve, as well as a weaker dollar following recent U.S. inflation data. Spot and Futures Prices Spot …

Several factors dominated market activity throughout last week, including economic data, developments in the US political landscape ahead of the 2024 presidential election, escalating geopolitical tensions in the Middle East amid the ongoing war in Gaza, and updates on the monetary policies of central banks in major economies. Economic Data …

In the days leading up to the important OPEC meeting on August 1, oil prices are collapsing. The drop this week, which was caused by worries over China’s slowing consumption, puts the oil cartel in a risky position as it navigates a volatile market. At the time of writing WTI …

Canada’s corporate earnings season is set to kick off with a bang, as key players from diverse sectors prepare to unveil their financial performance. From the energy giants Topaz Energy and Gibson Energy to the consumer-focused Tilray Brands, the week of July 29th promises a wealth of data that will …

Gold prices surged 1.01% on Friday, supported by lower US Treasury yields amid growing optimism for an interest rate cut by the Fed in September after data showed US prices rose modestly in June.Spot gold was up about 1.01% to $2,389.71 per ounce, after hitting its lowest since July 9 …

As stable US core PCE inflation growth seems insufficient to affect firm Fed rate-cut expectations, the US dollar declines. It is largely expected that the Fed will hold interest rates steady the following week. The confidence of Fed policymakers on the return of inflation to a 2% path has increased. …

European stocks exhibited a flat performance on Friday, reflecting a lack of clear direction as investors digested a diverse range of corporate earnings reports. The pan-European STOXX 600 index remained steady at 508.9 points by 0710 GMT, heading towards its second consecutive week of losses after hitting a two-month low …

Oil prices saw a slight uptick on Friday but remained on course for a third consecutive week of declines, influenced by weak demand from China and evolving geopolitical developments in the Middle East. Marginal Gains on Friday Brent crude futures for September inched up by 12 cents, or 0.2%, to …