Market Update

Amidst minor retreats in risk-linked assets, the US dollar maintained its positive outlook and maintained the consolidating atmosphere near the upper end of its recent range. As the spot approached the 152.00 level, worries over possible FX intervention surrounding the USD/JPY continued to grow. Additional gains helped to keep the …

Although the collapse of the Francis Scott Key Bridge in Baltimore is considered a significant setback, a number of experts believe that the US economy as a whole is unlikely to be severely damaged. Nonetheless, a thorough investigation of this incident’s effects is necessary.Impact on the Nation Mostly Controllable Minimal …

The EUR/USD pair found support despite the dovish move by the ECB and conflicting signals from Fed officials. ECB officials give a dovish tone to the policy outlook during wage inflation talks, hinting at a possible rate decrease in June. The US GDP and core PCE inflation numbers are anticipated …

Wednesday’s North American session is witnessing a steady increase in gold prices as buyers aimed for $2,200. Investors purchased the yellow metal due to a quiet economic calendar in the US and growing rumours on a Fed rate cut in June. As of this writing, the XAU/USD pair is up …

US Treasury bond yields are declining amid anticipation of key US inflation data, namely, the Personal Consumption Expenditures data, the most important, credible and reliable indicator for the Federal Reserve.PCE data in the United States will shed more light on price trends in the recent months, and thus will clarify …

Federal Reserve Governor Christopher Waller said on Wednesday that recent weak inflation data supports the case for Fed holding off on cutting its short-term interest rate target, per Reuters.The US Dollar Index attracts some buyers following the above hawkish comments. The DXY is trading 0.11% higher on the day at …

Dow Jones Industrial Average surged by 0.7%, and the S&P 500 gained 0.4%. Following a losing streak and relative weakness that caused the major indices to retreat from their most recent record highs. Despite the recent pullback, all three indexes remain on track for a positive month and a winning …

Following the American Petroleum Institute’s (API) unexpectedly high data on US crude stocks, Prices of Brent crude oil futures are essentially unchanged trading at $85.63 per barrel on Wednesday. Spot Brent is trading up 0.17%, at $86.077 per barrel. WTI futures are trading at $81.170 per barrel, up 0.24%. Spot …

European stock markets opened flat on Wednesday, maintaining their unprecedented high level from the previous session, as investors anticipated upcoming economic data releases. Here are the key highlights from the morning trading session: STOXX 600 Holds Near Record High The European STOXX 600 index settled at 511.07 points, remaining close …

Japanese stocks closed higher on Wednesday, driven by a combination of factors including a weaker yen and increased demand for dividend-yielding stocks. Exporters Benefit from Weaker Yen The Nikkei index surged 0.9 percent to 40,762.73 points, supported by a decline in the yen to its lowest level since the mid-1990s. …