Market Update

Tuesday saw a brief decline in the price of bitcoin when the trustee in charge of the defunct Mt. Gox exchange transferred an astounding $2.8 billion worth of the cryptocurrency into two different wallets. Though they caution of a possibly chaotic week ahead owing to impending news events, analysts believe …

Exploring the realm of central bank reserves and the recently created Short-Term Repo (STR) program by the Bank of England is crucial. It investigates if this instrument is pointing to a possible problem with the Bank’s strategy to use quantitative tightening to reduce the size of its balance sheet. Background …

The Bank of Canada is set to cut interest rates for a second straight meeting to avoid a recession and prevent an inflation flare-up. Governor Tiff Macklem stated that he sees a soft landing, a slowdown that cools price pressures without triggering mass job losses. He became the first Group …

U.S. stock index futures steadied on Tuesday morning, ahead of crucial earnings reports from tech giants Alphabet and Tesla. These reports are expected to significantly influence market sentiment in the coming weeks. At 06:40 ET, Dow Jones Futures edged up 0.1%, S&P 500 Futures mirrored the Dow’s gains, while Nasdaq …

European stocks opened flat on Tuesday, with gains in the technology sector balancing out losses in metal miners. This balanced start follows the market’s best performance in over a month on Monday. Driving the technology sector’s upward momentum were strong earnings reports from software giant SAP and computer peripherals manufacturer …

Asian stock markets saw a mixed performance on Tuesday, with most indices rising as technology stocks rebounded from recent losses. However, Chinese markets remained under pressure due to ongoing concerns about the country’s economic outlook and the potential for renewed trade tensions with the U.S. under a possible Donald Trump …

Gold prices saw little movement in Asian trade on Tuesday, hovering near 11-day lows as traders sought further clarity on U.S. political developments and monetary policy ahead of the Federal Reserve meeting next week. Despite a significant drop from record highs reached earlier this month, gold remained relatively stable due …

Donald Trump, the Republican presidential contender and former US president, has emerged as a new influential force in the financial markets in the recent past, and his chances of winning the US presidential election in 2024 are being closely watched. These prospects have grown recently due to certain developments that …

On Monday, the USD/CHF pair was able to begin the new week with mild gains, reaching 0.8895. The market sentiment was significantly influenced by political factors centered around the upcoming presidential turnover. Investors are bracing themselves for a busy week due to a packed US economic calendar, which is expected …

The most recent indications of declining inflation and slowing economic activity are likely to have an impact on the Federal Reserve’s decision to lower interest rates. Food and energy-related prices in the personal consumption expenditures price index are predicted to increase by 0.1% in June for the second time in …