Market Update

Bitcoin saw a significant drop on Tuesday, falling to as low as $115,222, after a series of cryptocurrency-related bills, prominently championed by President Donald Trump, hit an unexpected roadblock in the House of Representatives. The digital currency’s price was last reported around $116,443, marking a nearly 4% decline from its …

On Tuesday, July 15, U.S. President Donald Trump unleashed a remarkable array of trade moves, tariff threats, and economic demands, shaking up global markets. From securing a massive trade deal with Indonesia to pushing for access to India’s vast market, Trump kept the world on edge. He also issued a …

The British Pound is gaining ground against the Japanese Yen, with GBP/JPY hovering near 199.30 on Tuesday, buoyed by diverging central bank policies and Yen weakness. As markets brace for UK inflation data and looming US-Japan trade talks, the pair faces a critical test—can it push past key levels or …

Equity markets experienced mixed performance as key economic indicators and significant policy developments influenced investor sentiment. The Consumer Price Index (CPI) indicated accelerating inflation in June, major banks commenced earnings season with varied results, and a notable shift in trade policy regarding artificial intelligence (AI) chips emerged, prominently featuring Nvidia. …

Crude oil prices are easing today, with markets shrugging off tariff tensions and focusing on steady supply shifts. WTI Light Crude Oil dips 0.17% to $65.505, while Brent Crude falls 0.49% to $68.71. As global demand wavers and production holds firm, the energy sector faces a pivotal moment—can prices stabilize …

The U.S. banking sector kicked off its second-quarter earnings season with a killer start, as major players like JPMorgan Chase, Citigroup, Wells Fargo, and Bank of New York Mellon unveiled results that had investors buzzing. Despite economic turbulence from President Donald Trump’s tariff policies and volatile markets, these financial giants …

The US Dollar is on a tear, with the Dollar Index (DXY) climbing above 98.70 — its strongest level in weeks — as fresh inflation data from June casts doubt on imminent interest rate cuts by the Federal Reserve. The Consumer Price Index (CPI) report revealed a sharper-than-expected rise in …

Canada’s Consumer Price Index (CPI) climbed to 1.9% year-over-year in June, up from 1.7% in May, according to Statistics Canada’s Tuesday release. The uptick fell short of economists’ expectations of a 2% rise, but core inflation measures remained elevated, signaling persistent price pressures and reducing the likelihood of a Bank …

The EUR/JPY pair climbed to a fresh yearly peak, holding above 173.00 during Tuesday’s American trading session, a level not seen since July 12, 2024. The Euro extended gains against the Japanese Yen for the third straight session, driven by persistent Yen weakness fueled by wide interest rate differentials, import-driven …

Wells Fargo reported strong second-quarter earnings, surpassing analysts’ profit estimates, but cut its 2025 net interest income (NII) guidance, leading to a 3% drop in shares in pre-market trading. Key Highlights: Net Income: Wells Fargo posted $5.49 billion ($1.60 per share), up from $4.91 billion ($1.33 per share) a year …