Market Update

On Wednesday, the US dollar reached a level not seen in almost a month as the DXY Index surged by 0.30%. The US dollar is supported by cautious market sentiment ahead of the Federal Reserve’s policy decision, even in the face of weak US economic data and declining US bond …

Weak US economic data has caused the Pound Sterling to rise vertically, increasing market risk appetite. Investors are still awaiting significant monetary policy announcements from the Bank of England and the US Fed, though. The GBP/USD exchange rate is still tense because investors believe the BoE will maintain current interest …

After a few days of relatively low volatility, the price of the most famous cryptocurrency has headed north once again, surpassing the coveted level of $35,000, before plunging down below it almost immediately. Bitcoin is trading at $34243 at the time of writing. Somewhat expected, the move resulted in millions …

ISM Manufacturing PMI worsened unexpectedly to 46.7 in October. The US Dollar Index is trimming its gains, retreating from 107.00.The US Dollar Index pulled back modestly after the ISM and the JOLTS report, retreating from 107.00 to 106.85. It was still up for the day. Now attention is set on …

The US Bureau of Labor Statistics (BLS) has reported a total of 9.55 million job openings on the last business day of September, exceeding market expectations of 9.25 million. This figure, slightly higher than the revised August number of 9.49 million (initially reported as 9.61 million), was highlighted in the …

According to data released by Automatic Data Processing (ADP) on Wednesday, private sector employment in the US saw a modest increase of 113,000 jobs in October. This figure, although below market expectations of 150,000, marks a slight improvement from the 89,000 jobs added in September. Analyzing the survey results, Nela …

The Bank of England’s upcoming meeting in November appears to be one of the most predictable ones in recent memory, despite the famous saying about the unpredictability of events. Since the current tightening cycle began in late 2021, the decisions have often been closely contested. In the last meeting held …

Thomson Reuters on Wednesday reported higher revenues and operating profits in the third quarter of this year, supported by gains in its three largest divisions – legal and corporate services and tax and accounting professionals. The provider of information and tools for lawyers, accountants and other professionals announced adjusted earnings …

On Wednesday, November 1, Toyota Motor Company made a significant announcement, revealing a remarkable surge in profits during the second quarter. This impressive growth, more than doubling their previous figures, was attributed to a weaker yen and robust sales, prompting the company to revise its full-year expectations upward by an …

European stocks rose to their highest level in nearly two weeks on Wednesday, supported by health care stocks, as investors awaited a widely expected decision from the Federal Reserve to keep interest rates unchanged later on Wednesday. The European STOXX 600 index rose 0.1 percent by 0825 GMT, heading for …