Market Update

On Tuesday, US stocks dipped and benchmark Treasury yields edged lower due to few market moving catalysts. All three major US stock indexes were lower, with the tech-laden Nasdaq down the most as investors await Nvidia Corp’s results after the closing bell. The S&P 500 and the Nasdaq appeared set …

Gold Index (XAU/USD) rose by 1.40% in Tuesday’s trading session, breaking through the $2,000 barrier and rising by 1.40%. This was primarily driven by the downdraft in US yields and a weak US dollar. The FOMC November minutes will be released later in the session, where investors will look for …

During his most recent press statements and remarks, Federal Reserve Chair Jerome Powell used the word “careful” to characterise the U.S. central bank’s attempt to strike a balance between tightening credit conditions and the Fed’s belief that the economy was about to slow down, and the risks of still-high inflation …

The yen rose against the dollar for a fourth straight session on Tuesday, with investors anticipating the possibility that the Bank of Japan will tighten monetary policy next year while the Federal Reserve will ease it. The dollar reached its lowest level since mid-September at 147.16 yen, and recorded in …

European stocks recorded limited movement on Tuesday amid a decline in the financial sector that offset gains in mining stocks, while investors continue to search for evidence to support expectations that major central banks have finished raising interest rates. The European STOXX 600 index rose 0.1 percent by 0810 GMT. …

Japan’s Nikkei closed slightly lower on Tuesday as the yen’s rise against the dollar led to selling in automakers’ stocks. The Nikkei fell 0.1 percent to 33,354.14 after opening 0.2 percent higher and trading slightly higher during the session. The broader Topix index fell 0.2 percent to 2,367.79 points. The …

The dollar faced pressure on Tuesday and was trading at multi-month lows against the euro and other major currencies at a time when investors expect US interest rates to fall next year and see this as a signal to sell the dollar as a hedge. Movements were modest in early …

The US Dollar Index dropped further and fell to 103.45, reaching its lowest level since late August. Risk appetite and lower Treasury yields weighed on the dollar.In the short term, the US dollar remains vulnerable even though the US economy is growing while the Eurozone and other economies are nearing …

Profiting from the declining value of the US dollar, the EUR/USD pair keeps rising, currently trading at 1.0942. One major factor supporting the strength of the Euro and weakening the dollar is the decline in US Treasury bond yields.The likelihood of a rate cut by the Federal Reserve supports the …

WTI crude oil has risen over 2% and is currently trading at $77.53, after hitting a daily low of $75.49. Oil prices are influenced by the weak dollar and geopolitical tensions. The Organization of Petroleum Exporting Countries and its allies (OPEC+) are considering additional supply cuts when the cartel meets …