Market Update

In the US trading session on Tuesday, the USD/CAD pair was able to surpass the 1.3500 mark. The pair is trading at 1.3520, up +0.49 at the time of writing. The US Dollar Index dominates the broader market, making it difficult for the oil-backed Canadian currency to gain momentum.The second …

On the background of accelerating interest rate bets and amid skyrocketing Treasury yields, as well as the Federal Reserve’s conviction that interest rates will stay high for a considerable amount of time, gold prices have declined around $1900. At the time of writing, the precious metal is trading at $1899.90 …

Stocks and equities worldwide were lower on Tuesday due to US 10-year Treasury yields staying close to 2007 highs, while fears of higher interest rates ate into appetites for riskier assets. The dollar index eased from a 10-month high but was still rising, and the Japanese yen bounced from an …

The price of oil has increased by more than 25% so far this quarter. Analysts predict that Brent will surpass $100 in the near future. They do not think it will be sustainable, though. The last time Brent was seen trading above $92 a barrel.Although the oil price surge is …

The yen fell on Friday after the Bank of Japan maintained its ultra-loose monetary policy, while the dollar remained near its highest level in six months on expectations that interest rates will remain high for a longer period in the United States. The yen declines after the Bank of Japan …

The Turkish lira fell to a record low of more than 27.236 against the US dollar on Tuesday due to inflationary pressures and the rise of the dollar, bringing its losses on an annual basis to more than 31%. President Recep Tayyip Erdogan’s support for a low interest rate policy …

European stocks continued to decline on Tuesday as high bond yields pressured the interest-rate-sensitive technology sector, while stocks exposed to China continued to weaken due to fears of a slowdown in the world’s second-largest economy. The European STOXX 600 index fell 0.7 percent by 0710 GMT, with the benchmark ten-year …

Oil prices fell in early trading on Tuesday amid concerns that fuel demand will be affected by major central banks keeping interest rates high for longer, even as supply is expected to tighten. Brent crude futures fell 87 cents to $92.42 a barrel by 0630 GMT, while US West Texas …

Japan’s Nikkei closed down more than 1 percent on Tuesday, dragged down by a decline in chip-related heavyweights, but losses were limited as investors bought value stocks for the right to dividends. The Nikkei index closed down 1.11 percent at 32,315.05 points. Treasury bond yields continued to rise, reaching their …

Metals retreated during the US session, with gold falling below $1,920 and moving closer to the $1,915 support region. At monthly highs, the US Dollar Index is just beyond the 106.00 range. On Tuesday, there are no economic events scheduled for the Asian or European sessions. The US will release …