Market Update

Oil prices rose on Thursday after China’s central bank sought to rein in mounting pessimism about the country’s real estate market and broader economy. Prices fell in the previous session, fueled by concerns about the impact of fuel demand on a major crisis in the real estate sector that impedes …

Morgan Stanley has joined a group of major banks and brokerages in lowering forecasts for China’s economic growth for this year after a series of disappointing data and concerns about the ailing real estate sector there. According to a note issued by the bank on Wednesday, it now expects China’s …

Japan’s Nikkei index closed just above its lowest level in 2-1/2 months on Thursday, as worries about a stalled economic recovery in China and prospects of a US interest rate hike affected investor sentiment in Asia. The Nikkei index fell nearly 1.5 percent to 31,309.68 points, the lowest level since …

European stocks fell on Thursday, pressured by a drop in BAE Systems after it agreed to buy the aerospace unit of Bull Corp, while minutes from the Federal Reserve’s July meeting weighed on sentiment as they raised concerns about interest rates staying higher for longer. By 0713 GMT, the pan-European …

Gold prices touched a five-month low on Thursday as the dollar and US Treasury yields gained momentum after recent strong economic data boosted expectations that the Federal Reserve will continue to tighten monetary policy. The price of gold in the spot market was $ 1891.70 an ounce by 0141 GMT, …

Oil prices fell in early trading on Thursday, continuing to decline for the fourth consecutive session, amid fears that slowing growth in China and a possible hike in interest rates in the United States will lead to a decline in fuel demand in the two largest economies in the world. …

With surging Treasury yields and risk aversion, the US dollar keeps getting stronger. Nearing 103.50, the DXY index climbed to its highest point since June and extended its winning streak to five days. The momentum of the dollar is still strong notwithstanding this rebound.According to the FOMC minutes, several members …

Following the FOMC minutes, the USD/JPY is getting close to being overbought. The USD/JPY pair is currently trading at 146.32, not far from 146.30. The pair has gained more than 0.5% so far today. The minutes of the July FOMC Meeting show that US monetary policymakers want to leave the …

XAU/USD reacts with a sharp drop, testing the S1 daily pivot point, while US Treasury yields and the greenback see upward movement. Fed officials unanimously aim to achieve the 2% inflation target, but divisions emerge on the path forward.Gold price struggles after the latest Federal Reserve’s meeting minutes showed board …

Federal Reserve released the minutes from its July 25-26 meeting. The minutes showed most fed officials saw a “significant” upside risk to inflation. US Dollar rises modestly after the minutes. The US Dollar rose modestly after the minutes, reaching fresh highs against the EUR, AUD, NZD, CAD, and JPY. The …