Market Update

Gold prices stabilized on Wednesday, recovering from early losses. This coincided with a decline in the dollar from its six-week high and investors awaiting the release of upcoming US economic data. In spot transactions, gold settled at $2,029.39 per ounce, while US gold futures rose 0.2 percent to $2,030.50. The …

Alpaslan Çakir, Chairman of the Turkish Banks Association, anticipates that the Turkish Central Bank will raise interest rates for the final time this week and commence a monetary easing cycle in the fourth quarter of this year. Cakir, in comments made on Tuesday but embargoed until Wednesday, stated, “Rising interest …

Japan’s Nikkei index experienced a decline as profit-taking persisted from the previous session, with traders interpreting the Bank of Japan’s recent meeting as an indication of a continued monetary easing policy. The Nikkei index dropped by 0.8% to 36,226 points, extending the decline from its recent peak of 36,984 points, …

Market analysts anticipate that the Bank of Canada will maintain its key overnight rate during its upcoming meeting on Wednesday. Despite this expectation, persistent inflationary pressures have prompted markets to revise their projections for the timing of the next interest rate cut, postponing the possibility of a reduction for the …

The US dollar’s additional strength in combination with higher yields across the curve and the intense risk aversion pushed the DXY Index to new yearly highs well north of 103.00. Next on tap in the US docket will be the preliminary Manufacturing and Services PMIs for the month of January.It …

The S&P 500 continued its historic run upward as investors looked to the day’s earnings stream for clues about the state of the economy and corporate America.The S&P 500 increased by almost 0.3% to close at 4,864.61, a record high. Tuesday saw another big move in the Nasdaq Composite, which …

In the middle of the North American session, the Pound Sterling was negatively impacted by the strong US Dollar and high US Treasury bond yields, which supported the US dollar. The GBP/USD pair declined by more than 0.40%.As corporations release their fourth-quarter earnings from the previous year, US markets are …

Procter & Gamble reported a 4.14% increase in sales volume for categories like hair care and family care in the latest quarter, with organic sales rising 4% in Q2 excluding currency fluctuations, acquisitions, and divestitures. The company’s shift to a combination of price-driven growth and volume-driven growth is now strengthening. …

Due to the persistent threat of a deflationary economic downturn and the concerns of the real estate market, foreign investors are seen withdrawing their cash from China, which has resulted in continued currency devaluation. The most recent steps Beijing has taken to address the problem pose a downside risk to …

The US Dollar is having an uptrend, with the index currently trading up to the 103.70 level. This comes in anticipation of upcoming key inflation data and the impact of rising yield as markets reduced their dovish bets on the Fed. The US economy is thriving as traders await key …