Market Update

Oil prices rose on Wednesday as tensions rose in the Middle East after hundreds were killed in a hospital explosion in Gaza, raising concerns about disruptions to oil supplies from the region. By 0225 GMT, Brent crude futures increased $2.07, or 2.3 percent, to $91.97 per barrel. US West Texas …

Official data showed on Wednesday that annual consumer price inflation in Britain settled at an 18-month low of 6.7 percent in September, contrary to economists’ expectations of a further deterioration. Financial markets expect the Bank of England to keep interest rates at 5.25 percent on November 2, after keeping them …

Crude oil prices were fluctuating due to geopolitical tensions, with WTI offers ranging between $86.00 a barrel and $86.50. Saudi Arabia and Russia are cutting 1.3m barrels per day (bpd) of production and reducing exports, pushing crude oil prices higher.OPEC member countries are also cutting back on oil production, threatening …

US equities dipped and Treasury yields soared on Tuesday as strong economic data and strong third-quarter earnings suggested that the Federal Reserve will continue to tighten policy for an extended period of time.All three major US indices were slightly lower at the end of trading, with interest-rate-sensitive MegaCap shares taking …

In the Asian session, Chinese economic data including GDP figures will be the main focus, while RBA Bullock will be speaking at a panel discussion. At the same time, UK inflation data will be released during European trading hours.Economic DataIn the US, another round of positive economic data was released, …

Treasury yields soared after robust retail sales data caused traders to reassess their views on the length of the Federal Reserve’s tightening cycle.The benchmark 10-year note was last down 34/32, yielding 4.851% (versus 4.71% on Monday), while the 30-year bond was last down 42/32, yielding 3.9579% (versus 3.866% on Monday).The …

Despite encouraging economic activity data, the US Dollar has retreated from its daily highs. The dollar has been weakened by a supportive market environment and a risk-on flow. The US Treasury yields are close to their highest levels in two weeks, limiting the potential downside. The Federal Reserve has raised …

The EUR/USD pair is on track for a higher opening on Tuesday as risk appetite returns to the markets after a brief respite. Investor sentiment is on the rise following a positive surprise in US Retail Sales, prompting the USD to take a breather. The pair is pushing higher amid …

US Federal Reserve Chairman Jerome Powell is scheduled to make his final public appearance before the Fed’s policy-setting committee on Thursday. The speech is scheduled to take place before the committee’s October 31-November 1 policy meeting.Powell’s speech is expected to focus on the recent rapid increases in bond yields, which …

Gold prices have seen an upward trend as US Retail Sales data showed a 0.7% increase in September, surpassing the expected 0.3% increase. This comes amid rising Middle-East tensions and the upcoming speech from Fed Chair Jerome Powell, who is expected to provide significant guidance on interest rates. Gold is …