Market Update

The US Dollar holds firm against its major rivals early Tuesday. The US Dollar Index clings to modest daily gains near 101.50. US data highlighted a further improvement in consumer sentiment in July.The US Dollar gains traction on Tuesday, with the USD index touching its highest level since July 12 …

European stocks settled near their highest levels in five weeks today, Tuesday, and shares of mining and luxury goods companies led the gainers, after China pledged more support for its slowing economy, but the mixed results of the companies’ business limited the gains. The European Stoxx 600 index was little …

The Chinese yuan rose on Tuesday after the country’s top leaders pledged to boost political support for the reeling economy, while the euro and the pound sterling stabilized after falling for days as investors awaited meetings of major central banks. The yuan rose more than 0.5 percent in the onshore …

The Japanese Nikkei index closed lower on Tuesday, with heavy technology stocks leading the losers, as risk appetite was affected by caution ahead of interest rate decisions from major global central banks, including the Bank of Japan. The Nikkei fell 0.06 percent to close at 32,682.51 points, after a decline …

The price of bitcoin fell sharply and suddenly during the first trading sessions of the week, coinciding with awaiting the decision of the monetary policy meeting of the Federal Reserve (the Central Bank of America), as well as absorbing concerns about Binance, while the launch of a new cryptocurrency was …

Oil prices rose on Tuesday, extending the gains made in the previous session, as signs of declining supplies and the Chinese authorities’ pledge to support the world’s second largest economy lifted sentiment. Brent crude futures rose seven cents to $82.81 a barrel at 00:07 GMT, while US West Texas Intermediate …

The USD/CAD pair dropped to 1.3170 as the bulls failed to reconquer the 20-day SMA. Global supply concerns are boosting Oil prices, favouring the Canadian dollar.The USD continued to recover following mixed PMIs. On Monday, the USD/CAD declined towards 1.3170 despite the USD trading strong against most of its rivals. …

Dow Jones Industrial Average led Wall Street higher on Monday, notching its longest winning streak in six years. Investors are broadening the market’s breadth, with people starting to take profits in tech and invest in other parts of the markets. The tech-heavy Nasdaq Composite Index has rallied 34.3% this year, …

The 10-year US Treasury yields ended Monday’s trading in a bullish direction, based on the rising US dollar, which is benefiting from rising interest rate expectations at the Fed’s policy meeting this week.US Treasury yields for ten years have surged to 3.875%, compared to the previous daily close of 3.841%. …

The GBP/USD has slid for the seventh day. The Sterling has been impacted by weak UK PMIs and the overall gloomy UK economic future perspective. The UK PMI shows the largest month-on-month drop in 11 months, signaling a potential weakening of post-pandemic spending. The Sterling is even seen as heading …