Market Update

The US Dollar Index closed over 103.15, marking its highest daily close in almost a month. It did, however, finish well below the intraday high, indicating that it may consolidate over the coming hours.US Treasury yields continue to provide a significant support for the dollar. Both the 10-year yield and …

Following an optimistic note from Morgan Stanley, shares of chipmaker Nvidia rose, helping the S&P 500 and Nasdaq close higher. As investors awaited the earnings results from US retailers, this caused other Megacap growth stocks to increase. The information technology index increased thanks to Nvidia’s gain, making it the strongest …

The EUR/GBP pair has declined for a second consecutive day, falling towards 0.8605. The Eurozone’s preliminary Q2 GDP report is set to be released on Wednesday, and no relevant data releases will feature on Monday’s economic calendar. The Office for National Statistics will release key labour market data on Tuesday, …

Because of the US dollar’s strength and surging US Treasury bond yields, the price of gold has continued to perform worse. Because of higher rental prices, inflation increased steadily at a rate of 0.2% in July. In September, the Fed is anticipated to leave interest rates steady. The precious metal …

Economists and analysts of six big banks contributed their forecast regarding the impending UK inflation print. The UK will release the Consumer Price Index (CPI) data on Wednesday, August 16 at 06:00 GMT.Headline is predicted to be 6.8% year-over-year, down from the reading of 7.9% in June. If so, the …

As Moscow raised military spending and Western sanctions put pressure on its energy exports, the value of the Russian currency dropped to its lowest level since the early days of the Ukraine conflict. As a result, the Russian central bank announced that it will hold an emergency meeting to review …

The Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations showed on Monday that the US consumers’ one-year inflation expectation dropped to the lowest level since April 2021 at 3.5% in July from 3.8% in June.The US Dollar Index showed no immediate reaction to this report and was …

The Federal Open Market Committee (FOMC), according to Goldman Sachs, may begin reducing the funds rate in the second quarter of 2024. This estimate assumes that core Personal Consumption Expenditures (PCE) inflation will have fallen below 3% on a yearly basis and under 2.5% on a monthly basis. Even if …

Gold prices fell on Monday, August 14, to their lowest level in more than five weeks, after the dollar and bond yields rose, ahead of the upcoming publication this week of the minutes of the US Federal Council meeting for the month of July, which may provide indications that will …

European stocks opened lower on Monday, led by losses from miners with exposure to China on concerns about its ailing real estate sector, and energy stocks fell on lower oil prices. And by 0703 GMT, the European Stoxx 600 index fell 0.1 percent, extending losses from the previous session. Shares …