Market Update

European stocks rose in early trading on Tuesday, with technology stocks leading the gainers, with the rise of chip makers, supported by the rise of their counterparts on the Wall Street Stock Exchange on Monday night, amid anticipation of the announcement of the results of NVIDIA. The pan-European STOXX 600 …

Japan’s Nikkei share average closed higher for the second straight session on Tuesday, with banking stocks surging on a jump in bond yields and chip-related stocks trailing their Wall Street peers. The Nikkei index rose 0.92 percent to close at 31,856.71 points. Among the 225 stocks on the index, 185 …

Oil prices fell on Tuesday as the market waited to see if Iraqi exports through the Turkish port of Ceyhan would resume, which could ease supply tightness caused by OPEC+ cuts, while China’s ailing economy still overshadowed the global demand outlook. By 0241 GMT, Brent crude fell eight cents to …

Although a sparse macroeconomic calendar kept key pairs at known levels, the US dollar lost some gain on Monday. While government bond yields increased, reflecting the prevailing cautious approach, market sentiment remained negative. Investors’ concerns that global central bankers will continue their monetary tightening programmes to control inflation caused the …

After six straight days of losses, the EUR/USD is now trading near 1.0900. at the time of writing, the pair is seen at 1.0895. Upside inflation concerns were alluded to in the German Buba Monthly Report, which encouraged hawkish bets on the European Central Bank. Investors are looking forward to …

On Monday, the price of gold kept falling as the bond market turbulence persisted. The XAU/USD pair fell to its lowest point since March 14th, 1,880. Its decrease from this year’s peak is greater than 9.3%. At the time of writing, the precious metal is selling for $ 1894.69 per …

After recording its first weekly gain in five weeks, GBP/USD gradually increases. The opposition Labour Party in the UK projects the weakest growth among the G7 nations. Bullish triangle formation and an impending bull cross on the MACD tempt purchasers of cable.Bulls breached boundaries early on Tuesday in Asia, breaking …

Land sales and personal budget cuts are being greatly impacted by the real estate crisis in China, which has reduced retail sales, investment, exports, and industry output. After three years, the government’s “zero covid” initiatives have not generated the promised roar but rather a whimper. Two-thirds of personal wealth and …

Following China’s rate cut and the significant drive for greater lending, which indicate a deteriorating economy, WTI crude declined by 0.95 percent. Pessimism is increased by the significant 31% decline in Saudi Arabia’s oil shipments to China in July.The US rig count is falling, indicating a likely tightening of the …

The USD/JPY pair soared above 146.00, posting daily gains of more than 0.60%. Following the PBoC rate drop, the Yen is slipping. The pair is trading at 146.16 at the time of writing.On Thursday’s session, investors anticipate the annual Jackson Hole Symposium. The USD/JPY is up around 146.20 at the …