Market Update

The US dollar is grinding towards achieving weekly gains in all markets. The EUR/USD pair is impacted by higher US yields and gloomier mood. The couple’s week is at its lowest point since September 2022.For the fourth time in the previous five days, the EUR/USD is declining on Friday, adding …

On Friday, Bitcoin slides down $26,376 getting closer to reaching two-month lows as a result of worries that a “head-and-shoulders” pattern would favour the bears. Despite favourable macroeconomic conditions for risk assets, Bitcoin was unable to take advantage of the gains that may have been made amid declining liquidity.Thus, on …

Gold prices are set to decline for the third consecutive session on Friday, affected by rising bond yields and the dollar, but the yellow metal remained above the key level of $2,000 amid expectations of a rate cut at the end of the year. And by 1001 GMT, spot gold …

US equities are expected to begin higher Friday on rising hope that the Federal Reserve would stop its monetary tightening drive, however concerns about a future recession, as well as the debt ceiling and the banking sector, persist. The Dow Futures contract was up 145 points, or 0.4%, at 11:00 …

European stock markets rose on Friday as investors digested conflicting economic statistics from the United Kingdom as well as additional quarterly corporate reports. At 08:15 GMT, the DAX index in Germany was 0.4% higher, the FTSE 100 in the United Kingdom was 0.3% higher, and the CAC 40 in France …

US Treasury Secretary Janet Yellen said there was still uncertainty about when the cash needed to repay the government’s debt would run out, but she would keep Congress informed of any change in the date, which could be around June 1. Yellen told Bloomberg Television that she will meet with …

The dollar remained close to a peak of more than a week on Friday after a slew of data released overnight indicated a slowdown in the US economy, as investors bet the Federal Reserve would halt interest rate increases. The dollar index, which measures the performance of the US currency …

Gold prices fell on Friday as the dollar rose, but continued economic concerns and a standoff over the US debt ceiling capped losses for the yellow metal. By 0301 GMT, spot gold fell 0.3 percent to $2,010.29 an ounce, down 0.3 percent for the week. US gold futures fell 0.3 …

Oil prices fell on Friday, on track for their fourth weekly decline, as economic concerns in the United States and China renewed concerns about fuel demand growth in the world’s two largest oil consumers. And by 0510 GMT, Brent crude futures fell 37 cents, or 0.49 percent, to $ 74.61 …

A White House official announced on Thursday that a meeting on the debt limit between US President Joe Biden and key lawmakers, which was originally set for Friday, has been postponed. To discuss lifting the debt ceiling, Biden’s advisers met on Wednesday and Thursday with Republican House Speaker Kevin McCarthy, …