Market Update

The USD/JPY pair has surged due to the Bank of Japan’s dovish stance, breaking away from the 140.00 range during the Asian session. The uptrend could continue based on interest rate differentials, but next week’s Fed and BoJ decisions are expected to impact the market.The pair’s rally was driven by …

Russian President Vladimir Putin launched the first line of the Arctic LNG2 project in Murmansk, the first phase of a giant Arctic liquefied natural gas (LNG) project in which the French group Total Energy was a party before its withdrawal in 2022. The value of the project is estimated at …

Gold prices continued to gain for the third week in a row, Friday, July 21, supported by hopes that the US Federal Reserve will stop raising interest rates after its meeting this month. And by 06:15 GMT, gold in instant transactions increased 0.1% to $ 1970.69 an ounce, up 0.7% …

European stocks fell at the open on Thursday, as investors assessed mixed business results announced by companies in the region, and disappointing financial results from two US giants, Netflix and Tesla, weighed on sentiment. The pan-European STOXX 600 index was down 0.2 percent by 0705 GMT. Frankfurt-listed shares of Netflix …

The Japanese Nikkei index ended lower on Friday, affected by the acceleration of declines in stocks related to chips, which are tracking their counterparts in the United States. Semiconductor giants Tokyo Electron and Advantest fell 5.6 percent and 5.8 percent, respectively, wiping nearly 200 points from the Nikkei index. The …

The dollar rose on Friday as data indicated a resilient US labor market could prompt the Federal Reserve to keep interest rates higher for longer, while the yen strengthened after core consumer inflation in Japan accelerated again in June. Next week, central bank meetings will be held in Europe, Japan …

Brent crude prices rose in Asian trading on Friday, amid market assessments of the possibility of announcing economic stimulus measures in China after weak economic data, as well as falling inventories in the United States and reducing supplies from two major producers. Brent crude futures rose 63 cents to $80.27 …

Market Drivers – US Session – July 20 Due to lower-than-expected profits and data that could justify further Federal Reserve rate hikes, US stocks slightly declined on Thursday. The Dow Jones managed to close with a 0.45% gain while the Nasdaq lost over 2% of its value. The DXY increased …

EUR/USD has dropped to its lowest level in two months, with the pair trading around 1.1130 after a three-day losing streak against the strong US Dollar. The US Jobless Claims data and downbeat tech sector performance have favored Treasury yields, boosting the US dollar. The Philadelphia Fed Manufacturing Survey gauge …

Tesla and Netflix’s spring profits have delayed Wall Street’s advance after the two tech-focused businesses who announced their spring profits. Despite better-than-expected profit and revenue, Tesla’s stock fell 9.7%, and analysts think that investors may be worried about the electric vehicle manufacturer’s profitability following price cuts. The summertime shutdown of …