Market Update

Ahead of important data on Wednesday, the GBP/USD bulls are active in the market. Data on UK inflation will be released and may support the BoE’s hawkish stance. The GBP/USD currency pair has so far moved from a low of 1.2366 to a high of 1.2449, rising by 0.41% on …

Under 0.9000, the USD/CHF pair encounters resistance, and it declines for the first time in three days. After two consecutive days of advances, the pair has dropped, down 0.17%, after reaching a weekly high of 0.8996. Prior to the closing of Wall Street, the USD/CHF is trading at 0.8969 at …

Due to declining US Treasury bond yields and general weakness in the US dollar (USD), the EUR/USD ends a two-day losing streak and rises and falls towards the 1.0950 level. Thus, after reaching a low of 1.0920, the EUR/USD is currently trading at 1.0961.As US Treasury bond yields decreased, the …

The price of bitcoin is starting to show signs resembling a market top, which indicates that selling pressure may be increasing. Stablecoin interest appears to be at a low level given that whales have not shown any movement in that direction despite an increase in social mentions. At the time …

Tiff Macklem, the governor of the Bank of Canada, stated in her opening remarks before the House of Commons Standing Committee on Finance that the central bank has examined the necessity for rates to be higher for a longer period of time in order to bring inflation back to the …

Prices for WTI extended last US session’s drop near $80.00 though crude oil received some initial support from encouraging Chinese data. The API’s weekly report on inventory is awaited at the moment. On Tuesday, renewed selling pressure pushes the price of a barrel of American benchmark sweet light crude oil …

Inflation in Canada, as measured by the Consumer Price Index (CPI), decreased to 4.3% on an annual basis in March from 5.2% in February, Statistics Canada announced on Tuesday. This reading came in line with the market forecast. On a monthly basis, the CPI grew by 0.5% as projected. Additionally, …

Johnson & Johnson delivered stronger-than-expected Q1 earnings that prompted the healthcare giant to boost its full-year guidance. JNJ reported a Q1 EPS of $2.68 on revenue of $24.7 billion to top the average analyst estimate for EPS of $2.50 on revenue of $23.61B. Sales rose 5.6% year-over-year with pharma revenue …

European stocks rose on Tuesday as investors awaited more US bank earnings reports to gauge the health of the sector, and a stronger-than-expected economic recovery in China boosted sentiment. The pan-European STOXX 600 rose 0.2 percent after starting the week retreating from its highest level in a year, ending a …

Japan’s Nikkei rose for the eighth straight session on Tuesday, supported by gains made by banks on positive US data, and a weaker yen boosted exporters. The Nikkei index rose 0.51% to close at 28,658.83 points, close to its highest level so far this year, in the longest streak of …