Market Update

The American benchmark crude oil, WTI recovers, trading at $69.44 per barrel following the US inflation report.China’s rate cut sparks an increase in WTI price due to a potential surge in oil demand. Saudi Arabia’s proposed crude output cut is expected to tighten the global market in July. The US …

The AUD/USD pair gains 0.55%, trading at 0.6787 despite the US CPI data release. Fed is likely to delay rate hike as inflation cools down. Futures suggest hike likelihood at 58.2% next month. Despite the ongoing RBA tightening cycle, AUD boosted by marginal gain in Consumer Confidence. The AUD/USD pair …

Gold is trading at $1945.45 at the time of writing, it is down by 0.60% at the time of writing as the stage is set for the major central banks in the world, particularly the Fed in the United States and the ECB in Europe.Economists and strategists point out how …

US 10-year Treasury yields surged on Tuesday, reversing initial declines after economic data pointed to a slowing pace of rising inflation as investors now braced for the Federal Reserve’s policy announcement on Wednesday.The consumer price index (CPI) showed an annual increase in prices of 4% in May, slowing from a …

Wage growth in the United Kingdom accelerated and employment increased in the three months to April, heightening predictions that the Bank of England will hike interest rates again, maybe multiple times, to combat persistent inflationary pressures. On Tuesday, data from the Office for National Statistics (ONS) showed that the employment …

European stocks opened higher on Tuesday, supported by gains in technology stocks amid growing optimism that the Federal Reserve will not raise interest rates during its monetary policy meeting. The pan-European STOXX 600 was up 0.5% by 0715 GMT, with the interest rate-sensitive technology sector index up 1.5%. Investors are …

Japan’s Nikkei index rose on Tuesday to close above 30,000 points for the first time in 33 years, supported by technology stocks amid expectations of an influx of investment into chipmakers. The index continued its rise for the third consecutive session, increasing 1.8 percent to 33,018.65 points, surpassing the important …

The dollar fell on Tuesday, but is trading in a narrow range, as investors remain cautious ahead of inflation data due in the United States later in the day, coinciding with the start of the Federal Reserve’s two-day monetary policy meeting. The Consumer Price Index report issued by the US …

The US Bureau of Labour Statistics is expected to release the most important inflation measure, the US Consumer Price Index (CPI) figures, on Tuesday, June 13 at 13:30 GMT. The forecasts by the economists and researchers of 10 major banks regarding the upcoming United States inflation reading give insight about …

US equities opened the trading week with positive performance ahead of key US economic data and monetary policy events. Markets cheered the possibility of the Fed’s ending its rate hike cycle. Incoming economic data will be crucial, with the CPI reading, in particular.The Dow Jones gained 0.56% and the Nasdaq …