Market Update

Gold prices fell on Monday, affected by the rise of the dollar, and with investors anticipating US inflation data on Tuesday, which may affect the Federal Reserve’s plans for the future of interest rates. Spot gold fell 0.1% to $1,863.38 an ounce by 0653 GMT, while US gold futures rose …

The dollar rose near a five-week high against the other major currencies on Monday, as investors increased their bets that the Federal Reserve will continue to tighten monetary policy for a longer period while they await the US consumer price report due on Tuesday. The yen fell amid expectations that …

Oil prices fell on Monday after rising 2% in the regular session with shareholders regarding the impact of supply on the rise and rise again. Production prices rose in March by 500,000 barrels per day, or about five percent of production, production, production, production Brent crude futures were up 69 …

Financial markets ended the trading week with cautious optimism following apparent uncertainty and concerns about the US central bank’s next moves regarding interest rate hikes and the Fed’s monetary policy. Oil prices rose more than 2% on Friday and posted weekly gains of over 8%, as Russia announced plans to …

Oil prices rose more than 2% on Friday and posted weekly gains of over 8%, as Russia announced plans to reduce oil production next month after the West imposed price caps on the country’s crude and fuel.Brent crude futures rose to settle at $1.89, or 2.2%, to $86.39 a barrel. …

The United States awaits January’s Consumer Price Index next Tuesday. Eurozone’s GDP could be crucial for the Euro. The EUR/USD pair fell for a second consecutive week, further retreating from the 1.1000 region to settle around the 1.0700 figure. At the time of writing, the pair is trading at 1.0676; …

Oil prices rose more than 2% on Friday and posted weekly gains of over 8%, as Russia announced plans to reduce oil production next month after the West imposed price caps on the country’s crude and fuel.Brent crude futures rose to settle at $1.89, or 2.2%, to $86.39 a barrel. …

Wall Street brokerage Cantor Fitzgerald has been supervising Tether Holdings’ $39B Treasury bond portfolio according to the Wall Street Journal. Hong Kong-based Tether is the issuer of stablecoin tether (USDT-USD), the world’s most traded digital token with a market cap of $68.2B.The news followed Tether’s attestation report Thursday showing its …

The S&P 500 wavered between gains and losses on Friday as Wall Street looked to the end of what is shaping up to be a losing week. The broad index was little changed, while the Nasdaq Composite slipped about 0.8%. The Dow Jones Industrial Average added 135 points, or 0.4%.Each …

The US Dollar is expected to finish this trading week with solid gains due to Fed’s hawkish comments as well as the latest US data.US Consumer Sentiment improved according to the University of Michigan. The UK avoided a recession in Q4 2022, though its forward economic outlook suggests a weaker …