Market Update

The US dollar has restored the 112.014 level after it had declined from 1.0145 to find support at 0.9965. The dollar is also consolidating in the calm US market session.The US dollar has been trading sideways against the Swiss Franc on Monday. The pair has remained moving roughly between 0.6965 …

Gold prices finished Monday with a shy loss, following a wild soaring in the final session of last week that saw prices for the precious metal briefly dip to fresh lows. Gold was not stable to begin the week, as the bears have been able to pull the rope to …

Oil prices are trimming their losses after bouncing up from the $82.55 level. There are concerns about the Chinese zero-COVID policy. Such concerns do hurt crude oil.The lower US oil reserves have avoided a further decline in prices. WTI futures have picked up following the negative market opening on Monday. …

Who is Rishi Sunak? What does it mean that he became UK new prime minister? Rishi Sunak is now the new leader of the UK’s Conservative Party, the Torys. He is Britain’s next prime minister after both the leading candidates considered his rivals in the race to replace Liz Truss …

The USD/CAD pair trims some of last Friday’s losses, so it is up by 0.46% on Monday. Worse-than-expected US economic data and a risk-off mood in are among factors that significantly boosted the US Dollar.The USD/CAD marches firmly amid a risk aversion due to S&P Global PMIs hinting that global …

The dollar rallied on Monday, and seems to ignore the suspected Japanese intervention. The American currency, instead, is sending China’s offshore yuan to record lows, while the British pound hesitated as Britain’s Conservative party raced to choose its third leader this year, eventually Rishi Sunak won both leadership of the …

Sir Graham Brady, chair of the 1922 Committee, announced on Monday that Rishi Sunak is elected as leader of the Conservative Party and new prime minister following Penny Mordaunt’s decision to drop out of the contest. Sunak will reportedly deliver a private speech to Tory MPs at 1430 GMT.

Gold prices fell on Monday (October 24th) as the dollar rose as investors sought to clarify whether the US Federal Reserve would ease monetary policy. And the price of gold in spot transactions fell 0.4% to $ 1650.77 an ounce by 0754 GMT, while US gold futures fell 0.1% to …

Oil prices fell 2 percent on Monday after Chinese data showed that demand from the world’s largest importer of crude remained weak in September, as strict anti-Covid-19 policies and restrictions on fuel exports reduced consumption. Brent crude futures fell $1.67, or 1.8 percent, to $91.83 a barrel by 0855 GMT, …

European shares jumped on Monday, boosted by hopes the Federal Reserve will slow the pace of interest rate hikes, as investors braced for a busy week that includes an important European Central Bank interest rate decision. The pan-European STOXX 600 index rose 1.3 percent by 0708 GMT, with the travel, …