Market Update

US growth data comes in below expectations. US Dolla rises across the board boosted by US yields.AUD/USD up marginally, off highs after losing ground for four days in a row.The AUD/USD is rising marginally on Thursday after it trimmed gains on the back of US economic data. The pair peaked …

Pending Home Sales in the US fell sharply in March. US Dollar Index holds in positive territory above 101.50.Pending Home Sales in the US declined by 5.2% on a monthly basis in March, the data published by the National Association of Realtors showed on Thursday. This reading followed February’s no-change …

The major Wall Street indexes started the day higher on Thursday after Meta Platforms, Eli Lilly, and Comcast reported results that were better than expected, outweighing statistics that indicated the U.S. economy slowed down more than predicted in the first quarter. At the start of trading, the Dow Jones Industrial …

According to preliminary figures released by the Commerce Department on Thursday, the United States’ economic growth slowed down more than was anticipated in the first quarter. The largest economy in the world saw real gross domestic product growth decelerate from 2.6% in the final three months of 2022 to 1.1% …

Oil prices stabilized on Thursday, after Wednesday’s decline reflected the supportive impact of a sudden production cut by the Organization of the Petroleum Exporting Countries this month. By 1033 GMT, Brent crude was trading at $77.72 a barrel, up three cents, or 0.04 percent. US West Texas Intermediate crude also …

Gold prices rose on Thursday as the dollar weakened as investors prepared for a batch of US economic data to be released ahead of next week’s Federal Reserve (Central Bank) monetary policy meeting. By 0230 GMT, spot gold rose 0.4 percent to $1996.50 an ounce, while US gold futures rose …

Most Japanese stocks rose on Thursday, led by manufacturing companies, on profit optimism, while concerns about the banking sector weighed on financial companies. The Nikkei index rose 0.15 percent to close at 28,457.68 points, recovering from a drop of 0.6 percent at the beginning of the session. The broader Topix …

European stocks fell on Thursday despite positive earnings from a group of companies, as turmoil over First Republic Bank continues to worry investors about the global banking sector. The pan-European Stoxx 600 index was down 0.1% by 0720 GMT, as media stocks fell 1.6%. Shares in Universal Music Group fell …

Oil prices rose on Thursday, recouping earlier losses fueled by fears of a recession in the US and increased Russian oil exports offsetting the impact of OPEC production cuts. By 0039 GMT, Brent crude was trading at $78.04 a barrel, up 35 cents, or 0.45 percent. US West Texas Intermediate …

The ANZ Business Outlook survey is due during the Asian session in New Zealand, and it will be followed by Australia’s Import and Export Price Index. Prior to central bank meetings, markets are awaiting crucial economic data from the US and Eurozone. On Thursday, Wall Street declined once more due …