Market Update

The EUR/USD continues to move sideways around the parity level ahead of next week’s FOMC meeting. The risks on the EUR/USD are tilted to the downside and they warn it could drop to 0.95.The insecurely position of growth in the Eurozone in the coming months may mean that higher short-term …

Gold and silver prices were lower in early U.S. trading Thursday, with gold falling to a seven-week low hitting $1667 per ounce versus Wednesday’s closing price at $1696.79. The soaring US dollar index along with rising Treasury yields and some hotter US inflation data, have all combined to keep gold …

In his speech at the annual international conference of the Center for Research on Regulation and Supervision of the Financial Sector (CIRSF) on Thursday, European Central Bank Deputy Governor Luis de Guindos said that there are significant threats facing the future of the European Union’s financial system, which have made …

There were 213,000 initial jobless claims in the week ending September 10, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 218,000 (revised from 222,000) and came in better than the market expectation of 226,000. the advance …

Oil prices fell on Thursday, as concerns about weak demand and a stronger dollar ahead of a possible big interest rate hike raised concerns about tight supplies. The International Energy Agency announced this week that oil demand growth will stall in the fourth quarter. The dollar also settled on Thursday …

Retail Sales in the US stayed increased by 0.3% to $683.3 billion in August, the data published by the US Census Bureau showed on Thursday. This reading followed July’s decrease of 0.4% (revised from 0%) and came in better than the market expectation for a no-change. Retail Sales ex Autos …

There is no alternative to Russian gas for Europe, said Oleg Aksyutin, executive vice president of the Russian energy giant Gazprom on Thursday. He added in a press conference that no significant additional supplies of liquefied natural gas can be expected in the foreseeable future. These comments don’t seem to …

On Thursday, the dollar settled near recent highs, buoyed by expectations that the Federal Reserve will continue to tighten monetary policy aggressively in its effort to rein in inflation, while the yen faltered after a sharp rally on Wednesday. The dollar rose 0.28 percent against the yen at 143.58, after …

European shares rose on Thursday, supported by bank shares, after markets showed signs of recovering from a sharp sell-off caused by bets on a major interest rate hike worldwide. The pan-European Stoxx 600 index rose 0.3 percent by 0711 GMT, after falling for two consecutive days. And US inflation data …

Japanese stocks rose at the close on Thursday, with investors buying shares again after a sharp decline in the previous session. Travel-related stocks led the rally, supported by hopes of a recovery in tourism. The Nikkei rose 0.21 percent to 27,875.91 points, recovering from its worst session in three months. …