Market News

MARKET NEWS

February 20, 2024
WTI Rises to $78.30 Amid Houthi Strikes on Red Sea Shipping Vessels

WTI Rises to $78.30 Amid Houthi Strikes on Red Sea Shipping Vessels The West Texas Intermediate (WTI) crude oil price is experiencing a rebound, erasing some of its recent losses from Monday. During the Asian trading session on Tuesday, WTI crude was trading higher, approximately at $78.30 per barrel. This upward movement in prices is

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February 20, 2024
USD/JPY Steady Above 150.30, Awaiting FOMC Minutes

USD/JPY Steady Above 150.30, Awaiting FOMC Minutes During the early Asian trading hours on Tuesday, the USD/JPY currency pair maintained its position above the significant 150.00 psychological threshold, showcasing a slight upward trend attributable to renewed demand for the US Dollar (USD). The pair’s ascent is further illustrated by the US Dollar Index (DXY), which

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February 20, 2024
Chinese Equities Decline Despite Interest Rate Reduction by Traders

Chinese Equities Decline Despite Interest Rate Reduction by Traders Chinese stocks declined as a significant cut in the country’s mortgage reference rate failed to alleviate concerns about its economy, the world’s second-largest. The reduction aimed to support the struggling property sector and stimulate demand, yet its impact on investor sentiment was limited. Meanwhile, the US

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February 19, 2024
UK Home Prices Increase with Boost from Mortgage Relief

UK Home Prices Increase with Boost from Mortgage Relief In the UK, home sellers have raised their asking prices for a second consecutive month, signaling a resurgence in the property market which experienced its worst performance since the financial crisis. In February, the average asking price for homes on the market climbed by 0.9% to

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February 19, 2024
EUR/USD Rises Below 1.0800 Ahead of FOMC Minutes Release

EUR/USD Rises Below 1.0800 Ahead of FOMC Minutes Release The EUR/USD currency pair has been trading with strength below the key 1.0800 psychological mark during the early hours of Monday’s Asian trading session. The pair’s movements are largely influenced by investors’ anticipation of the Federal Open Market Committee (FOMC) Minutes and the upcoming Eurozone Purchasing

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