Market News

Over the past 24 hours, crude oil prices increased while gold prices decreased
June 29, 2022

Over the past 24 hours, crude oil prices increased while gold prices decreased Over the past 24 hours, gold prices have been trending marginally lower as crude oil prices managed to end the day positively. An increase in the US dollar, which resulted from risk aversion as the tech-heavy Nasdaq 100 fell more than 3

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Stocks drop following poor consumer confidence reading
June 29, 2022

Stocks drop following poor consumer confidence reading As investors analyzed new economic data in search of hints regarding the rate of monetary policy tightening, U.S. stocks declined on Tuesday, giving up early gains and sliding for a second straight day. To reach 30946.99, the Dow Jones Industrial Average fell 491.27 points, or 1.6 percent. Earlier

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Japanese Yen Update – USD/JPY/GBP/EUR Struggles Despite Record BoJ Bond Buying
June 28, 2022

Japanese Yen Update – USD/JPY/GBP/EUR Struggles Despite Record BoJ Bond Buying JPY: BOJ Core CPI y/y, it measures change in the price of goods and services purchased by consumers, excluding food and energy. EUR: German GfK Consumer Climate, it measures level of a composite index based on surveyed consumers. EUR: ECB President Lagarde Speaks, As

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UAE claims it has no spare capacity, oil prices jump by 1%
June 28, 2022

UAE claims it has no spare capacity, oil prices jump by 1% The energy minister of the United Arab Emirates stated that the country is producing near capacity, defying expectations that this could assist boost supply in a tight market. As a result, oil prices increased by nearly 1% in early Asian trade on Tuesday.

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Stock Market declines following massive rally last week
June 28, 2022

Stock Market declines following massive rally last week U.S. stocks declined on Monday, erasing some of the gains made during a surge last week as expectations for the direction of interest-rate rises by the Federal Reserve softened. Early gains were erased by the S&P 500, which dropped 11.63 points, or 0.3 percent, to close at

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