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Canadian Dollar remains the weakest performer for the week at this point. Yet, losses is so far contained, with the recovery after the brief selloff following BoC’s rate cut overnight. While further cuts are anticipated within the year, the likelihood of another immediate adjustment in July is currently seen as unlikely , with market odds

The NASDAQ index is now up 300.40 or 1.80%. The high price reached 17157.38. The gain today is the largest since 1.99% on May 3. The price also moved up 2.02% on April 26. For the trading year, the NASDAQ index is up 14.31%. Remember in 2023, the NASDAQ index rose 43.42%. That came after

Oil prices eased in early trade on Tuesday, extending their losses from the previous session when prices fell to their lowest in four months, as investors worried about supply ticking up later in the year. Brent crude futures fell 20 cents or 0.3 % $78.16 a barrel. Brent closed below $80 for the first time

Trading in the forex markets is subdued US session gets underway, with weaker-than-expected U.S. ADP private job data failing to stir significant movement in the Dollar. Despite the slowdown in job gains and pay growth, the job market remains robust. US futures are pointing to a flat open, and the 10-year yield is down slightly.

Prior 56.2 Once again, Spain continues to be the bright spot in the euro area. This marks the steepest rise in activity for over a year. HCOB notes that: “In May, Spain’s services sector continued to expand. Activity and new business both saw substantial growth, with the Services PMI Business Activity Index rising to 56.9.

Oil prices extended losses slightly from the previous session in early Asian trading on Wednesday after an industry report showed builds in U.S. crude and fuel stockpiles, adding to concerns around demand growth. Brent crude futures fell 14 cents, or 0.2%, to $77.38 a barrel by 0005 GMT. U.S. West Texas Intermediate crude futures fell

Forex trading in Asian session today was relatively muted, with market participants holding off on major moves in anticipation of impending key events. The spotlight is on BoC, with traders eagerly awaiting its rate decision. There is considerable speculation on whether the central bank will opt for an interest rate cut at this meeting or

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Oil prices fell more than $1 on Tuesday, extending losses from a four-month low in the previous session, as investors worried about supply rising later in the year amid signs of weakening U.S. demand. Brent crude futures fell $1.14 cents, or 1.5%, to $77.22 a barrel at 0825 GMT. Brent on Monday closed below $80

Japanese Yen and Swiss Franc are seeing significant upward momentum today. As news flow has been very slow, these safe-have currencies’ are likely partly supported by the extended decline in benchmark treasury yields across the US and Europe. This movement also suggests an underlying risk aversion among investors, although the downturns in European indices and

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Amid highly volatile sessions and disappointing US PMI data, gold August futures at MCX opened flat at Rs 72,160 per 10 grams down by 0.06% or Rs 43, while silver July contracts stood at Rs 92,099/kg, up 0.07% or Rs 66. Domestic markets settled on a positive note. Gold August futures contract settled at Rs72,203

Dollar weakened broadly overnight, particularly against European majors, following disappointing US manufacturing data that also pressured benchmark Treasury yields lower. This data not only pushed benchmark Treasury yields lower but also triggered the greenback’s downturn. Despite these movements, the stock markets closed mixed, suggesting that the market reactions were not entirely aligned with the negative

Crude oil futures are settling at $74.22. That is down $2.77 or -3.60%. The low price reached $73.98. That was the lowest level since February 8. OPEC extended supply cuts through the end of 2025 but plans to ease cuts starting October 2023. The 2.2 million BPD voluntary cuts will continue until September, with gradual

Gold prices edged higher on Monday as signs of cooling U.S. inflation lifted hopes for interest rate cuts from the Federal Reserve this year, while traders awaited a slew of U.S. economic data due this week. Spot gold was up 0.2% at $2,331.84 per ounce as of 09:49 a.m. ET (1349 GMT), after posting a

The forex markets are showing relatively limited movement today, remaining mostly within established ranges. Yen is having a slight uptick, supported by the dips in US and European benchmark treasury yields. But the Japanese currency’ gains are modest and insufficient to reverse recent declines. Meanwhile, Swiss Franc is charting a notable course as the day’s

Today it’s basically the Manufacturing PMIs Day. The main event will be the US ISM Manufacturing PMI, but we will also get the Final readings of the S&P Global PMIs for Spain, Italy, France, Germany, Eurozone, UK and US although they are unlikley to be market-moving as the market cares more about the preliminary reports

Oil prices fell early on Monday, despite a move by producer group OPEC+ to extend deep output cuts well into 2025. Brent futures for August delivery were down 24 cents, or 0.3%, to $80.87 a barrel at 0030 GMT. U.S. West Texas Intermediate (WTI) crude futures for July delivery fell 19 cents, or 0.25%, to