Market News

Crude Oil at Multi-Year High; S&P 500 Index Nudges to Another Record; Gold Hits 1-Month Low; FOMC Statement Due Later Today.

British Prime Minister Boris Johnson recently announced the extension of coronavirus restrictions by four more weeks.

S&P 500 Futures Hit Record High; Precious Metals Drop; Crude Oil Advances Again Above $71.

According to data released by the Ministry of Economy, Trade and Industry, industrial production rose by 15.8% in April (year-on-year), higher than expectations of 15.4%, which was also last month’s figure.

S&P 500 Index Closes at Record Friday; U.S. Dollar Rallies; Crude Oil Advances Beyond $71.

The US Dollar Index lost some ground during Asian trading on Friday after Thursday's session which was marked by volatility.

Higher than expected U.S. inflation data sparks limited volatility in rangebound markets.

Oil prices fell yesterday due to a surge in gasoline inventories coupled with relatively insufficient demand, giving up part of the previous session's gains.

Bitcoin Bulls Stave Off Breakdown; Bank of Canada Makes No Change; Forex Market Remains Quiet.

In London trade, the British pound gained ground against both the greenback and the euro as Forex traders dismissed any concerns over North Ireland trade.

The sharp rise in costs is concerning and potentially harmful for small businesses.

Bitcoin Bears Threaten $30k; WTI Crude Oil Breaks $70; Quiet Forex Market.

According to data released by Japan's Cabinet Office, the Japanese GDP contracted by 1% first quarter, against expectations of 1.2% and the previous quarter’s 1.3%.

Crude Oil Retreats from Peak; DAX Index Makes Another All-Time High; Quiet Forex Market.

China's trade is currently booming mainly because of the increasing demand from the rest of the world, which is currently recovering from the pernicious effects that the COVID-19 virus had on the global economy.