Financial Market


FOMC minutes awaited after tech selloff

The NASDAQ fell 2.3% in the previous session after a profit warning from Snap spooked the markets. Snap warned that the economic outlook...

PMI data to be the next catalyst

Oil prices settled flat yesterday as concerns over slowing global growth hurting the demand outlook were offset by the optimism of a strong...

Dollar weakens as mood remains cautious

EUR/USD rose 1.4% last week, boosted by broad-based USD weakness and growing expectations that the ECB will use the June meeting to prepare...

The market rebounds but stocks set for longest losing streak on record

Gold rallied 1.5% yesterday and has pushed above $1840, boosted by a combination of a weaker USD and safe-haven flows. The USD fell...

The market mood remains fragile after steep falls

The Dow Jones booked its largest daily loss since October 2022 yesterday, falling 3.7% or 1100 points on fears over inflation and the...

All eyes on inflation

GBP/USD jumped 1.4% higher in the previous session after robust UK jobs data. Unemployment dropped to a pre-COVID low, and vacancies outstripped the...

Markets rise even as global markets growth concerns remain

The UK index closed higher yesterday despite warnings from the BoE governor Andrew Bailey over surging inflation and a worrying rise in food...

Risk sentiment falls after weak Chinese data

EUR/GBP fell 0.7% last week, which was more of a euro weakness story than owing to significant pound strength. The pound traded broadly...

Markets steady after wild swings

EUR/USD steadies after falling to a 5-year low in the previous session and posting its biggest loss since March 2020. The pair tumbled...

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