The European single currency declined noticeably against the US dollar for two consecutive sessions, reaching as low as 1.1890. On the technical side, and with a closer look at the 4-hour chart, we find the current moves are showing some bullish bias but still limited. The simple moving averages continue …

Private sector employment in Canada increased by 101,600 jobs from April to May, the ADP Research Institute revealed in its monthly report on Thursday. This reading followed the previous print of 101,300 (revised from 351,300).

There were 412,000 initial claims for unemployment benefits in the United States during the week ending June 12. The data published by the US Department of Labor showed on Thursday. This reading came in weaker than the market estimate of 359,000 and followed the previous print of 375,000.

Gold tumbles under $1,800 in the wake of the hawkish Fed decision to be updated …

The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it left its policy (one-week repo) rate unchanged at 19% as expected. Investor sentiment was hit by news that Turkish President Recep Tayyip Erdogan told President Biden that Turkey would not change its stance on the Russian …

It seems that the impact of the US Federal Reserve yesterday, Wednesday, reached the cryptocurrency market after it hit gold. To make matters worse, however, El Salvador received an expected slap from the World Bank over the country’s adoption of Bitcoin as an official tender. Bitcoin fell during trading today, …

Britain is considering easing travel restrictions for those who have received the two doses of the Covid-19 vaccine, in a move to placate airlines that threaten legal action against the government’s stringent restrictions on travel abroad. Pressure is mounting on the aviation sector, as companies seek to ease restrictions before …

According to Eurostat’s final reading of the Eurozone CPI report for May, the consumer prices came in at 2.0% on a yearly basis, meeting the flash estimate of 2.0% and 2.0% expectations. While the core figures rose to 1.0%, beating the 0.9% consensus forecasts.

The Swiss National Bank (SNB) gave an optimistic view of the economy in its Financial Stability Report (FSR) published on Thursday. The report indicated that in Switzerland, GDP is growing strongly in the near term and unemployment is declining.” The production capacity has also been untapped for some time.

Crude oil prices fell on Thursday as the US dollar rose after the Federal Reserve hinted that it may raise interest rates faster than expected, but losses were limited thanks to a significant drop in US crude inventories. Brent crude futures fell 42 cents, or 0.6%, to $73.97 a barrel, …