BoJ’s K. Ueda gave fresh statements on the central bank’s policy outlook, although he declined to comment on the recent performance of the Japanese yen.Before Thursday’s European session begins, the Japanese Yen was still weak relative to the US dollar and is trading barely above a multi-decade low that was …

US stocks have significantly declined since the Israeli Air Force declared maximum alert and the army suspended vacations for combat forces due to concerns about the possibility of Iran launching attacks on Israeli territory, which brought back geopolitical tensions in the Middle East.Israeli Air Force raised its alert to the …

As the Bureau of Labour Statistics (BLS) delivers its much-awaited March jobs report for the US, the financial markets are seemingly excited. Traders will digest this jobs print with great care, looking for hints about how the US economy and Federal Reserve policies will develop in the near future. Nonfarm …

On April 4, Bitcoin saw daily gains above $4,000 as traders anticipated upcoming short liquidations. Bitcoin surprised market watchers by rising about 5% from the day’s low. They saw bulls correcting a chart inefficiency following recent declines. Early April saw a dip in Bitcoin prices, but on Thursday it recovered …

During a meeting between US Secretary Janet Yellen in Guangzhou and Beijing, the US and China are anticipated to carry on their conversation on trade and investment. To keep up the dialogue, the two nations established formal economic working groups. Additionally, Yellen’s eating of a meal prepared with hallucinogenic “magic” …

On Thursday, the Euro gained versus the US dollar, but obstacles still exist. The poor US data, which included an unexpected increase in jobless claims and a widening trade deficit that raised questions about the real state of the US economy, helped the shared currency. Treasury yields dropped as a …

The Pound Sterling (GBP) has risen to 1.2660 in early New York session due to the UK’s improved economic outlook and increasing home prices. The GBP/USD pair is showing strength as recent economic indicators suggest the UK economy is on track to return to growth after falling into a technical …

Outsized price rises in the housing services industry is the most significant hurdle to the Federal Reserve reducing inflation to its 2% target rate according to Chicago Federal Reserve Bank President Austan Goolsbee.Key Quotes: “If housing inflation does not come down, would be very difficult to return inflation to 2%.”“I …

Mixed US data, further selling pressure, risk appetite and renewed remarks by Fed officials on rate cut are the main factors that have dragged the US dollar lower and put the USD Index (DXY) on track to challenge the 104.00 support after weaker-than-expected data. Further disinflationary pressures in the Eurozone …

As Fed Chair Jerome Powell reaffirmed that the Fed will probably lower interest rates this year due to inflation’s “bumpy” downward trajectory, US markets saw minimal movement on Wednesday.While the Dow Jones Industrial Average decreased by around the same amount, the S&P 500 increased by roughly 0.1%. The major indices …