New Zealand’s dollar has lost ground against the US Dollar following the Reserve Bank of New Zealand’s latest inflation expectations report. The report suggests that prices are likely to fall in the future, capping interest rates, a negative for NZD. The NZD/USD pair has lost 0.37% on the day and …

Early on Wednesday, oil prices continued to decline from their lowest points since July. West Texas Intermediate, at $77.30 per barrel, saw minimal movement. The global benchmark, Brent crude, increased by 0.1% to $81.69 per barrel. The price of a barrel of Brent crude dropped $2.14, or 2.6%, to $79.47. …

On Wednesday, gold was expected to reach new lows, testing $1,950. Investor hopes for a dovish Fed ease are pushing back precious metals. Gold is trading at $1,947.96 per ounce at the time of writing.US Treasuries are still quite low; they recently eased back to 4.5% from 4.615%. Gold is …

The EUR/GBP pair reached a weekly peak at 0.8711, driven by concerns over the UK’s economic stagnation and potential stagflation. UK GDP forecasts suggest a possible contraction in Q3, with expectations of a -0.1% decrease in QoQ, pressuring the Pound.The Bank of England’s mixed signals, with Governor Bailey’s cautious stance …

With investors analysing earnings reports and remarks from Federal Reserve officials for hints about how long the American central bank will maintain high interest rates before beginning to reduce them, Wall Street’s major indexes edged higher on Wednesday.Amidst anticipations that the Fed may be done raising interest rates, Treasury yields …

The US dollar is weakening as Jerome Powell, the chairman of the Federal Reserve, gave a speech devoid of any mention of monetary policy or guidance. Traders are beginning to paint a picture of the US and global economies as the earnings season draws to a close. People’s finances are …

Metals continued to be pressed. Silver reached a two-week low of $22.43 and is trading dangerously below $22.80. Gold fell to a two-week low of $1956 before retreating from its losses.aDuring the American session, the US dollar weakened due to rising Wall Street stocks and a reverse in Treasury yields. …

Tuesday saw a 1.5% decline in the value of the Australian dollar (AUD/USD), hitting 0.6404 as a result of the Reserve Bank of Australia’s dovish statement and announcement of an anticipated 25 basis point rate hike. The Australian dollar bounced back to start trading on Wednesday at 0.6440.The Reserve Bank …

On Tuesday, the EUR/JPY pair made a significant move towards EU Retail Sales figures, hitting a 15-year high at 161.00. With a 2.8% decrease, Japan’s overall household spending for the year through September fell short of forecasts. With an improvement in the month-over-month figure, the market anticipates more declines in …

Uber has officially reported positive earnings to qualify the ride-sharing company to join the S&P 500. The company’s Q3 results missed analysts’ expectations, with revenue up 11% year over year to $9.29 billion.CEO Dara Khosrowshahi said Uber’s third quarter was “very strong” and saw accelerations in gross bookings, trips, and …