The US Dollar Index is trading at 105.342 at the time of writing. So far on Tuesday, the dollar has consolidated Monday’s gains on the back of negative political news from Europe, with the dollar jumping after rumors saying that President of France Emanuel Macron is considering resignation. The US …

The Biden and Trump teams are expected to engage in a long-distance economic showdown on Thursday, as both sides try to sell corporate America on their vision for 2025 and beyond. Treasury Secretary Janet Yellen will defend President Biden’s approach at the Economic Club of New York, where she will …

With political unpredictability engulfing Europe in the wake of the June 9 European Parliamentary elections, the US dollar gained momentum this week. The safe-haven dollar gained due to this risk aversion. The USD Index (DXY) surged above 1.05. It reached multi-week highs. Under pressure from the political concerns, the Euro …

Despite Monday’s strong US dollar, gold prices managed to recover some of the losses from last week, rising by more than 0.5%. Following Friday’s US Nonfarm Payrolls report, which showed a robust labour market with 272,000 jobs gained beyond estimates, gold is rising. On the other hand, future US inflation …

Financial markets were taken aback by French President Emmanuel Macron’s announcement to hold early elections, which has raised questions about his pro-business agenda and the country’s already precarious finances.Market reactions:Following the announcement of a sell-off of French assets on Monday, investors are requesting higher returns on French bonds than on …

Early French elections shake investors’ confidence in the economyFinancial markets were taken aback by French President Emmanuel Macron’s announcement to hold early elections, which has raised questions about his pro-business agenda and the country’s already precarious finances.Market reactions:Following the announcement of a sell-off of French assets on Monday, investors are …

The Dow was flat on Monday as investors remained cautious ahead of this week’s Federal Reserve meeting and a critical inflation data that could provide insight into the central bank’s policy-easing path. In contrast, the S&P 500 and the Nasdaq saw increases.The Nasdaq traded little higher as gains in firms …

On Monday, the Canadian dollar was largely unchanged vs the US dollar. This week, Canada is largely absent from the economic calendar. BoC Macklem’s speech is expected during the midweek trading session. As we begin a new trading week, the Canadian dollar is staying steady vs the US dollar because …

GBP/USD slightly down for the second session in a row. Technical factors indicate losing buyer momentum as RSI approaches the 50-midline. A drop below 1.2700 could push GBP/USD towards key moving averages near 1.2686 and potentially lower.Upside seen above 1.2750, with buyers eyeing 1.2800.The British Pound extended its losses for …

ECB President Christine Lagarde stated that interest rates are not on a linear downwards path and that policymakers could wait more than one meeting before cutting them again. Markets now expect little more than one rate cut over the four remaining policy meetings this year and between 3 and 4 …