The gold price has started to find support and is back to trading near flat on the day at around $1,660.50, at the time of writing, efficiently escaping the earlier $1,641.57 low to the day’s high of $1,664.89. The US dollar continued to ease and spared its domination over rival …

Shares sell off began on Thursday as the dollar slightly slid and eased its domination over currency markets amid recession fears that quake the stocks and bonds markets suffering more interest rate pain.After a partial rebound on Wednesday, US stocks sharply fell on Thursday. The Dow Jones Industrial Average fell …

Mexico’s central bank said the board was unanimous on the rate decision where it raised the benchmark interest rate to 9.25% from 8.50%. The USD/MXN pair is 0.25% bid on the day at 20.1947.Key QuotesSays the balance of risks for the trajectory of inflation within the forecast horizon remains biased …

The USD/CAD pair is gaining some 0.82% courtesy of Fed officials on Thursday as Fed’s Mester and Bullard estimate the Federal funds rate to peak around 4.5%.The Canadian economy Canada grew 0.1% MoM in July, exceeding estimations and the the USD/CAD marches firmly towards the 1.3700 figure after diving close …

Oil prices rose on Thursday for a second day, briefly touching $90 per barrel as leading OPEC+ members discussed an output cut to become in force as of next week, but gains moderated on the stronger dollar and weak economic expectations.Brent crude futures for November rose 18 cents to $89.50 …

As the British Pound recovers further ground across the G10 currencies, the EUR/GBP pair is experiencing its worst trading day since 13 July. The pair dropped during the American session and hit the lowest level in almost a week at 0.8836. It is hovering around 0.8850, namely down by almost …

St. Louis Federal Reserve Bank President James Bullard said on Thursday that the Federal Reserve is having to raise rates pretty rapidly to get to a minimally appropriate level to tackle inflation, as reported by Reuters.The greenback stays on the backfoot after these comments and the US Dollar Index was …

Gold prices soared, and XAUUSD trades at $1,660 per troy ounce, its highest for the week. Crude oil prices recovered, and WTI settled at $82.00 a barrel. The US dollar pushed its rally throughout the first half of the trading day but changed its direction dramatically after Wall Street’s opening. …

Thursday’s GDP update will help provide a correct answer to whether US economy has fallen into recession. It is becoming more difficult to figure out what is really going on in the globe’s largest economy. Firmer Final US GDP in the second quarter could offer US dollar rebound as Fed …

“America’s watching. The industry should do the right thing”, US President Joe Biden said, on Wednesday, stressing that the federal government will investigate price gouging if fuel prices rise during the hurricane.Biden said only 190,000 barrels of oil have been impacted so far by Hurricane Ian. Biden also warned oil …