The Japanese currency has enjoyed a long safe haven and safe investment status in a financial world with plenty of uncurtaining, but as the yen fell to its lowest level against the US dollar in more than two decades this week, analysts have speculated that its safe haven status may …

Finance ministers from the G7 announced an agreement Friday to impose a cap on the price importers pay for Russian oil, in a bid to shrink a key source of revenue the Kremlin uses to finance its war in Ukraine.“We seek to establish a broad coalition in order to maximize …

The Dow opened 82.38 points higher on Friday, extending gains recorded in the previous session after major indices reversed earlier losses.Wall Street is in the green territory shortly after the opening bell on Friday as market participants digested August’s all-important nonfarm payrolls data.As of 1515 BST, the Dow Jones Industrial …

The Bank of Canada will have its monetary policy meeting. Market consensus is for an increase in the key rate to 3.25% next week. Analysts look for the BoC to decide a 75-basis point interest rate hike, bringing rates into restrictive territory. They see little incentive for smaller hikes CPI …

The US employment has lost a significant amount of momentum. But some economists still believe that the Fed is expected to stick to its plan despite signs of a weakening. Fed Chairman Powell, in his speech at Jackson Hole, has put the markets on notice that monetary policy will continue …

September brought some additional recession-related concerns to almost all financial markets, however; the American dollar surged, helped by positive US data and the negative market sentiment.The EUR/USD pair trades around 0.9950, while GBP/USD plunged to 1.1497, now trading around 1.1540. Commodity-linked currencies finished the day mixed, as AUD/USD is down …

Proposals Iran sent a constructive response to US proposals concerning efforts to revive the 2015 nuclear pact with global powers according to Iranian Foreign Ministry spokesperson Nasser Kanaani.“The text that was sent by Iran has a constructive approach aimed at finalizing the negotiations”, Kanaani said on early Friday.Iran’s response was …

At the time of writing, gold trades around $1695.60. in order to defend its stance, Gold attempted to build a fort near $1,690 on Thursday after a steep retreating move. Gold seeks a chance to rebound; such a pullback could push gold above the psychological resistance of $1,700.00.The downtrend will …

This Friday’s NFP report for August comes one week after remarks by Fed’s Jerome Powell, in his speech before Jackson Hole symposium, opening the door for important questions, including but not limited to: how much the jobs data will convince Fed’s policymakers of a certain QT course.NFP data has usually …

Bitcoin fell below $20,000 for a sixth successive trading session, the longest streak under the same closely-watch level since the crypto market was quacked by crisis in July. The largest cryptocurrency by market value declined as much as 3.1% to $19,577 on Thursday. Most other digital coins were also lower, …