Forex Market

Chicago Federal Reserve President Austan Goolsbee warned Wednesday that threats to supply chains, such as tariffs, pose a challenge to the Federal Reserve’s efforts to curb inflation. He emphasized the difficulty in predicting the impact of such disruptions and how they could complicate the Fed’s goal of achieving a 2% …

BoE will likely decide to cut interest rates for the third time since the pandemic, with a 0.25 percentage point (25 basis point) reduction expected at its February meeting. This would lower the base rate from 4.75%. Easing inflation, slow economic growth, and a softening labor market support this move.The …

The European Central Bank (ECB) Governing Council member Mario Centeno has raised concerns about the growing risk of deflationary pressures within the Eurozone. He suggested that the ECB may need to lower interest rates below the neutral level to ensure inflation reaches and remains at the 2% target. Centeno stressed …

US stock index futures declined on Wednesday, dragged down by weak earnings from Alphabet and renewed US-China trade tensions. Stock Futures Performance (06:00 ET / 11:00 GMT) Dow Jones Futures: ↓ 80 points (-0.2%) S&P 500 Futures: ↓ 30 points (-0.5%) Nasdaq 100 Futures: ↓ 195 points (-0.9%) On Tuesday, …

European stock markets edged lower on Wednesday as investors digested corporate earnings, global trade tensions, and upcoming economic activity data from the region. At 08:05 GMT (03:05 ET): Germany’s DAX fell 0.4% France’s CAC 40 declined 0.2% UK’s FTSE 100 slipped 0.1% Trade War Fears Weigh on Sentiment Market caution …

The Canadian dollar (CAD) rebounded strongly on Tuesday, recovering 1.55% after earlier fears of US tariffs subsided. The US had threatened tariffs on Canadian goods, including a 25% levy on all goods and a 10% import fee on energy products. However, these threats were withdrawn for 30 days. This decision …

Euro Gains Momentum, Eyes Key ResistanceThe euro (EUR) has gained ground against the US dollar (USD) on Tuesday, rising to 1.0335 and demonstrating renewed bullish momentum. A key development has been the pair’s decisive break above the 20-day Simple Moving Average (SMA) at 1.0360. This level had previously acted as …

The British pound (GBP) has strengthened against the US dollar (USD) for the second consecutive day. This upward movement follows the delay of US tariff threats on Mexico and Canada. The postponement is due to ongoing negotiations between the involved parties, focused on combating fentanyl trafficking and illegal immigration. 1 …

US job openings decreased to 7.6 million in December, according to the Job Openings and Labor Turnover Survey (JOLTS) released by the Bureau of Labor Statistics (BLS). This figure fell short of the 8 million forecast and followed 8.15 million openings in November. The BLS also reported that hires and …

China escalated its trade dispute with the United States on Tuesday by imposing a series of targeted measures against U.S. companies, including Google (NASDAQ:GOOGL), PVH Corp (NYSE:PVH), and major farm equipment manufacturers. The move came minutes after Washington’s new tariffs on Chinese goods took effect, further intensifying tensions between the …