Forex Market

Gold price is posting strong gains in midday U.S. trading Wednesday, hitting 4 week highs. Buy stop orders were hit in the futures markets after key technical resistance levels were penetrated on the upside.A selloff in the U.S. dollar index today also worked in favor of the precious metal market …

The Fed minutes are not released in a lock up any longer so the report will be put up on the Fed website at the top of the hour and then the free-for-all begins.To recap, the key line in the FOMC statement was:“If progress continues broadly as expected, the Committee …

The European Union said its new plan for Northern Ireland will cut customs paperwork by 50% and mean most food products will not need to be checked when arriving from Great Britain.Northern Ireland has a special Brexit deal which keeps it in the EU’s single market for goods and allows …

The gap between yields on shorter- and longer-term Treasury yields narrowed Wednesday after new data showed consumer prices rose in August. The gap narrowed mainly because Longer-dated Treasury yields moved lower after stronger than expected U.S. inflation data.In turn, 10 and 30 year U.S. yields were lower on Wednesday morning. …

Stocks on Wall Street drifted between gains and losses on Wednesday, with the S&P 500 down 0.2% soon after the start of trading. The Nasdaq composite ticked up 0.3%. After opening higher, the Dow and S&P 500 soon lost momentum and gave back their modest gains in exchange for losses. …

U.K. disposable incomes are set for their biggest drop in a decade next year as rising inflation, tax hikes and tighter monetary and fiscal policy put the squeeze on consumers, according to Credit Suisse.The bank predicts a 1.5% drop in real disposable incomes in 2022, the biggest fall since the …

The deep crisis of Chinese Evergrande Group and major home builders drove debt market risk premiums on weaker Chinese firms to a record high on Wednesday triggering new credit rating downgrades.Evergrande missed its third round of interest payments on its international bonds this week, and other firms have also warned …

Inflation in the U.S. accelerated moderately in September with the consumer-price index CPI up 0.4% in September from August, and 5.4% on an annual basis, the Bureau of Labor Statistics said Wednesday. The CPI was up 0.3% in the month of August.U. S. inflation isn’t going away and that means …

The International Monetary Fund (IMF) has issued a warning about the growing risks in the expanding cryptocurrency space, including fraud, excess speculation and potential “runs” on seemingly more stable assets, in a report on Tuesday.Crypto in all its forms has been spreading around the globe. Nearly half of the world’s …

The economic outlook on Tuesday’s U. S. trading session encompassed several readings that significantly impacted the performance of major currencies as well as Wall Street.Market Sentiment Market sentiment pushed the U. S. dollar to hit a one-year high on Tuesday on expectations the U.S. Federal Reserve will announce a tapering …