Forex Market

The U.S. Dollar (USD) is trading lower against major currencies on Wednesday, after the release of economic data that showed mixed conditions in the manufacturing sector and the jobs market. The Dollar Index (DXY) is up 0.23% at 92.42 in early trades after turning to the negative territory before the …

The Turkish economy grew by 21.7% on an annual basis as expected in Q2, recovering strongly from a sharp slowdown a year ago driven by COVID-19 restrictions. Data from the Turkish Statistical Institute showed that the economy grew 0.9% from the previous quarter on an adjusted basis in light of …

Japanese shares jumped on Wednesday, with the Nikkei index hitting a one-and-a-half month high, as investors bet that a maneuver by Prime Minister Yoshihide Suga could help restore political stability. The Nikkei gained 1.29% to 28,451.02 points, the highest closing level since July 14, after it crossed important resistance levels …

Gold prices rose on Tuesday, maintaining modest monthly gains for the second month in a row. The yellow metal front-month futures added $6, or 0.33%, to close at $1,815 per ounce. Gold futures added about 0.13% for the month, extending their gains over the two months to 2.5%. However, gold …

The U.S. Dollar (USD) is rebounding, after spending most of Tuesday in the negative territory, as investors are adjusting their positions, thus easing selling pressures. In addition, Treasury bond yields leveled up, providing support for the greenback. The Dollar Index (DXY) is now marginally higher for the day by 0.03% …

Data from the Turkish Statistical Institute showed that the country’s foreign trade deficit rose 51.3% year on year in July to $4.278 billion according to the general trade system. The institute said that after the damage to trade a year ago due to the Corona pandemic, Turkey’s exports rose 10.2% …

The U.S. Dollar (USD) was little changed on the first session of the week against major currencies, leveling up for the third consecutive session with a modest rise. The greenback leveled up by about 0.03% against major currencies. Against the Euro (EUR), the USD lost 0.02%, with the EUR/USD pair …

Japanese stocks rose on Monday, August 30, due to a rebound on Wall Street, after US Federal Reserve Chairman Jerome Powell’s remarks at the Jackson Hole forum eased market concerns about a rapid withdrawal of stimulus measures due to the epidemic. The broader TOPIX index rose near the close to …

The U.S. Dollar (USD) declined on Friday, minutes after Federal Reserve Chairman Jerome Powell publicly said that he thinks tapering could begin before the end of the year. Powell’s remarks at the Jackson Hole economic conference reaffirmed what the Fed’s July meeting minutes indicated about a majority of Fed board …

Japan’s Nikkei index fell on Friday, in line with Wall Street’s decline Thursday night, on caution about the prospects of an earlier-than-expected reduction in the US Federal Reserve’s stimulus. The Nikkei fell 0.36% to close at 27651.51 points, but it moved away from the low level it had recorded in …