Forex Market

The recent escalation in the US-Russian standoff has had a major impact on the Russian financial system. This comes after the US decided to impose a new batch of sanctions on June 12, targeting the Moscow Stock Exchange, the National Clearing Center and the National Settlement Depository, key players in …

The USD/JPY recovered some ground during Thursday’s North American session yet is virtually unchanged, up by a minimal 0.08%, weighed by a fall in US Treasury bond yields. US economic data from the United States (US) shows that inflation is getting lower, yet the Federal Reserve remains skeptical that the …

US bond yields have been declining since the beginning of daily trading on Thursday, affected by expectations of a rate cut, which highlighted the possibility of limiting the rate cut to only once this year.Ten-year US Treasury bond yields fell to 4.232% compared to the last daily close, which recorded …

Bank of Canada’s Deputy Governor Sharon Kozicki noted on Thursday that the BoC is set to end its quantitative easing program and that future applications of QE will have a very high bar to pass before accessing additional monetary policy mechanisms.The Canadian Dollar pared back recent gains against the US …

The Dow Jones Industrial Average tumbled another 150-plus points on Thursday after US data hinted at a further contraction of the overall economy, briefly sparking risk-off bids into the US dollar and forcing Treasury yields lower alongside equity indexes. The Dow Jones backslides over 150 points on Thursday. Treasury yields …

The U.S. dollar retreated on Thursday, as market participants wrestled with the contrasting signals of subdued U.S. inflation and a more hawkish stance from the Federal Reserve. The Dollar Index, measuring the greenback against a basket of major currencies, dipped 0.3% to 104.340, easing from its recent mid-May peak. This …

European stock markets took a hit on Thursday as the aftershocks of the U.S. Federal Reserve’s hawkish stance sent ripples across the financial landscape. Investors were left to grapple with the prospect of fewer U.S. rate cuts than anticipated, casting a shadow over global monetary policy easing. At the heart …

On early Thursday, dollar bulls tested the USD/JPY market, but their excitement quickly faded. This cautious attitude reflects the nervousness of investors as they anxiously await the Bank of Japan’s policy announcement. The US Federal Reserve’s hawkish turn eclipsed the less-than-expected US inflation numbers, giving the dollar a little boost.Due …

Recent economic news and headlines have been dominated by data and concerns related to US inflation. The negative surprise of the US CPI in May caused the US dollar to rapidly revert its recent positive trend, although the hawkish stance taken by the Federal Reserve helped the USD Index (DXY) …

Fed Chairman Jerome Powell noted that the revised forecast is a conservative approach and left open the possibility of additional rate reduction. Federal Reserve officials released a startling change to their estimates for the number of interest rate cuts this year.Following the two-day monetary policy meeting in Washington on Wednesday, …