Forex Market

The Bank of Japan is preparing for one of its most closely watched policy meetings in years, with financial markets almost fully convinced that policymakers will raise interest rates for the first time to levels not seen in decades. While the expected rate increase has largely been priced into markets, …

Key Takeaways ECB raises rates: The deposit rate was lifted to 2.25% from 2% — the first increase in almost three years — in line with expectations. Iran war the trigger: A spike in energy prices driven by the Middle East conflict is the primary force behind the policy shift. …

Key Takeaways Broad recovery: The Stoxx 600 rose 0.6% after hitting a three-week low Wednesday; FTSE 100 gained 0.7%, Italy’s MIB jumped 1.1%, Germany’s DAX was flat near three-week lows. Buy-the-dip mentality intact: “Each pullback over the past week has attracted fresh demand, preventing a deeper correction from taking hold,” …

Key Takeaways Gold recovers from 6-month low: Spot gold rose 0.6% to $4,093.35 per ounce after touching $4,023.96 — its weakest since late November. Gold futures dip: U.S. gold futures fell 0.5% to $4,114.25 amid higher-for-longer rate expectations. Prior session’s 4%+ crash: Wednesday’s severe selloff preceded Thursday’s tentative bounce. U.S. …

Consumer inflation in the United States continued to accelerate in May, highlighting the ongoing impact of elevated energy prices on the broader economy. Annual inflation rose to 4.2%, up from 3.8% in April, matching market expectations and reinforcing concerns that price pressures remain persistent. The increase reflects the continued influence …

Stronger Inflation Revives Demand for the US DollarThe US Dollar strengthened on Wednesday after fresh inflation data showed that price pressures in the United States remain higher than expected. The latest figures reinforced market expectations that interest rates could remain elevated for a longer period, boosting demand for the greenback …

The euro traded in a narrow range on Thursday as investors awaited the European Central Bank’s latest policy announcement. Market participants largely expect policymakers to raise interest rates again as they continue efforts to contain inflation across the Eurozone. Despite expectations of tighter monetary policy, traders have remained cautious ahead …

U.S. Inflation Figures Weigh on Gold as Markets Scale Back Expectations for Interest Rate CutsGold prices tumbled more than 3% on Wednesday after the latest U.S. Consumer Price Index (CPI) data showed inflation remains elevated, strengthening expectations that interest rates could stay higher for longer.The precious metal fell to around …

Key Takeaways Headline CPI accelerates: Annual consumer prices rose 4.2% in May — up from 3.8% in April and the hottest reading since April 2023. In line with expectations: The print matched forecasts, offering no major surprise to markets. Monthly CPI cools slightly: Month-on-month inflation eased to 0.5% from 0.6% …

Key Takeaways CPI at 3-year high: Annual U.S. consumer inflation rose to 4.2% in May — the highest reading since 2023. In line with expectations: The print matched market forecasts of 4.2%. Energy shock the driver: Iran war-driven fuel costs continue to be the primary force pushing prices higher. Fed …