Forex Market

In an episode of the All-In Podcast, billionaire Palihapitiya discusses why over half of Americans believe the US economy is in a recession despite a 1.6% GDP rise last quarter. He suggests that the negative sentiment may be due to the components used to measure the GDP, which may give …

The Canadian dollar surpasses the US dollar on Monday, but its success is inconsistent. Up until Friday’s GDP data, Canada doesn’t add much of importance to the economic calendar. The US markets are closed on Memorial Day, with low trading turnover. Due to a calm US market session, the Canadian …

Treasury Secretary Janet Yellen has warned that the outlook for higher interest rates over the long haul makes it harder to contain US borrowing needs, heightening the importance of boosting revenue in negotiations with Republican lawmakers.The White House sees the inflation-adjusted interest payments compared with GDP as stabilizing at about …

German business confidence unexpectedly stagnated in May, defying forecasts of improvement. This suggests that the nation’s economic recovery this year will likely be a slow and gradual process. The Ifo institute’s business climate index held steady at 89.3 in May, falling short of analysts’ expectations of a reading of 90.4. …

Oil prices remained largely unchanged on Monday, experiencing only minor gains due to public holidays in Britain and the United States. The subdued trading followed a week marked by concerns about the trajectory of U.S. interest rates in the face of persistent inflation. Brent crude for July delivery saw a …

The dollar maintained its position on Monday, despite being on track for its first monthly loss this year. This pause comes as investors keenly await inflation data from the U.S., Europe, and Japan, which will shape the global interest rate outlook. In recent months, foreign exchange trading has been driven …

European stock markets opened the week on a subdued note, with many major markets closed for the holiday. Investors exercised caution ahead of crucial inflation data releases from both the U.S. and Europe, scheduled for later this week. The pan-European STOXX 600 index dipped slightly by 0.02% as of early …

After a week of losses, gold prices found their footing in Asian markets on Monday, sparking a glimmer of optimism amongst traders. This modest recovery comes as investors tread cautiously ahead of the crucial U.S. inflation data release this week. Market activity was relatively muted due to holidays in the …

The minutes of the latest Federal Reserve’s monetary policy meeting as well as inflation data attrac1ted most attention across trading markets for the week. The US dollar closed last week’s trading in an upward direction on the back of signals as well as messages included in FOMC Minutes for May’s …

Amid broad market sentiment rebound, WTI crude oil bounced back above $77.55 per barrel, up 1.11%. Crude Oil markets are recovering despite ongoing concerns over US oversupply. Fed rate cut bets continue to get hammered by sticky inflation fears. US Crude Oil rebounded on Friday, recovering from a fresh 12-week …