Forex Market

The US Dollar has been on a steady upward trajectory, gaining strength following the release of July’s Personal Consumption Expenditures (PCE) Index. This inflation metric, favored by the Federal Reserve, has shown a consistent decline, suggesting that inflationary pressures are easing. However, the path forward for interest rate cuts remains …

The EUR/USD pair has been under pressure in recent weeks, primarily driven by softer inflation data in both the Eurozone and the United States. While the ECB is expected to cut interest rates in September, market expectations for an aggressive pivot by the Federal Reserve have been tempered by lingering …

Inflationary pressures in the Eurozone persist even after the headline CPI has recently slowed down. The total price index has decreased, but underlying factors—especially the inflation of services—remain persistently high. The European Central Bank’s (ECB) monetary policy actions are being influenced by the ongoing inflationary environment, which may have major …

US stocks were poised for a strong finish to the week on Friday, buoyed by the latest reading on the Personal Consumption Expenditures (PCE) index, the Federal Reserve’s preferred inflation gauge. The data indicated that prices rose in line with expectations in July, easing concerns about persistently high inflation and …

Eurozone inflation fell to its lowest level in three years in August, according to data released on Friday, raising expectations of another interest rate cut by the European Central Bank (ECB) next month. Headline Inflation: Consumer price growth slowed to 2.2% year-on-year in August, down from 2.6% in July, moving …

European shares reached an all-time high on Friday, with the pan-European STOXX 600 index climbing 0.2% to 525.65 points by 0713 GMT. This gain surpassed the previous record of 525.59 points set in June, and the index is on track for a fourth consecutive week of gains. The benchmark is …

Gold prices saw a slight decline in Asian trade on Friday, though they remained close to record highs as investors awaited crucial U.S. inflation data that could provide further insight into the Federal Reserve’s interest rate outlook. Gold Prices Hold Strong Despite Slight Dip Spot gold edged down by 0.3% …

The US Dollar continued its upward trajectory, boosted by higher interest rates and stronger-than-expected economic indicators. This surge was particularly pronounced ahead of the release of crucial Personal Consumption Expenditure (PCE) inflation data on Friday.Economic Data:Initial jobless claims fell to 231,000 for the week ending August 25, compared to the …

Gold prices have been on a steady ascent, buoyed by the anticipation of a potential Federal Reserve rate cut. Despite strong US economic data, the market remains optimistic about a policy shift that could benefit gold. The Economic ContextThe recent upward trajectory of gold prices is a testament to the …

The US dollar continued its upward trajectory following the opening of Wall Street trading on Thursday, buoyed by positive economic data on growth and employment in the United States.The dollar index, which measures the performance of the greenback against a basket of six major currencies, rose to 101.31 points compared …