Forex Market

The Gold Index, XAU/USD, peaked above $2,785 per ounce, and at the time of writing, the precious metal is trading at $2,772.31 per ounce. The recent unexpected rise in the US Consumer Price Index (CPI) has reignited concerns about inflation, prompting investors to seek safe-haven assets like gold. Furthermore, escalating …

The US Dollar has fallen back to session lows and is on track for a more than 2% loss this week in the Dollar Index. President Trump delivered softer comments, suggesting that tariffs on China might not be imposed after all. As a result, the US Dollar Index (DXY) has …

At the World Economic Forum in Davos, global business leaders echoed U.S. President Donald Trump’s calls for the European Union to expedite deregulation and enhance competition. The discussions underscored growing concerns about the EU’s ability to keep pace with other developed markets, particularly in light of rapid advancements in technology …

Gold prices climbed in Asian trading on Friday, approaching record highs as a weakening U.S. dollar and President Donald Trump’s call for immediate interest rate cuts bolstered safe-haven demand. Market Performance Spot Gold: Up 0.7% to $2,773.91 per ounce, near its record high of $2,790.41. Gold Futures (Feb): Gained 0.6%, …

The US Dollar Index weakened on Thursday as investors digested recent announcements regarding trade policy. Market focus now shifts to key US economic data, including flash Manufacturing and Services PMIs, Existing Home Sales, and the final Michigan Consumer Sentiment.EUR/USD resumed its uptrend, boosted by a weaker dollar and supported by …

The Bank of Japan (BOJ) is poised to significantly raise its benchmark interest rate, signaling a decisive shift in its monetary policy and marking a crucial step towards economic normalization. This move, widely anticipated by markets, reflects growing confidence in the sustainability of inflation and a strengthening economic recovery.The expected …

US traders are closely monitoring the Federal Reserve’s looming rate decision, despite ongoing headlines about cuts. President Trump has renewed criticism of trade imbalances, sparking market chatter about new tax cuts and oil price demands. Solid US growth between 2.5% and 3.0% supports the Greenback, but policy ambiguities weigh on …

The Euro continued to decline from the opening of morning trading, significantly by European interest rate expectations following increased expectations that the European Central Bank will cut interest rates at its January meeting.Statements from within the European Central Bank on Wednesday increased the likelihood of further interest rate cuts at …

According to National Bank of Canada, while November’s retail sales report was disappointing, with overall goods spending stagnating and volumes declining due to rising prices, a surge in car sales provided a significant boost to spending in the fourth quarter.Car sales are estimated to have grown by 19.1% annualized in …

The Rise of BRICS+: A New Era of Global InfluenceThe recent expansion of BRICS, the economic bloc comprising Brazil, Russia, India, China, and South Africa, marks a pivotal moment in the global economic order. With the addition of Indonesia as a full member and a diverse array of nations joining …