Forex Market

Following the FOMC, the US Dollar Index (DXY) returned to the 100.50 zone while retaining its gloomy outlook. Harker of the Fed isn’t scheduled to talk until the end of the week. As selling pressure on the US dollar increased, the EUR/USD strengthened its gain from Wednesday and returned to …

WTI futures were trading at $70.98 per barrel. WTI prices are lower by 3.35% so far this year. In the past 24 hours, Brent futures have increased by 1.95% to trade at $74.11/bbl. Brent prices have dropped by 6.26% so far this year. Although prices for West Texas Intermediate have …

The USD/CAD pair is trading down on Friday morning in the Asian session, at 1.3560. The USD is still being hurt by predictions that the Fed may lower rates again this year. The commodity-linked Loonie is supported by rising crude oil prices. During Friday’s early Asian session, the USD/CAD pair …

The Dow Jones Industrial Average (DJIA) continued its remarkable ascent, reaching yet another all-time high on Thursday. This surge, driven by the Federal Reserve’s (Fed) recent interest rate cut and robust economic indicators, underscores the prevailing bullish sentiment in the market. The Fed’s decision to lower interest rates by 50 …

The EUR/USD currency pair experienced a volatile trading session on Thursday, with the euro initially gaining ground against the US dollar before surrendering much of its intraday gains. The market’s reaction was primarily driven by the Federal Reserve’s (Fed) aggressive interest rate cut and diverging expectations regarding the European Central …

The Bank of England (BoE) has maintained interest rates at 5% following a split decision within its Monetary Policy Committee (MPC). Despite inflationary pressures easing, the MPC opted to hold rates steady, signaling a cautious approach to monetary policy.The decision has had a significant impact on the pound sterling, which …

The German economy could shrink again in the third quarter of 2024, as it continues to grapple with an industrial recession, weak investment, and cautious consumer spending, according to a monthly economic report from the Bundesbank released on Thursday. Germany, the largest economy in the eurozone, has already experienced negative …

Global markets reacted strongly following the Federal Reserve’s aggressive interest rate cut of 50 basis points, setting the stage for a measured easing cycle. The move is widely seen as an attempt to guide the U.S. economy toward a soft landing after months of elevated inflation and economic uncertainty. U.S. …

European stock markets saw strong gains on Thursday, buoyed by the Federal Reserve’s aggressive rate cut and investor anticipation ahead of the Bank of England’s (BoE) policy decision. Germany’s DAX was up 0.9%,France’s CAC 40 rose 1.4%, andThe UK’s FTSE 100 climbed 0.9% as of 03:05 ET (07:05 GMT). Fed’s …

Oil prices remained relatively unchanged on Thursday, with Brent crude futures edging up by 8 cents to $73.73 a barrel, while WTI crude futures slipped by 3 cents to $70.88 a barrel as of 0015 GMT. The market’s reaction to the Federal Reserve’s half-percentage-point rate cut was muted, with concerns …