Forex Market

The EUR/USD pair took a hit on Thursday, July 24, 2025, sliding over 0.20% to hover around 1.1749 after peaking at 1.1789. Robust US economic data overshadowed the European Central Bank’s (ECB) decision to hold interest rates steady, tilting the balance in favor of the dollar. The euro, which gained …

European stock markets closed higher on Thursday, July 24, 2025, buoyed by the European Central Bank’s (ECB) decision to maintain interest rates and growing optimism over a potential US-EU trade deal that could ease punitive tariffs, particularly on steel. The pan-European STOXX 600 index gained 0.24%, marking its second consecutive …

Gold prices took a hit on Thursday, July 24, 2025, sliding over 0.50% during the North American session as strong US labor market data overshadowed weakening manufacturing activity and lingering trade concerns. Trading at $3,373 after peaking at $3,393, the XAU/USD pair reflected a tug-of-war between bullish safe-haven demand and …

On Thursday, July 24, 2025, the US Dollar found its footing after a turbulent midweek drop, bolstered by renewed optimism in global trade and heightened anticipation surrounding US President Donald Trump’s visit to the Federal Reserve. The US Dollar Index (DXY), which measures the Greenback against a basket of six …

The European Central Bank (ECB) has solidified expectations of a pause in interest rate cuts until at least year-end, boosting the euro and bond yields on Thursday, July 24, 2025. After maintaining rates at 2% following eight reductions over the past year, ECB President Christine Lagarde delivered an optimistic economic …

The Canadian Dollar (CAD) weakened against the US Dollar (USD) on Thursday, July 24, 2025, ending a four-day decline as the USD/CAD pair steadied above the 1.3600 mark. This shift was driven by disappointing Canadian retail figures and a mixed bag of US economic data, which bolstered the US Dollar …

The European Central Bank (ECB) decided to keep interest rates on hold on Thursday, pausing after seven consecutive cuts. Policymakers are taking a cautious stance as they await more clarity on the ongoing trade negotiations between the European Union (EU) and the United States, especially as the August 1 tariff …

Composite PMI Falls Below Expectations Amid Trade, Tax, and Wage Pressures The UK economy is facing early signs of stagnation as July’s flash Purchasing Managers’ Index (PMI) data revealed a decline in business activity at the start of the third quarter of 2025. The composite PMI dropped to 51.0 in …

July Data Shows Limited Growth in France’s Private Sector, Reflecting Weak Demand and Business Confidence France’s private sector activity continued to contract in July, marking the 11th consecutive month of shrinkage, according to the latest S&P Global data. This prolonged downturn highlights the persistent challenges facing the eurozone’s second-largest economy, …

Gold prices dipped on Thursday, continuing a downward trend following recent highs, as a U.S.-Japan trade deal and strong earnings from tech companies boosted risk appetite, reducing demand for safe-haven assets like gold. Market Overview: Spot gold dropped 0.3% to $3,378.93 an ounce. Gold futures fell 0.4% to $3,384.60/oz. Despite …