Forex Market

Federal Reserve officials have indicated that recent spikes in gas prices are unlikely to cause lasting inflationary pressure. While consumers may feel the pinch at the pump, the central bank expects these price jumps to be temporary and not derail overall economic stability.The Fed highlighted that short-term fluctuations in energy …

The U.S. dollar edged lower on Friday but remained on track for solid weekly gains as escalating conflict in the Middle East boosted demand for safe-haven assets. By 04:10 ET (09:10 GMT), the U.S. Dollar Index, which measures the greenback against a basket of six major currencies, slipped 0.2% to …

Gold prices edged higher in Asian trading on Friday, but the precious metal remained on track for a weekly decline as a stronger U.S. dollar and rising Treasury yields offset safe-haven demand driven by escalating tensions in the Middle East. By 01:29 ET (06:29 GMT), spot gold rose 0.8% to …

Gold slid to $5,075 per ounce on Thursday, erasing recent gains as the US Dollar gained strength. Investors turned to the Greenback following solid US jobs data and rising Treasury yields, which overshadowed geopolitical concerns in the Middle East.US Jobs Data Boosts Dollar, Pressures GoldThe latest US labor reports showed …

The British Pound weakened on Thursday, trading near 1.333 USD against the US Dollar, down about 0.31% on the day. Markets are cautious as rising gas prices and persistent inflation in the UK make further Bank of England rate cuts less likely this year.The Pound has been trending lower in …

As the US-Iran conflict entered its sixth day on March 5, 2026, the European Central Bank (ECB) is closely monitoring the potential economic fallout on the Eurozone. While direct exposure of European banks to Iran remains limited, indirect risks from rising energy prices and slowing growth pose a significant threat. …

The nomination of Kevin Warsh as the next chair of the Federal Reserve could signal a dramatic shift in the U.S. central bank’s approach to interest rates, even amid rising global oil prices triggered by the conflict in Iran. If confirmed by the Senate, Warsh would replace Jerome Powell when …

The latest report from the United States Department of Labor reveals that initial jobless claims remained stable at 213,000 for the week ending February 28, slightly below expectations of 215,000. This figure matches the previous week’s revised number, signaling a consistent trend in new unemployment filings.Meanwhile, the four-week moving average …

February US payrolls indicate a continued stabilization in the labor market, supporting expectations that the Federal Reserve will maintain its current interest rate stance. Nonfarm payrolls (NFP) are estimated to have slowed to 60,000 new jobs in February, down from January’s unexpectedly strong gain of 130,000. Private sector jobs contribute …

Gold prices traded largely flat on Thursday, giving up earlier gains as the U.S. dollar rebounded, while ongoing conflict in the Middle East continued to support safe-haven demand for the precious metal. By 01:31 ET (06:31 GMT), spot gold was little changed at $5,142.98 per ounce, after climbing nearly 1% …