Forex Market

On Friday, the USD/JPY fluctuated once again below 149.00 as risk appetite stabilized. To close the trading week, there is selling pressure on the US dollar everywhere. Next week will bring Jackson Hole and national inflation data from Japan.Friday saw a slight decline in USD/JPY, with a morning drop below …

The U.S. dollar remained close to a two-week high against the Japanese yen on Friday, following its most significant one-day gain against major currencies in four weeks. The rally was driven by robust U.S. economic data, which largely dispelled recession fears. The greenback also received a boost from a surge …

Gold prices experienced a minor decline in Asian trade on Friday, as reduced recession concerns tempered the demand for safe-haven assets. Despite this, expectations of interest rate cuts kept gold prices close to record highs. Spot gold fell by 0.1% to $2,453.02 an ounce, while gold futures for December delivery …

The US Dollar experienced a volatile trading session, closing mixed against major currencies. Positive US economic data, including strong employment and retail sales figures, alleviated recession fears and boosted investor sentiment. While other economic indicators were less favorable, they were insufficient to reignite market concerns or impact expectations for a …

US Treasury yields surged on Thursday, buoyed by a surge in market optimism following the release of data highlighting the resilience of the American economy. These positive economic indicators have effectively quelled recent concerns about an impending US recession.Retail sales in the United States experienced a significant uptick in July, …

Gold price retreated from its intraday high of $2,470 after upbeat US Retail Sales data for July. Traders are widely anticipating the Fed will begin reducing interest rates from September. The July US CPI data boosted confidence that price pressures will return to the desired 2% rate. The US Census …

St. Louis Fed President Alberto Musalem has joined a growing chorus of Federal Reserve officials leaning towards a potential interest rate cut at the central bank’s September meeting. In a speech on Thursday, Musalem indicated that the time may be nearing for an adjustment to the benchmark interest rate.The official …

European shares opened higher on Thursday as favorable inflation data reinforced expectations of a U.S. rate cut in September, while a strong earnings report from insurer Admiral added to the positive market sentiment. By 0710 GMT, the pan-European STOXX 600 index had risen 0.2%, approaching a two-week high and marking …

The US dollar weakened again today as continued signs of cooling inflation diminished expectations for further interest rate hikes. The Dollar Index fell to its lowest level in several days as July’s CPI data reinforced the trend of declining inflation.Key economic indicators will be released today in the US, including …

The Consumer Price Index Report for July represented the awaited last obstacle to be overcome before the Federal Reserve cuts interest rates in September, just before their most recent meeting. Though even if the CPI figure is on the strong side, weaker-than-expected labour-market data since then indicates a drop is …