Forex Market

Expectations that rate reductions will accelerate after October might weaken the euro and the yields on government bonds. For the final two ECB meetings in 2024, the Eurozone money markets are pricing in 51 basis points of rate reductions. On October 17, investors are placing more and more bets that …

Raphael Bostic, the President of the Federal Reserve Bank of Atlanta, believes that the Fed should be prepared to make larger interest rate cuts if the job market weakens. He reassured markets that his business contacts don’t anticipate layoffs, but this statement seems out of place given the recent ISM …

The US Dollar experienced a significant rally following escalating tensions in the Middle East and comments from Federal Reserve Chairman Powell suggesting a less dovish stance on interest rates. The US Dollar Index reached a seven-day high as investors sought safe havens amid geopolitical uncertainty.Key factors driving the US Dollar’s …

U.S. stock futures saw a mixed start on Tuesday as investors digested recent comments from Federal Reserve Chair Jerome Powell and braced for a busy week of key economic data releases. Market Snapshot: Dow Futures: Down 145 points (-0.3%)S&P 500 Futures: Down 6 points (-0.1%)Nasdaq 100 Futures: Up 20 points …

For the first time since mid-2021, euro zone inflation dipped below 2% in September, reinforcing expectations that the European Central Bank (ECB) could implement another rate cut this month as its efforts to control price growth appear to be nearing success. Key Inflation Figures: Headline Inflation: Inflation in the 20 …

Oil prices remained relatively unchanged on Tuesday as prospects of stronger supply and sluggish global demand growth balanced concerns over potential disruptions from escalating tensions in the Middle East. Key Price Movements: Brent Crude: December delivery edged up 13 cents (0.18%) to $71.83 a barrel as of 0615 GMT.West Texas …

For the second day in a row, the price of gold declines as month-end flows favor the US dollar despite declining US Treasury yields. However, September is expected to be the strongest month for the golden metal since March 2024, when prices increased by more than 9%. Monthly gains of …

The USD/JPY pair has been rising since the start of the American trading session in the currency market, driven by the increase in US Treasury yields. This is due to the positive relationship between the pair and the yields on these government bonds, highlighting the weakness of the Japanese yen.US …

Fed Chair Jerome Powell reiterated that inflation has been broadly defeated and that recent data indicate further progress toward a sustained return to 2% core goods prices have fallen a half percent over the past year, close to their pre-pandemic pace, as supply bottlenecks have eased outside of housing services. …

The recent surge in gold prices, culminating in a record high of $2,685 last week, is now encountering headwinds. A combination of factors, including a rally in Chinese equities and a more optimistic outlook for the Chinese property market, has diverted investor attention away from the precious metal despite its …