Forex Market

Michelle W. Bowman, a member of the Federal Reserve Board of Governors, issued a warning, stating that there is a serious chance that inflation may stay high for a lot longer than most people think. Fed Board member Bowman gave a lecture at the Massachusetts Bankers Association Annual Convention in …

President of the Federal Reserve Bank of Chicago Austan Goolsbee commented, Friday, on the labour market data for April, saying that it is good, with 175,000 new jobs created.Following these remarks, the US Dollar Index bounced back from daily lows and was last noted down 0.25% at 105.06.Nonfarm Payrolls in …

The latest report from the US Bureau of Labor Statistics (BLS) revealed that Nonfarm Payrolls (NFP) in the US increased by 175,000 in April. This figure marks a slight slowdown compared to the revised increase of 315,000 (originally reported as 303,000) recorded in March and fell short of the market’s …

Official data released on Friday revealed that annual consumer price inflation in Turkey surged to 69.8 percent in April, marking the highest level since late 2022. This figure, while slightly below expectations, was primarily driven by significant increases in education, restaurant, and hotel prices. According to the Turkish Statistical Institute, …

European stocks opened higher on Friday amid a state of joy among investors with a group of strong results from French banks, including Société Générale and Credit Agricole, while the technology sector received support thanks to strong results announced by Apple in addition to an unprecedented share buyback. The European …

The yen is poised to achieve its most impressive weekly performance in over a year on Friday, propelled by suspected intervention from Tokyo earlier in the week to prevent the Japanese currency from reaching its lowest levels in 34 years. This move has led to a general decline in the …

Gold prices are heading to decline for the second week in a row, despite the stability of prices on Friday, as investors await non-farm payrolls data in the United States, which may provide indications of the position that the Federal Reserve (the US central bank) will adopt regarding monetary policy. …

Today marks the eagerly anticipated release of the most crucial US employment data, the Non-Farm Payrolls (NFP) report, promising insights into the economic landscape of the United States. Anticipation looms large as expectations lean towards a notable deceleration in job growth, counterbalanced by a projected stability in the unemployment rate …

The US dollar was not able to sustain the initial optimism and suffered additional selling pressure amidst renewed strength in the yen and steady prudence ahead of the release of US Nonfarm Payrolls on Friday. The USD Index navigated the area of three-week lows around 105.50. What to watch on …

The US Dollar Index, or DXY, was trading slightly higher at 105.80 earlier on Thursday. Despite cautious words made by Fed Chair Jerome Powell regarding inflation and its unclear future trajectory, the dollar saw a brief upward momentum. Weekly Jobless Claims data appear to be helping the dollar, which is …