Forex Market

The U.S. economy expanded at an annualized rate of 3.3% in Q2, according to the Bureau of Economic Analysis (BEA), exceeding both the initial estimate of 3% and the market expectation of 3.1%. Revision Details: Upward revisions in investment and consumer spending contributed to the stronger growth. Government spending was …

The U.S. dollar struggled to advance against major currencies on Thursday amid growing bets that the Federal Reserve could reduce interest rates next month. Traders reacted to comments from New York Fed chief John Williams, who signaled a rate cut was possible, and to President Trump’s campaign to replace Fed …

The US Dollar experienced a rollercoaster session on Wednesday, swinging between gains and losses before ultimately surrendering its early advances. This indecisive trading behavior stemmed from persistent worries over the Federal Reserve’s independence and a lack of significant progress in ongoing trade negotiations, leaving investors on edge as the day …

Gold prices edged lower on Wednesday, retreating from a recent two-week peak of $3,394 under pressure from a resurgent US dollar. Despite ongoing political turbulence surrounding efforts to remove a Federal Reserve governor, the precious metal remains supported by broader uncertainties in monetary policy.During the American trading session, gold was …

European Stocks Rebound as Investors Buy the Dip Ahead of Nvidia Earnings Pan-European RecoveryEuropean equities edged higher on Wednesday, rebounding from their largest drop in nearly a month. The STOXX 600 index rose 0.4% by 07:07 GMT, with Germany, Italy, and Spain adding between 0.1% and 0.3%. French Political Risks …

British producer output prices rose 1.9% year-on-year in June, while producer input prices fell 1.0% annually, according to interim data released Wednesday by the Office for National Statistics (ONS). These figures represent preliminary estimates, as the ONS paused regular publication of the Producer Price Index (PPI) in March after identifying …

Gold prices pulled back in Asian trade on Wednesday after earlier climbing to a more than two-week high, as markets weighed renewed concerns over U.S. Federal Reserve independence following President Donald Trump’s attempts to remove Governor Lisa Cook. The yellow metal initially surged on Monday after Trump announced Cook’s immediate …

As global markets brace for a pivotal week, the spotlight is turning toward Australia’s inflation data, set to influence currency movements and investor sentiment. On Tuesday, August 26, 2025, the US Dollar (USD) pulled back from recent gains, dipping toward the 98.00 mark on the US Dollar Index (DXY). This …

On August 26, 2025, President Donald Trump announced his intention to fire Federal Reserve Governor Lisa Cook, citing allegations of mortgage fraud in a move that has sparked intense debate over the independence of the Federal Reserve. This unprecedented action marks the first time a U.S. president has attempted to …

Bank of Canada Governor Tiff Macklem has reaffirmed the institution’s commitment to maintaining its 2% inflation target, signaling that no changes will be considered during the upcoming monetary policy framework review in 2026. This decision comes as global economic conditions grow increasingly complex, particularly due to unpredictable trade policies and …