Forex Market

Before Friday’s release of PCE data, the USD Index (DXY) had already fallen to multi-day lows due to depressing GDP readings and higher inflation prints. This continued downward bias harmed the US Dollar. With rising yields and a prevailing appetite for risk, the USD Index (DXY) returned to the mid-105.00s. …

The Eurozone’s recovery from the recent downturn is largely due to the growth of the service sector, which has seen job creation accelerate. However, the region faces challenges in meeting the European Central Bank’s 2% target due to persistently high service prices driven by wages. The EU’s decision to stop …

March is likely to see the Fed’s Personal Consumption Expenditures (PCE) index stay stubbornly high, since inflation has exceeded forecasts in every month this year but one. This further complicates forecasting. Fed officials have stated that before the central bank lowers interest rates, they need further assurance that inflation is …

US Treasury yields continued to rise since the beginning of daily trading on Thursday, with a boost from inflation readings that highlighted the continued rise in consumer prices in the United States.The reading of the Personal Consumption Expenditures Price Index (QoQ)(Q1), which is one of the links in a series …

The US Q1 GDP shows a slower growth rate of 1.6% YoY. Positively, there is a solid weekly trend in jobless claims. The short-term direction of DXY will be determined by Friday’s PCE data for March. After its lengthy surge in April, the US Dollar Index (DXY) is seen trading …

Gold price has maintained intraday gains above $2,300 amid higher US Q1 GDP inflation. Gold is trading at $2330.36 per ounce at the time of writing, with gains surpassing +0.65%.The Fed will maintain the “higher for longer” interest rates argument, and the easing of tensions in the Middle East has …

Gold prices rose on Thursday with a decline in the dollar, while investors focused on US economic data for clues on the path the Federal Reserve (US central bank) will take regarding interest rates. Gold in spot transactions increased 0.3 percent to $2,324.10 per ounce by 0752 GMT. But US …

Oil prices saw little change on Thursday amid a decline in fuel demand in the United States, the world’s largest oil consumer, coupled with concerns over a potential escalation of conflict in the Middle East. Brent crude futures edged up nine cents to $88.11 a barrel by 0420 GMT, following …

European stocks fell on Thursday after mixed earnings from major companies such as Nestle and Deutsche Bank. The European STOXX 600 index fell 0.24 percent by 0745 GMT, affected by losses in the food, beverages and industrial goods sectors. Technology stocks were under pressure after disappointing revenue expectations from the …

Gold prices experienced a decline on Thursday as investors opted to take profits following a sustained uptrend in the precious metal. Additionally, pressure from investment institutions seeking to raise liquidity contributed to the downward movement. Attention shifted towards data on the US economy to gauge indications of the Federal Reserve’s …