Forex Market

The Australian dollar (AUD/USD) has risen over 0.54% against the US dollar, reaching 0.6449, driven by gains in Wall Street and a flat US Dollar. The Australian Manufacturing PMI, which rose to 49.9 in April, indicates expansion. The US Economic Data Center (CFNAI) also showed a rise in March, with …

The GBP/USD pair is on the defensive near 1.2350 during the early Asian session, with the USD Index consolidating gains above 106.10 as traders await preliminary S&P Global Purchasing Managers Index (PMI) data from the US and UK for April. Fed policymakers agree that inflation in the US is slow …

Easing geopolitical threats and a rising US dollar cause gold to retreat substantially from recent highs. Gold is -2.75% down; trading at $2326.10 per ounce at the time of writing. Gold prices are under pressure because Fed members, particularly Chairman Powell, have a hawkish view on interest rates. As expectations …

As data-driven markets wait for the US PMI reading, the Canadian dollar finds space on the upper side. Up to Wednesday’s CAD Retail Sales, there is still insufficient data for Canada. US PMIs on Tuesday are predicted to indicate a modest increase in activity.On Monday, the Canadian dollar saw a …

The Euro’s recovery stalls below 1.0700, and remains dangerously close to the 1.0610 low. A combination of the Fed’s “higher for longer” with hopes of ECB easing is weighing on the Euro.This week the US GDP and PCE Prices Index figures might give a fresh boost to the US dollar. …

On Monday, the dollar stabilized against both the euro and the yen following a week marked by significant fluctuations in currency markets. Traders were closely analyzing the impact of monetary policy developments and geopolitical events. Attention is particularly focused on the yen’s position ahead of the Bank of Japan’s scheduled …

On Monday, gold prices experienced a decline of more than 1 percent as concerns about an escalating conflict in the Middle East eased, leading to reduced demand for safe-haven assets. Traders were also awaiting key inflation data in the United States later in the week for insights into potential changes …

European stocks opened higher on Monday as investors awaited the earnings reports of several major banks. Notably, shares of Portuguese company GALP surged to their highest level in 16 years following positive results from gas exploration in Namibia. As of 0716 GMT, the European STOXX 600 index had risen by …

Oil prices experienced a decline on Monday, influenced by a renewed focus on market fundamentals, as Israel and Iran downplayed the potential escalation of hostilities in the Middle East following a limited Israeli strike on Iran. Brent crude futures dipped by 67 cents, or 0.77 percent, to $86.62 per barrel …

Over the last six months, financial market liquidity has played a major role in supporting credit and equities prices in spite of large fluctuations in Fed forecasts. But with April’s tax deadline drawing near, the liquidity situation is becoming less clear, which might cause uncertainty and increased volatility in the …