Forex Market

Gold prices steadied in Asian trade on Monday as traders awaited more cues on U.S. interest rates from upcoming Federal Reserve speakers this week, while expectations of a November rate cut remained in focus. In the industrial metals market, copper prices dipped due to underwhelming signals on fiscal stimulus from …

Global financial markets closed the week ending on Friday, October 11, with risk assets advancing over safe haven assets after US inflation data that highlighted a decline in price growth that would weigh heavily on interest rate cuts in the coming period. Markets are also awaiting developments in monetary policy …

The second week of October trading began with optimism in North American equity markets despite increased Middle East tensions, ongoing war in Ukraine, a stronger than expected American economy, and weaker than expected numbers from China. China: The National Development & Reform Commission (NDRC), China’s state planner, stated that the …

The USD/JPY pair is currently trading within a narrow range of 148.00 to 149.50, indicating a period of consolidation. While there is a slight upward bias, the pair has not yet broken out of this range. From a technical perspective, the momentum is currently bullish, but the Relative Strength Index …

The S&P 500 and the Dow Jones Industrial Average reached new all-time highs on Friday, driven by a confluence of factors, including strong financial sector earnings, expectations of a Federal Reserve interest rate cut, and a generally positive economic outlook. Strong Bank Earnings: JPMorgan Chase and Wells Fargo: These two …

Dollar Remains Resilient Amidst Mixed Economic SignalsThe US Dollar continued to exhibit remarkable strength on Friday, even as mixed economic data emerged. While the Producer Price Index (PPI) for September came in slightly hotter than anticipated, suggesting persistent inflationary pressures, the preliminary reading of the University of Michigan Consumer Sentiment …

Gold (XAU/USD) extends its rally, trading in the $2,650s on Friday, after the release the the preliminary Michigan Consumer Sentiment Index showed a slide in sentiment in October. The Michigan Consumer Sentiment Index fell to 68.9 in October from 70.1 in the previous month and was below estimates of 70.8, …

European stock markets traded slightly lower on Friday, as investors digested disappointing British growth data while awaiting key U.S. bank earnings and an anticipated fiscal policy briefing from China. As of 03:10 ET (07:10 GMT), Germany’s DAX index fell 0.1%, France’s CAC 40 dropped 0.1%, and the FTSE 100 in …

Gold prices continued to rise in Asian trade on Friday, building on overnight gains as stronger-than-expected U.S. inflation data was balanced by weaker labor market figures. This dynamic helped boost broader metal markets, with copper and other industrial metals benefiting from the softer dollar and anticipation of fiscal stimulus cues …

The U.S. dollar retreated from its recent two-month highs against major currencies on Friday, as signs of weakness in the labor market increased the likelihood of quicker Federal Reserve rate cuts. Despite this dip, the dollar is set to post its second consecutive weekly gain, bolstered by strong payroll figures …