Forex Market

Oil prices held steady on Friday as investors weighed the latest remarks from the U.S. Federal Reserve regarding interest rates amid persistent inflation, while signs of robust seasonal U.S. fuel demand provided support. Brent crude futures edged up 5 cents to $81.41 a barrel by 0640 GMT, while U.S. West …

European stock markets declined on Friday, mirroring the global negative sentiment driven by worries over sustained high interest rates and their potential impact on economic activity. Market Performance At 03:10 ET (07:10 GMT), the DAX index in Germany traded 0.9% lower, the CAC 40 in France fell 0.6%, and the …

Gold Prices Steady in Asian Trade Gold prices steadied in Asian trade on Friday, but the yellow metal was nursing steep weekly declines due to persistent concerns over prolonged high U.S. interest rates. Spot gold rose 0.2% to $2,332.77 an ounce, while gold futures for June delivery fell 0.1% to …

US stocks are under pressure to decline as a result of the negative mood that pervaded the markets on Thursday after the most recent US data releases and the ongoing effects of the FOMC minutes from Wednesday, which included a strong recommendation for the central bank to keep raising interest …

The US Dollar (USD) surged to multi-day highs due to reduced expectations of a rate cut in September, positive data from US business activity in May, and a hawkish stance from the Federal Open Market Committee (FOMC).Currency Pairs: EUR/USD: Experienced its fourth consecutive session of losses, testing the 1.0800 support. …

With the release of US Purchasing Manager Index (PMI) data, the XAU/USD Index is at a key juncture, threatening to fall below a significant trendline. According to the most recent figures, the US manufacturing and services sectors both experienced greater growth in May than anticipated. At the time of writing, …

The US dollar has been on the rise since the start of US trading on Thursday, fueled by signals from the Federal Reserve’s previous meeting. Additionally, weekly jobless claims continue to decline.The dollar index, which measures the performance of the US currency against major currencies, reached 104.97 points compared to …

The U.S. dollar handed back some of the previous session’s gains on Thursday but remained near a one-week high following the release of hawkish minutes from the last Federal Reserve meeting. The minutes suggested that U.S. interest rates could remain elevated for an extended period. As of 04:20 ET (08:20 …

Gold prices experienced extended losses in Asian trade on Thursday, further retreating from recent record highs as renewed worries about high interest rates and diminished safe haven demand weighed on the yellow metal. Industrial Metals Follow Suit Industrial metals, including copper, also faced losses, with copper prices sharply declining from …

European stocks edged higher on Thursday following upbeat forecasts from AI giant Nvidia, boosting global chipmakers. Investors awaited the latest business surveys to assess the euro zone economy’s outlook and interest rate trajectory. The pan-European STOXX 600 index rose 0.2%, with the tech index leading sectoral gains with a 1.2% …