Forex Market

The dollar was broadly stable on Wednesday, keeping the yen close to its lowest levels in 34 years, after comments from Federal Reserve officials, including Chairman Jerome Powell, indicated that interest rates would likely remain high for a longer period. Senior US central bank officials, including Powell, on Tuesday declined …

Oil prices experienced a slight decline in Asian trading on Wednesday, driven by indications of a significant weekly increase in U.S. inventories, signaling less constrained markets. However, concerns persisted regarding Israel’s potential response to an attack by Iran. The recent surge in crude prices over the past two weeks, fueled …

Andrew Bailey, the governor of the Bank of England, has intimated that because the inflation dynamics of the two economies differ, the UK may be able to cut interest rates before the US. After unexpectedly strong price data in America this week rattled markets, Bailey said there is more demand-led …

Gold prices have risen following Fed Chair Jerome Powell’s hawkish comments and mixed US data. The Middle East tensions have heightened Gold’s status as a safe-haven asset, and market expectations reduce the likelihood of multiple Fed rate cuts this year. Gold prices edged higher late in Tuesday’s North American session, …

The US economy is expanding rapidly, yet inflation is still there. In the meantime, the Federal Reserve conveys, via Chair Jerome Powell, conflicting messages: while the US central bank supports market-led tightening through higher rates, it is not a big fan of immediate rate cuts. Economic DataOn the data front; …

The Federal Reserve Chair Jerome Powell stated on Tuesday that the US central bank is unlikely to lower interest rates at its next policy meeting, which is just two weeks away, due to the US economy’s continued strength and a “lack of progress” on inflation. Powell stated during a moderated …

Tuesday is a big earnings day, with results from Bank of America and Morgan Stanley. Investors will also be watching for clues regarding the possibility of rate cuts in remarks that Federal Reserve Chair Jerome Powell is expected to make. Bond yields were little higher on Tuesday, and equities fluctuated …

As the latest major lender to suffer the pinch of higher for longer interest rates, Bank of America reported an 18% decline in first-quarter profit. With the exception of a one-time charge, the results exceeded expectations, mostly due to the bank’s Wall Street and wealth-management units demonstrating good performance. The …

USD/JPY has gained following the stronger than expected US retail data and neutral to hawkish comments by US Federal Reserve officials. The Dollar trades at 154.61, 0.22% above its opening price. US housing indicators, such as Building Permits and Housing Starts, have underperformed, suggesting a construction sector slowdown. However, US …

European stock indices dipped to their lowest levels in nearly six weeks on Tuesday as traders veered away from high-risk assets amidst escalating geopolitical tensions in the Middle East. Meanwhile, Ericsson shares soared to the pinnacle of the main index following encouraging business results. As of 0718 GMT, the European …