Forex Market

Gold prices saw a slight decline in Asian trade on Friday, though they remained close to record highs as investors awaited crucial U.S. inflation data that could provide further insight into the Federal Reserve’s interest rate outlook. Gold Prices Hold Strong Despite Slight Dip Spot gold edged down by 0.3% …

The US Dollar continued its upward trajectory, boosted by higher interest rates and stronger-than-expected economic indicators. This surge was particularly pronounced ahead of the release of crucial Personal Consumption Expenditure (PCE) inflation data on Friday.Economic Data:Initial jobless claims fell to 231,000 for the week ending August 25, compared to the …

Gold prices have been on a steady ascent, buoyed by the anticipation of a potential Federal Reserve rate cut. Despite strong US economic data, the market remains optimistic about a policy shift that could benefit gold. The Economic ContextThe recent upward trajectory of gold prices is a testament to the …

The US dollar continued its upward trajectory following the opening of Wall Street trading on Thursday, buoyed by positive economic data on growth and employment in the United States.The dollar index, which measures the performance of the greenback against a basket of six major currencies, rose to 101.31 points compared …

The US Personal Consumption Expenditure (PCE) Price Index, a key inflation gauge for the Federal Reserve, presented a mixed picture in June 2024.Headline PCE Eases, Core PCE Holds Steady:The headline PCE inflation rate, which includes both food and energy prices, came in slightly lower than expected for the second consecutive …

The USD/JPY pair recovered and is trading 0.44%, at 145.21 at the time of writing. Earlier on Thursday’s trading, the pair remains confined below the crucial resistance level of 145.00, reflecting a cautious stance from investors ahead of the highly anticipated US Personal Consumption Expenditure (PCE) inflation report for July. …

European shares edged up slightly on Thursday, driven by gains in media and technology stocks, which helped the market buck a global downtrend following underwhelming results from Nvidia. STOXX 600 Index Rises Amid Mixed Sector Performance The pan-European STOXX 600 index gained 0.2% by 0712 GMT, buoyed by a 0.5% …

Federal Reserve Bank of Atlanta President Bostic has stated that inflation still has further to fall. He emphasized the need for the central bank to wait for additional data before considering interest rate cuts.Bostic expressed confidence in the solid state of employment, despite the historical context. He stressed the importance …

The Euro has faced a tumultuous week, with its value against the US Dollar fluctuating significantly. This volatility can be attributed to a confluence of factors, including the European Central Bank’s (ECB) monetary policy stance, economic indicators, and market sentiment. The EUR/USD pair is trading at 1.1128 at the time …

The US Dollar struggled to maintain its upward momentum on Tuesday, as market participants adopted a cautious stance ahead of crucial economic data releases later in the week. The British Pound emerged as a standout performer, benefiting from the Bank of England’s persistent hawkish stance.Key Economic Events for Wednesday, August …