Forex Market

Official data released on Friday revealed that annual consumer price inflation in Turkey surged to 69.8 percent in April, marking the highest level since late 2022. This figure, while slightly below expectations, was primarily driven by significant increases in education, restaurant, and hotel prices. According to the Turkish Statistical Institute, …

European stocks opened higher on Friday amid a state of joy among investors with a group of strong results from French banks, including Société Générale and Credit Agricole, while the technology sector received support thanks to strong results announced by Apple in addition to an unprecedented share buyback. The European …

The yen is poised to achieve its most impressive weekly performance in over a year on Friday, propelled by suspected intervention from Tokyo earlier in the week to prevent the Japanese currency from reaching its lowest levels in 34 years. This move has led to a general decline in the …

Gold prices are heading to decline for the second week in a row, despite the stability of prices on Friday, as investors await non-farm payrolls data in the United States, which may provide indications of the position that the Federal Reserve (the US central bank) will adopt regarding monetary policy. …

Today marks the eagerly anticipated release of the most crucial US employment data, the Non-Farm Payrolls (NFP) report, promising insights into the economic landscape of the United States. Anticipation looms large as expectations lean towards a notable deceleration in job growth, counterbalanced by a projected stability in the unemployment rate …

The US dollar was not able to sustain the initial optimism and suffered additional selling pressure amidst renewed strength in the yen and steady prudence ahead of the release of US Nonfarm Payrolls on Friday. The USD Index navigated the area of three-week lows around 105.50. What to watch on …

The US Dollar Index, or DXY, was trading slightly higher at 105.80 earlier on Thursday. Despite cautious words made by Fed Chair Jerome Powell regarding inflation and its unclear future trajectory, the dollar saw a brief upward momentum. Weekly Jobless Claims data appear to be helping the dollar, which is …

The number of Americans filing new unemployment benefits remained low last week, indicating a tight labour market that should continue to support the economy in the second quarter. However, economists dismissed data from the Labour Department showing growth in worker productivity almost stalled in Q1, arguing that the trend in …

Oil prices rebounded on Thursday after three consecutive days of losses that brought prices to their lowest levels since mid-March. Brent crude futures for July rose by 79 cents, or 0.95%, to reach $84.23 a barrel by 0959 GMT. Meanwhile, U.S. West Texas Intermediate (WTI) crude for June climbed by …

European shares started on a subdued note on Thursday as investors resumed trading after a mid-week holiday to analyze a flurry of significant earnings reports and the Federal Reserve’s indication of a delay in interest rate cuts. The pan-European STOXX 600 edged down by 0.2% as of 0715 GMT, following …