Forex Market

US Dollar Strengthens as Market Reacts to Trump-Inspired Rally The US Dollar Index (DXY) rebounded on Thursday, November 21, approaching the 107.00 level as yields rose. This surge was fueled by renewed optimism stemming from Trump-related news.Key Economic Data and Fed SpeechesInvestors will be closely watching key economic indicators, including …

The US Dollar Index (DXY) has surged to near 106.70, driven by a combination of factors, primarily the Federal Reserve’s hawkish monetary policy stance and rising US Treasury yields.Fed’s Hawkish ToneFederal Reserve officials have adopted a cautious approach to potential rate cuts, citing persistent inflationary pressures and robust economic data. …

Bank of England Deputy Governor Dave Ramsden expressed confidence in the UK’s inflation trajectory, suggesting that a recent uptick in October’s CPI data is a temporary blip. He believes that inflation will continue to decline, allowing the central bank to maintain its easing monetary policy.Key points from Ramsden’s remarks:Inflation Outlook: …

Federal Reserve Board of Governors member Lisa Cook noted on Wednesday that while she views the overall economic outlook within the US as fairly balanced, the Fed might get forced into a pause on rate cuts if inflation progress slows down while employment remains solid.Key QuotesIf the labour market and …

The GBP/USD pair experienced a sharp decline following the release of hotter-than-expected UK inflation data. This unexpected surge in inflation has heightened expectations of a less accommodative monetary policy stance from the Bank of England.Unless the pair can reclaim the 1.2700 level, the bearish trend is likely to persist. A …

The specter of a Eurozone sovereign debt crisis is once again haunting the continent. A confluence of factors, including elevated debt levels, sluggish growth, and fiscal slippage, has created a perfect storm that threatens to undermine the bloc’s economic stability. The European Central Bank (ECB) has sounded the alarm, highlighting …

European markets regained footing on Wednesday, breaking a three-day losing streak, as technology stocks surged and safe-haven demand eased amidst renewed focus on geopolitical and economic developments. The pan-European STOXX 600 rose 0.5% as of 09:20 GMT, recovering from a three-month low touched on Tuesday. Major indices in Germany, France, …

Oil prices held steady for a second consecutive day on Wednesday as geopolitical tensions from the Ukraine war balanced against signs of stronger crude imports from China and a rise in U.S. crude stockpiles. Brent crude futures for January delivery edged up by $0.11 to trade at $73.42 per barrel …

Inflation in the United Kingdom unexpectedly surged in October, pushing consumer price growth back above the Bank of England’s (BoE) 2% target. The increase in underlying inflation pressures suggests that the central bank may need to tread carefully when considering interest rate cuts. Consumer prices rose by an annual 2.3% …

Gold prices climbed higher on Wednesday, bolstered by increasing safe haven demand as geopolitical tensions between Russia and Ukraine escalated. However, gains in the precious metal were somewhat restrained due to the persistent strength of the U.S. dollar. Spot gold edged up by 0.2% to $2,636.28 an ounce, while December …