Forex Market

Late on Thursday, European Central Bank Vice President Luis de Guindos gave reporters his assessment of the ECB’s probable decision to lower interest rates by the second half of the year.Key Quotesde Guindos sees the European economy picking up in the second half of the year.The ECB should have sufficient …

US Treasury yields jump as inflation report cools expectations for immediate Fed rate cuts. February’s Retail Sales rebound highlights consumer spending strength despite falling short of forecasts.Producer Price Index (PPI) data and lower-than-expected jobless claims reinforce views of strong economic activity.US Treasury yields made a significant leap on Thursday, a …

The Pound Sterling fell against the US Dollar in early New York due to hot US Producer Price Index data for February, which dampened the appeal of risk-sensitive assets. The GBP/USD pair dropped as investors’ risk appetite eased on the expectation that the US PPI would reinforce fears that the …

The EUR/USD pair has fallen to the lower 1.0900s following the release of US macroeconomic data, which indicates continued inflationary pressures in the economy. The pair is trading at 1.0902, down 0.42% at the time of writing.EUR/USD Reacts to Economic DataFactory gate prices rose more than expected in February, while …

European markets experienced a notable upswing yesterday, reaching their highest levels in over a week. This occurred as financial markets adopted a more measured approach toward recent geopolitical events. Additionally, investors were contemplating the possibility of a stimulus plan in China and a subtle shift in tone from Fed policymakers …

The latest data from the US Bureau of Labor Statistics revealed that the Producer Price Index (PPI) for final demand in the United States surged by 1.6% on a yearly basis in February. This figure surpassed market expectations of a 1.1% increase and marked a notable uptick from the 1% …

European stocks opened on a positive note on Thursday, buoyed by upbeat corporate reports, although investor sentiment remained cautious ahead of crucial economic data releases from the United States. The European STOXX 600 index, a barometer of regional market performance, edged 0.2 percent higher by 08:11 GMT, lingering near its …

The Nikkei index in Japan closed higher on Thursday, rebounding from early losses as chip-related heavyweight stocks trimmed declines and energy stocks gained momentum. Market Performance The Nikkei closed up 0.29 percent at 38,807.38 points after enduring three consecutive sessions of losses. The index had initially fallen by as much …

Gold prices experienced a slight decline on Thursday as the dollar strengthened, although bullion remained near record highs. Traders were eagerly awaiting more US economic data, which could influence expectations regarding a potential mid-year interest rate cut. Price Movements By 0426 GMT, gold in spot transactions fell by 0.2 percent …

After Tuesday’s abrupt decline, gold prices soon resumed their upward trajectory, on Wednesday, with the immediate goal being the all-time high, which is located little below $2,200 per ounce. Gold closed the North American session at $2175.60 per ounce.The US weekly crude oil and petrol stockpiles unexpectedly declined, and rising …