Forex Market

The AUD/USD pair has seen a surge in value as markets continue to anticipate the Federal Reserve cutting interest rates possibly in June. However, the Reserve Bank of Australia is striking a more hawkish tone, suggesting that rates may even need to rise. The pair is 0.40% up, trading at …

With the impending announcement of its Operational Framework Review, the European Central Bank (ECB) is approaching a pivotal point in its history. The guidelines guiding the ECB’s future liquidity injections into the commercial banking sector will be decided upon after this review. The framework is extremely important because it determines …

Gold price (XAU/USD) trades slightly in the green in Wednesday’s early New York session but has an uncertain outlook in the near term as investors have scaled down expectations of Federal Reserve rate cuts in June. The precious metal recorded its second-largest single-day decline in a month on Tuesday after …

European shares surged to new record highs on Wednesday, buoyed by gains in retail and utility stocks following upbeat corporate announcements. As investors eagerly awaited industrial production data from the region, the pan-European STOXX 600 index rose by 0.1% by 9:13 GMT, building on the momentum from Tuesday’s record-high close. …

In Wednesday’s trading session, Japan’s Nikkei index extended its losses for the third consecutive day, reflecting investors’ cautious stance as they evaluated the potential implications of the Bank of Japan’s forthcoming monetary policy meeting, on March 18-19. Nikkei’s Decline: The Nikkei index experienced a modest decline of 0.26 percent, closing …

After US inflation data came in higher than anticipated, the dollar maintained its good start to the week, supporting investors’ further repricing of a Federal Reserve rate cut in June.As confidence in the Fed’s summer easing cycle increased, the USD Index recovered the territory above the 103.00 mark. A light …

François Villeroy de Galhau, the governor of the Bank of France and an ex officio member of the European Central Bank, emphasised on Tuesday that the ECB’s pragmatism about rate decreases is independent of Federal Reserve policy.Villeroy’s remarks follow the Bank of France’s revision of its first-quarter growth estimate for …

The CPI report’s inflation data reveals greater price growth in February, indicating that the road to more reasonable consumer price increases following a pandemic-induced jump may remain rough. According to the Labour Department’s consumer price index, overall prices increased 3.2% over the previous year, slightly higher than 3.1% in January. …

The US Bureau of Labour Statistics (BLS) stated on Tuesday that inflation, as measured by the change in the Consumer Price Index (CPI), increased to 3.2% on an annual basis in February from 3.1% in January. Annual Core CPI, which excludes volatile food and energy costs, rose 3.8% during the …

Correction and Profit-Taking Processes Drive Sterling Lower In the European market on Tuesday, the pound sterling faced downward pressure against a basket of global currencies, extending losses for the second consecutive day against the US dollar. This decline comes as the pound moves away from its eight-month high, driven by …