Forex Market

The Bank of Canada is expected to maintain a 5% interest rate at its upcoming meeting, with a possible first rate cut in June. This approach will allow the Bank to monitor GDP figures and their impact on the interest rate’s outlook, as economic analysts believe the Canadian economy is …

Fed Chair Jerome Powell is expected to reiterate his stance that interest rate cuts are not necessary right now, particularly in light of recent inflation-linked data that indicated price pressures are still persisting.The Fed will release its Beige Book poll, which is a nationwide study of regional business contacts, on …

China’s Premier Li Qiang addressed the National People’s Congress annual meeting, acknowledging that achieving 5% economic growth this year will be challenging due to difficult times. Li Qiang outlined plans to boost spending on advanced technology, fortify China’s military, and support the economy. However, no big package of stimulus was …

The DXY Index is 0.16% down, pointing to the 103.675 mark at the time of writing. The dollar is experiencing choppy trading due to China’s National People’s Congress, where markets were not impressed by the stimulus package to restore China’s growth and economy. This has triggered risk aversion and pushes …

At the start of trading on Tuesday, European stocks faced a downturn, echoing the performance of Asian stocks, as investors remained cautious amidst pledges from China that failed to bolster market sentiment. This cautious sentiment prevailed ahead of the release of key economic data from both the euro zone and …

During Tuesday’s trading session on March 5, gold experienced a 0.45% increase, reaching levels of $2,124 per ounce. This uptrend was supported by growing expectations of a potential interest rate cut by the Federal Reserve. According to Fedwatch, a service that monitors forecasts for the Federal Reserve’s decisions, there is …

Japan’s Nikkei index managed to recover most of its early losses and closed relatively stable on Tuesday, March 3, as investors seized the opportunity to buy into declining stocks following a dip from record highs. The index dipped marginally by 0.03% to 40,097.63 points, significantly paring down its losses which …

Mohammed Hashad, Head of Research and Development at Noor Capital and member of the US Association of Technical Analysts, commented on the key developments across financial markets and the performance of the most important assets, in an interview on Dubai TV. Asked about cryptocurrencies, in light of Bitcoin’s recent surge …

The GBP/USD pair reached the 1.2700 handle on Monday, but then fell back, reducing gains but hitting the rollover higher than initially expected. The UK’s economic calendar is expected to be thin this week, with a weaker showing from the US Nonfarm Payrolls (NFP) labor report on Friday. The UK …

Jerome Powell has repeatedly said the looming election plays no role in policy decisions, but some Fed watchers worry that rate cuts this year could be perceived as the Fed giving a boost to Democrats. PHOTO: BLOOMBERGJerome Powell JEROME Powell faces heightened pressure this week from Democrats who want interest-rate …