Forex Market

Economists expect the EUR/USD exchange rate to end the year at 1.1000. Limited upside potential is also suggested.Economists see limited upside potential for EUR/USD this year. By the end of the year, economist expect prices to be around 1.1000. The Euro is likely to appreciate slightly over the next few …

The USD/JPY advances toward 150.47, up +0.28%, at the time of writing, as Bank of Japan might postpone policy-normalization plans. BoJ’s Ueda wants to see more wage data before announcing victory over deflation. The US Dollar will be guided by Fed Powell’s testimony and employment data.The USD/JPY pair marched toward …

Gold price trades near a two-month high as Fed rate-cut bets for June deepen. Weak US Manufacturing PMI data weighs heavily on the US Dollar. Fed Powell may provide fresh insights on the timing for rate cuts this week.Earlier on the day, gold price was hovering near a two-month high …

European stocks kicked off the week with little change as investors maintained caution ahead of the upcoming European Central Bank (ECB) monetary policy meeting later in the week. Although a rise in technology stocks partly offset losses in other sectors, the overall sentiment remained flat. The European STOXX 600 index …

On Monday, March 4, gold prices remained near their highest levels in two months, buoyed by disappointing economic indicators from the United States last week, which raised expectations of a potential interest rate cut by the US Federal Reserve in June. At 06:30 GMT, spot gold edged down 0.1 percent …

On Monday, March 4, Japan’s Nikkei index achieved a historic milestone, surpassing 40,000 points for the first time, propelled by corporate governance reforms and robust valuations that have attracted sustained interest from global investors. Benefiting from a surge in the technology sector, mirroring gains seen in US markets, the Nikkei …

On Monday, the US dollar traded within a narrow range, facing pressure from declining Treasury bond yields as investors awaited key economic data for clues on the Federal Reserve’s potential interest rate cuts. Bitcoin surged to its highest levels in over two years, buoyed by significant inflows into cryptocurrency funds …

In February 2024, annual inflation rates in Turkey surged to 67.07%, slightly surpassing expectations of 65.74%. This uptick followed a modest increase in January of the same year, where inflation stood at 64.86%. Over the period spanning from 1965 to 2024, Turkey has experienced an average inflation rate of 35.06%. …

Last week, the financial markets were shaped by significant data releases across several major economies, notably the United States and the eurozone. In the eurozone, data published by the European Statistics Office (Eurostat) on Friday indicated that the region’s annual harmonized consumer price index (HICP) rose by 2.6% in February, …

US stocks experienced a surge in intraday records, with the S&P 500 and Nasdaq reaching new highs. The Nasdaq set a new intraday record, surpassing its November 2021 peak of 16,212.23. Technology stocks, particularly Nvidia and AMD, saw significant gains, with shares climbing 3.73% and 4.82% respectively. The Philadelphia semiconductor …