Forex Market

Introduction: Gold Market Steadies Amidst Yield Retreat and Dollar Uptick Gold prices found stability on Wednesday as a retreat in yields on US Treasury bonds partially offset the impact of a stronger dollar. Traders remained vigilant for key inflation data releases and statements from US Central Bank officials, seeking clues …

Markets seem to have entered a consolidative stage ahead of key data releases on both sides of the ocean, while Fed speakers and ECB officials equally appear aligned behind the idea of cutting rates later than the majority of investors anticipate.The USD Index maintained its gradual leg lower in place, …

The USD/CAD pair has gained positive momentum for the fourth consecutive trading day, reaching a nearly two-week high around the 1.3545 region during the Asian session. This positive move is primarily driven by a modest increase in US Dollar (USD) demand, but bullish crude oil prices may limit further gains …

US Treasury bond yields have continued to rise since the beginning of daily trading on Tuesday, driven by anticipation of many batches of economic data, statements by Fed officials, and earnings reports, as this week’s economic agenda is busy with many influences on price movement.Despite its tendency to rise, the …

Earlier in the day, the EUR/USD pair was stuck in the middle at 1.0850. Tuesday’s US Durable Goods Orders fall in January was more than expected, and there was little to move the pair in either way. On Wednesday, investors will be watching for the most recent US Gross Domestic …

The USD/JPY pair has slid after US Durable Goods orders declined more than expected in January. Japan’s National CPI inflation fell less than expected, with the headline annualized CPI slipping to 2.2% from 2.6% for the year ended January. However, markets were expecting a print of 1.8%. US MoM Durable …

Dollar Resumes Decline Amidst Yield Slowdown and Market Anticipation In European markets on Monday, the US dollar faced renewed downward pressure against a basket of global currencies, marking a continuation of losses halted in the previous session. This decline signals a trajectory towards testing the lowest levels seen in three …

European Markets Display Modest Gains Amidst Anticipation for Key Economic Indicators European stocks experienced slight upward movement on Tuesday, buoyed by gains in basic resources stocks and improved earnings expectations. Market participants, alongside central bankers, remain attentive to forthcoming inflation data, which holds the potential to influence interest rate trajectories. …

Introduction: Nikkei Average Sees Minimal Movement Amidst Profit-Taking Japan’s Nikkei average ended Tuesday’s trading session nearly unchanged, relinquishing most of its early gains as investors opted to book profits, particularly in chip heavyweight Advantest. Despite reaching unprecedented levels earlier in the session, the index closed with marginal movement, reflecting a …

A further depreciation of the US dollar enabled riskier financial assets to continue rising in the green, amidst persistent bets of a June interest rate cut by the Fed and before of important inflation data for the US (PCE) and the Eurozone’s CPI data. When measured by the USD Index …