Forex Market

The biggest US banks have enough capital to survive an economic disaster, according to the Fed’s annual bank stress test, but their position is weaker than it was a year ago. The purpose of the tests, which gained additional significance following the failure of three US banks last year, was …

Japanese Yen nosedives after Kanda’s bleak response. Masato Kanda, the Japanese Ministry of Finance’s Vice Minister of Finance for International Affairs, stated at 13:15 GMT that the government is closely monitoring the foreign exchange markets and will take necessary action as necessary.Earlier during the US trading session, the Japanese Yen …

The US Dollar extended recovery to Wednesday, reaching 106.00, its highest level since early May. Rising US Treasury yields lent support to the US currency. Week’s highlight remains June’s PCE inflation data due on Friday.Wednesday’s session witnessed the US Dollar, as represented by the Dollar Index (DXY), climb to 106.00, …

After battling at 1.2700, the GBP/USD pair drops as a result of the strong US dollar and poor US housing data. The technical picture is gloomy, with a “evening star” pattern and an RSI pointing to more decline. The 50-DMA at 1.2636, the 200-DMA at 1.2555, and the 1.2600 are …

European shares advanced on Wednesday, fueled by gains in mining and technology stocks, as investors eagerly awaited the release of crucial U.S. inflation data and the outcome of the French elections later in the week. The pan-European STOXX 600 index rose 0.4% by mid-morning, with the technology sector leading the …

A report, by Credit Agricole Bank, contains expectations for the price movement of the Australian dollar in light of the monetary policy rhetoric that has been adopted by the interest rate statement by RBA and the statements of the central bank’s Chair following the announcement of keeping rates unchanged last …

Along with a respectable increase in US rates, the US dollar recovered some of the ground it had lost during Monday’s dismal session, and investors’ forecasts of a September and December rate drop remained unchanged. A modest increase in US rates helped the USD Index (DXY) overcome its Monday decline …

In 2024, the Federal Reserve changed its position on interest rates dramatically. The salient features are as follows: Rate-cut hopes are dampened by persistent inflation. Due to the ongoing high pace of inflation, initial expectations of three rate decreases this year have been drastically reduced. Fed officials who have previously …

Gold CFDs are -0.40% down, trading at $2323.40 and spot gold is -0.45% down, trading at $2323.97 at the time of writing. As traders await additional information and news before taking positions, the gold market is experiencing a muted sentiment. Further hints regarding the direction of US interest rates—which are …

The dollar’s relentless ascent against the yen faced a speed bump on Tuesday, as traders cautiously avoided breaching the 160 yen threshold due to growing concerns about potential intervention by Japanese authorities. Meanwhile, Bitcoin, the leading cryptocurrency, experienced a partial rebound after suffering its worst single-day loss in over two …