Forex Market

Richmond Fed President Thomas Barkin anticipates a continued decline in Personal Consumption Expenditure (PCE) inflation data later this week, citing significant progress made by the Federal Reserve. While optimistic, Barkin emphasized the need for a “wait-and-see” approach due to existing policy uncertainties.Key Takeaways:Barkin expects the upcoming PCE report to show …

US consumer confidence plummeted in February, with the Conference Board’s Consumer Confidence Index falling to 98.3 from 105.3, the lowest point since June 2024. This sharp decline reflects weakening views on current business and job market conditions. The Present Situation Index dropped 3.4 points to 136.5, while the Expectations Index, …

The USD/JPY pair fell to near 149.30 on Tuesday, reversing earlier gains that saw it briefly surpass the 150.00 level. This decline was driven by a weakening US Dollar, which suffered due to a sharp drop in US Treasury yields. The 10-year US Treasury yield fell 1.7% to around 4.32% …

The U.S. dollar remained under pressure on Tuesday, hovering just above a two-month low, as declining U.S. Treasury yields and growing expectations of increased German fiscal spending bolstered the euro. Key Market Movements Euro (EUR/USD): Up 0.3% to $1.0497, supported by speculation that Germany may increase defense spending, leading to …

European stocks traded near the flatline on Tuesday, as investors weighed U.S. tariff plans, upcoming earnings from Nvidia (NASDAQ: NVDA), and political developments in Germany. Market Performance (as of 04:08 ET / 09:08 GMT): Stoxx 600: +0.1% to 554.06 FTSE 100 (UK): +0.1% DAX (Germany): -0.1% CAC 40 (France): -0.2% …

US President Donald Trump addressed the media on Monday with remarks about the ongoing peacemaking efforts between Ukraine and Russia. With Russia’s military operation in Ukraine stretching over a thousand days, despite initial expectations of a swift conquest, President Trump, who has been seeking to strengthen ties with Russian President …

Dollar Fights Back: Key Data, Fed Speeches on Tap This WeekThe US Dollar began the week on the defensive, hitting multi-week lows, but managed a rebound amidst a confluence of factors including tariff concerns, lower yields, and renewed worries about the US economy’s health. The US Dollar Index (DXY) fell …

The US Dollar (USD) has rebounded after an initial dip, stabilizing around 106.50 on the US Dollar Index (DXY), which measures the USD against six major currencies. Early losses, triggered by positive German election results for the Christian Democratic Union (CDU), quickly subsided as the outcome eased market anxieties about …

The Pound Sterling (GBP) has advanced against other currencies as investors anticipate a more measured approach to monetary easing from the Bank of England (BoE). Strong UK retail sales, higher-than-expected January inflation (CPI) data, and robust wage growth in the three months to December have led traders to reduce their …

The US Dollar Index (DXY) is currently trading around 106.50, maintaining minor gains despite recent economic data painting a mixed picture of the US economy. This level suggests the dollar is holding its ground, but the data raises questions about the strength of the US economy relative to other major …