Forex Market

China’s Economic Data Surpasses Expectations Amid Growth Momentum China’s economic performance in the first two months of 2024 has exceeded analysts’ expectations, buoyed by robust retail sales, fixed asset investments, and industrial production, according to data released by the National Bureau of Statistics on Monday, March 18th. Key Data Highlights: …

Gold prices experienced a decline on Monday as the dollar strengthened, with investors eagerly anticipating the outcomes of forthcoming monetary policy meetings at major central banks, notably the US Federal Reserve. Investors Await Federal Reserve’s Monetary Policy Decision By 0259 GMT, spot gold prices retreated by 0.4 percent to $2,147.89 …

This week’s statements by Treasury Secretary Janet Yellen hold immense importance due to their impact on the US economy, financial markets, and public perception. Let’s dissect the context and delve deeper into why her words matter:Headline Inflation TrendsIn February, headline inflation fell to 3.2 percent year-over-year, a substantial improvement from …

Dollar Eyes Weekly Win on Mixed Data, FOMC Meeting Looms LargeThe US dollar looks set to end the week on a high note, holding onto a gain of 0.12%. This comes despite mixed economic data, with weak consumer sentiment countered by stronger industrial production figures. The dollar Index (DXY) was …

Gold prices experienced their first weekly decline in four weeks on Friday March 15. The Gold Index lost -0.21% to trade at $2157.14 per ounce, as at the time of writing.This shift comes after data revealed concerns on US inflation, causing investors to reconsider their expectations for a Federal Reserve …

The European Central Bank’s chief economist, Philip Lane, hinted at a possible shift in monetary policy during a lecture at Imperial College Business School in London on Friday. His comments highlighted a potential easing of tight job market, which has been a key concern for the ECB in recent years.ECB’s …

The US dollar (USD) remained steady against the British pound (GBP) on Friday, as investors turned their attention to a series of highly anticipated central bank meetings scheduled for the upcoming week. Meanwhile, the Japanese yen (JPY) saw a slight decline amidst speculation surrounding potential shifts in monetary policy. Market …

European shares maintained a subdued stance on Friday, balancing strength in the telecommunications sector against a broader sell-off in global equities triggered by hotter-than-expected U.S. inflation figures, which dampened expectations of a June rate cut. Telecom Sector Strength Counters Equities Sell-off The pan-European STOXX 600 index remained flat, as of …

Russia has relocated its tactical nuclear weapons from its boundaries into Belarus, a neighbouring country that is several hundred miles closer to NATO territory. This was confirmed by Western officials to Foreign Policy. This development was a reaction to NATO’s support of Ukraine, which has led Russian President Vladimir Putin …

With a shorter-term note (2-year) yielding higher than a longer-term note (10-year), the curve on Friday, March 8, might have been steeper than normal. This could indicate market expectations of Fed to refrain from interest rate cut in March in order to avoid falling in a recession. The Treasury yield …