Forex Market

On Thursday, the dollar navigates within a tight range as traders assess the implications of less dovish remarks from Federal Reserve policymakers and await fresh economic indicators from the United States. Attention is also drawn to inflation data from China, the world’s second-largest economy. Fed Policy Evaluation and Outlook Overnight, …

Gold prices found stability on Thursday amidst a backdrop of nuanced market dynamics, influenced by statements from Federal Reserve officials tempering expectations of imminent interest rate cuts. Additionally, geopolitical tensions escalated following Israel’s rejection of a ceasefire proposal from Hamas, adding to the complex market landscape. Market Performance: Gold Settles …

Riskier assets were able to gain additional momentum due to the continuing decline in the US dollar. As global rates continued to rise on Wednesday, investors now seem to support the Fed’s rate cut in May due to ongoing geopolitical concerns.Silver prices fell to fresh two-week lows around $22.20 per …

Over the last 24 hours, the stock of New York Community Bank (NYCB) has declined as a result of Moody’s downgrading the bank’s credit rating to junk status. After Signature Bank failed less than a year ago, NYCB acquired its assets and placed them under a new regulatory framework. NYCB …

The AUD/USD pair is moving sideways near 0.6520 in the early Asian session, with Fed officials’ comments not significantly impacting the market. Future market traders expect the first rate cuts for the Reserve Bank of Australia to occur in September, rather than August. The pair consolidates above the 0.6500 psychological …

The US Dollar Index is trading neutrally at 104.15 on Wednesday, while markets assess several Fed officials’ statements to continue placing their bets on rate policy path at the next few Federal Open Market Committee meetings.The Dollar Index steadied around 104.15 on Wednesday. Remarks and comments by Fed’s Collins, Kashkari …

On Wednesday, US equities rose sharply as investors processed new quarterly profit data, while the ongoing discussion about whether to drop interest rates continued to rumble beneath the surface. The S&P 500 increased by more than 0.7%, while the Dow Jones Industrial Average increased by 0.4%. There was over a …

Wednesday saw minimal movement in the EUR/USD pair as European economic indicators continued to weaken. After hitting a small intraday high of 1.0784, the pair tested back into familiar terrain near 1.0750. Since interest rates in the Eurozone peaked in September of last year, those who are interested in rate …

Federal Reserve Governor Adriana Kugler said on Wednesday that she is pleased with the great progress on inflation and added that she is optimistic that the progress will continue, per Reuters.These comments do not have an immediate impact on the performance of the US dollar versus major rival currencies. At …

Natural Gas has experienced a decline following reports that the Biden administration is set to prolong the LNG export moratorium by 9 to 12 months. Piden’s Pause ContiunesThe US Dollar Index is flirting with a break below 104 as the dollar fails to find nearby support. The LNG ban remains …