Forex Market

A white paper is accusing the Treasury Department of overreliance on bills has sparked debate on Wall Street and in Washington. The paper claims that the Treasury Department’s decision to continue financing an outsize chunk of US debt with short-term Treasury bills is tantamount to deliberate manipulation of the economy.The …

The GBP/USD pair consolidates between 1.2800 and 1.2890 amid uncertain Fed and BoE decisions. RSI remains flat, indicating a balanced market with no clear trend. Key support levels are at 1.2778 and 1.2750, with resistance at 1.2888 and 1.2900.The Pound Sterling registers minuscule gains during the North American session as …

The yen experienced volatility on Wednesday following the Bank of Japan’s (BOJ) announcement to raise interest rates and outline a comprehensive bond tapering plan. Initially, the yen surged 0.8% to a three-month high of 151.58 per dollar immediately after the BOJ’s decision, only to reverse those gains minutes later as …

In a surprising move, the Bank of Japan (BOJ) raised interest rates on Wednesday and introduced a comprehensive quantitative tightening (QT) plan, signaling a significant shift away from a decade of aggressive monetary stimulus. This decision marks a departure from market expectations, which had largely anticipated that the BOJ would …

FOMC meeting began on Tuesday amid hopes that Jerome Powell, Fed Chairman, could hint the timing or number of rate cuts at least until the end of 2024, this comes amid accelerating expectations that the Federal Open Market Committee will begin cutting rates in its meeting next September.These expectations are …

US Dollar maintains momentum ahead of Fed decision and labor market update. US JOLTs and CB Consumer Confidence figures exceed expectations. Fed is expected to stay data-dependent and keep possibilities open for a September cut.The US Dollar, measured by the DXY index, is trying to continue its upward trend, but …

The Eurozone’s economy experienced a slight uptick in the second quarter, growing by 0.3%, as reported by Eurostat on Tuesday. This growth exceeded economists’ expectations and matched the growth rate from the previous quarter. However, underlying issues and a slew of pessimistic surveys suggest a challenging outlook for the remainder …

European shares showed muted movement on Tuesday as investors held back, awaiting the outcome of the Federal Reserve’s monetary policy meeting and upcoming Eurozone inflation data. Despite the overall cautious sentiment, technology and oil stocks provided some support to the market. STOXX 600 IndexThe pan-European STOXX 600 index inched up …

The dollar and yen remained in narrow trading ranges on Tuesday as investors awaited crucial monetary policy decisions from the Bank of Japan (BOJ) and the Federal Reserve, which are expected to set the market tone for the coming weeks. Yen PerformanceThe Japanese yen paused its recent rally, which saw …

Dubai TV hosted Mohammed Hashad, Head of Research and Development at Noor Capital, and a member of the US Association of Technical Analysts, to comment on and shed light on market movements. United StatesThe Dow Jones saw a boost following Microsoft’s recent announcement of a new update to the Bing …