Forex Market

Since the Fed is projected to maintain interest rates in the range of 5.25%–5.50% for the fourth consecutive meeting, no policy changes are anticipated. The news conference by Chair Jerome Powell will be crucial. Investor attention will be focused on any possible rebuttal to market conjecture about rate reductions. Financial …

According to recently released labour data, the US employment market is still robust and there is a continued need for workers. Seasonally adjusted Bureau of Labour Statistics data released on Tuesday shows that the number of open positions in the US increased unexpectedly to an estimated 9.026 million in December.The …

On Tuesday, the EUR/GBP pair rose by 0.50% to hit 0.8565. The Q4 GDP numbers for the Eurozone exceeded expectations, but the daily chart clearly shows bearish weariness. As monetary policy differences with the European Central Bank have pushed the cross lower in the previous sessions, the Bank of England’s …

ECB policymaker Gabriel Makhlouf said on Tuesday that the essence of data-dependency suggests that they should remain open-minded about the interest rate path, per Reuters.“With disinflation well underway, we are confident in sustainably reaching our target of 2%,” Makhlouf added. These comments didn’t have any immediate or noticeable impact on …

On Tuesday, European stocks opened slightly higher, reaching their highest levels in two years, buoyed by gains on Wall Street the previous night. The European STOXX 600 index rose by 0.2 percent at 0825 GMT, marking its fifth consecutive session of gains. The positive sentiment in European markets was influenced …

On Tuesday, Japan’s benchmark Nikkei index closed higher, propelled by gains in chip-related stocks following positive trends on Wall Street. The index rose by 0.11 percent to close at 36,065.86 points, although there was a degree of caution among traders ahead of the Federal Reserve’s anticipated decision on interest rates …

A second strong session for the US dollar placed more pressure on the riskier assets, pushing the EUR/USD to the sub-1.0800 level and the USD Index to flirt with the upper end of the current range amid the development of usual pre-FOMC caution.Ahead of the FOMC meeting and the release …

Despite opposition from the central bank, Russia is pondering an indefinite extension of the wartime capital regulations that were implemented to relieve pressure on the ruble. The step, according to the administration, is necessary to support the currency and assist curb inflation. President Vladimir Putin issued an order in October …

US stocks are surviving an increase in Treasury yields because of the positive economic outlook, but Goldman Sachs strategists warned that this might change if factors like tighter monetary policy push yields higher or if they climb too quickly.In their most recent weekly kickstart note, Goldman equity strategists lead by …

The Dollar Index is showing strong increases and is currently trading at 103.75, not far from its mid-December highs. Ahead of the Fed’s impending announcement on interest rate policy on Wednesday, markets are still wary.Monday saw a sharp increase in the Dollar Index, which closed at 103.75, reaching levels not …