Forex Market

Gold prices stabilized in Asian trading on Thursday following robust overnight gains, propelled by softer inflation data that drove the dollar to one-month lows and increased speculation of impending interest rate cuts. With the yellow metal now within reach of May’s record highs, traders are wagering that the Federal Reserve …

Most Asian stocks climbed on Thursday, buoyed by upbeat sentiment following record highs on Wall Street. The rally came despite looming regional challenges, including economic contractions in Japan and escalating trade tensions between the U.S. and China. The positive lead from Wall Street, driven by softer-than-expected consumer inflation data, overshadowed …

Earlier during the North American trading session, gold price has significantly leapt reaching $2,390, its highest level in three weeks, with a gain of over 1%. The precious metal is trading at $2,388.78 per ounce at the time of writing, up +0.11%.This upward trend follows the release of data by …

Risk appetite saw significant upward momentum due to the prevailing bearish sentiment toward the US Dollar following the release of US inflation data measured by the CPI for April. The USD Index (DXY) had a challenging session, declining further and revisiting the area near the key 200-day Simple Moving Average …

US Treasury bond yields have been declining since the beginning of daily trading on Thursday, affected by inflation readings. The latest CPI print, for April, shed light on positive numbers that may push the Fed in the direction of lowering interest rates.The consumer price index reading in the United States …

The USD/JPY pair is easing back, US Dollar sees broad-market selling pressure. US CPI inflation ticked lower, sparking rate cut hopes. Japanese GDP in the barrel for early Thursday. The USD/JPY pair eased on Wednesday, backsliding into the 155.00 handle after the US Dollar (USD) eased across the board, shedding …

GBP/USD climbs past 100-DMA, with buyers gaining traction. Buying interest remains strong, as RSI points upwards, yet to become overbought. Key resistance lies at 1.2670, which would exacerbate followed by 1.2700. Sellers target a close below the 100-DMA to challenge 1.2600.The Pound Sterling advanced some 0.30% and hit a five-week …

The latest report from the US Bureau of Labor Statistics (BLS) reveals that the Consumer Price Index (CPI), a key measure of inflation in the United States, remained unchanged at 3.4% on a yearly basis for the month of April. This figure aligns precisely with market forecasts, indicating stability in …

Record High for European StocksEurope’s benchmark index surged to a record high on Wednesday, propelled by optimistic earnings reports in the industrial and healthcare sectors. The pan-European STOXX 600 climbed 0.4%, building on its previous record close. Earnings BoostShares of credit data firm Experian soared 7.8% after announcing an optimistic …

Bitcoin’s DownturnBitcoin experienced a slight decline on Wednesday, failing to capitalize on a weakened dollar as traders adopted a cautious stance ahead of key U.S. consumer inflation data. The world’s largest cryptocurrency dipped by 0.9% to $61,974.9, signaling subdued market sentiment. Fed’s Cautionary RemarksBitcoin’s lackluster performance persisted despite the dollar’s …