Forex Market

On Thursday, European stocks climbed as investors awaited key inflation data and scrutinized the minutes of the European Central Bank’s recent meeting, while Basilia Pharmaceuticals saw a surge in shares following US regulatory approval of a new antibiotic. The European STOXX 600 index edged up 0.1 percent by 0720 GMT, …

On Thursday, the Turkish Trade Ministry announced that the country’s trade deficit had narrowed by 10.3 percent year-on-year to $7.52 billion in March. The ministry further stated that the ongoing trend of increasing exports and decreasing imports is anticipated to persist throughout the year. According to the ministry’s statement, exports …

On Thursday, the Nikkei index closed higher as investors seized the opportunity to buy stocks following a recent bout of profit-taking amidst the start of the new fiscal year. The Nikkei advanced by 0.81 percent at the close, reaching 39,773.14 points, after peaking during the session with a gain of …

Oil prices rose in early Asian trading on Thursday amid concerns about supply shortages as major producers continue production cuts, coupled with signs of economic growth in the United States, the world’s largest oil consumer. Brent crude futures for June climbed 15 cents, or 0.2 percent, to $89.51 per barrel …

Mixed US data, further selling pressure, risk appetite and renewed remarks by Fed officials on rate cut are the main factors that have dragged the US dollar lower and put the USD Index (DXY) on track to challenge the 104.00 support after weaker-than-expected data. Further disinflationary pressures in the Eurozone …

The weaker US dollar and falling US Treasury yields have kept gold prices anchored around $2,300. Fed Chair Powell’s suggestion that rates might be lowered this year, if inflation keeps falling, helped the XAU/USD Index rise. US Data Lifts Gold Price Precious metals are rising even if ADP data shows …

On Wednesday, the US Dollar and US rates dropped, while the Canadian dollar recovered some of the ground it had lost due to weak US services activity data. As a result of negative US data, the US dollar declines while the Canadian dollar rises. Contrary to forecasts, US service sector …

On Wednesday, the US dollar declines across the board versus rivals, while the euro rises. The US ISM Services PMI’s unexpected dip has allayed worries that the Fed may become more hawkish. The Eurozone CPI earlier on Wednesday showed less forceful price pressures in March than anticipated. During the US …

The USD/CHF pair is facing selling pressure near 0.9100 due to weak ISM Services PMI data from the United States Institute of Supply Management (ISM). The Services PMI, which represents the service sector, fell to 51.4 from expectations of 52.7 and the prior reading of 52.6. The US Dollar has …

Euro zone inflation unexpectedly fell last month, providing the European Central Bank (ECB) with greater flexibility to consider cutting interest rates from their historically high levels. In March, consumer price growth in the 19 countries that use the euro slowed to 2.4 percent from 2.6 percent in the previous month. …