Forex Market

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. …

Traders traded European stocks in a narrow range on Wednesday and remained cautious ahead of a key inflation report that could affect expectations about the timing of the European Central Bank’s first interest rate cut. The European STOXX 600 index was flat at 0715 GMT. After the inflation report in …

Oil prices extended gains on Wednesday, as a larger-than-expected decline in US crude inventories and escalating geopolitical tension raised investor concerns about tight supplies. Brent crude futures for June delivery rose 20 cents, or 0.22 percent, to $89.12 a barrel, while US West Texas Intermediate crude futures for May delivery …

As European investors got back to work after the long Easter break, the US dollar declined from its recent highs, providing some much-needed relief in the risk-linked world. The USD Index (DXY) dropped to 104.70 from recent heights over 105.00 as a result of fresh selling pressure on the US …

Gold has reached an all-time record high of $2,280 due to geopolitical tensions and strong US data. The recent attack of Israel against an Iran embassy in Syria on April 1 supported Gold’s rise despite higher US Treasury yields and a strong US Dollar. Economic data from the US prompted …

The Australian dollar’s recovery is losing momentum, as US data beats expectations. US Factory Orders and JOLTS Job Openings endorse the view of a robust economy in the United States with a tight labour market. The AUD/USD pair is up 0.31%, trading at 0.6509 at the time of writing.Cleveland Fed …

The Pound Sterling has reacted positively to the strong UK Manufacturing PMI, which showed a 1.3% increase in March, the slowest pace since December 2021. The UK’s Manufacturing PMI landed above the 50.0 threshold, marking expansion from contraction at 50.3, higher than expectations and the former reading of 49.9. The …

The number of job openings on the last business day of February stood at 8.75 million, the US Bureau of Labour Statistics (BLS) reported in the Job Openings and Labour Turnover Survey (JOLTS) on Tuesday. This reading followed 8.74 million (revised from 8.86 million) openings in January and came in …

Japan’s Nikkei index closed higher on Tuesday, briefly surpassing the 40,000-point mark before some gains were trimmed by profit-taking and concerns about potential intervention by Japanese authorities to stabilize the yen. The Nikkei index ended Tuesday’s session up 0.1 percent at 39,838.91 points. Although the index has risen approximately 19 …

Oil prices rose in early Asian trading on Tuesday, buoyed by signs of improving demand and escalating tensions in the Middle East, which pushed US futures to their highest level in five months in the previous session. Brent crude futures for June delivery climbed 37 cents to $87.79 a barrel …