Forex Market

In Wednesday’s trading session, Japan’s Nikkei index extended its losses for the third consecutive day, reflecting investors’ cautious stance as they evaluated the potential implications of the Bank of Japan’s forthcoming monetary policy meeting, on March 18-19. Nikkei’s Decline: The Nikkei index experienced a modest decline of 0.26 percent, closing …

After US inflation data came in higher than anticipated, the dollar maintained its good start to the week, supporting investors’ further repricing of a Federal Reserve rate cut in June.As confidence in the Fed’s summer easing cycle increased, the USD Index recovered the territory above the 103.00 mark. A light …

François Villeroy de Galhau, the governor of the Bank of France and an ex officio member of the European Central Bank, emphasised on Tuesday that the ECB’s pragmatism about rate decreases is independent of Federal Reserve policy.Villeroy’s remarks follow the Bank of France’s revision of its first-quarter growth estimate for …

The CPI report’s inflation data reveals greater price growth in February, indicating that the road to more reasonable consumer price increases following a pandemic-induced jump may remain rough. According to the Labour Department’s consumer price index, overall prices increased 3.2% over the previous year, slightly higher than 3.1% in January. …

The US Bureau of Labour Statistics (BLS) stated on Tuesday that inflation, as measured by the change in the Consumer Price Index (CPI), increased to 3.2% on an annual basis in February from 3.1% in January. Annual Core CPI, which excludes volatile food and energy costs, rose 3.8% during the …

Correction and Profit-Taking Processes Drive Sterling Lower In the European market on Tuesday, the pound sterling faced downward pressure against a basket of global currencies, extending losses for the second consecutive day against the US dollar. This decline comes as the pound moves away from its eight-month high, driven by …

Market Optimism Supported by Corporate Performance European shares commenced trading on a positive note on Tuesday, buoyed by robust corporate earnings, while investors remained attentive to forthcoming U.S. inflation data for insights into the Federal Reserve’s stance on interest rate adjustments. STOXX 600 Approaches Record High The pan-European STOXX 600 …

Japanese Yen Weakens Amidst BOJ Comments, Other Asian Currencies Remain Stable On Tuesday, most Asian currencies saw minimal movement while the dollar stabilized as markets awaited crucial U.S. inflation data, which could offer indications of the Federal Reserve’s stance on interest rates. Japanese Yen Retreats After BOJ Comments The Japanese …

In the commodity market, WTI crude oil prices maintained their consolidative stance in the commodities market, circling the pivotal 200-day SMA and attempting to break through the $78.00 region. At $77.77 per barrel, US crude oil was last observed up 0.53%. Tuesday’s weekly update on US crude oil stocks as …

The Canadian dollar is trading on the thin side as investors await key inflation figures. Canada has a light economic calendar this week, with Canadian dollar slightly higher on Monday but stuck on the US dollar. The USD/CAD pair is trading at 1.3482 at the time of writing. The Canadian …