Forex Market

The Federal Reserve introduced flexible average inflation targeting (FAIT) in 2019-20 to improve performance in a low interest rate world. The Fed believed it had a problem with low inflation, as its preferred measure of inflation had averaged just over 1.5% between 2010 and 2019. The review committing the central …

Despite a little decline in US Treasury yields, the USD Index saw some gains and returned to the 104.50 region. The preliminary S&P Global Manufacturing and Services PMIs and advanced goods trade balance are due on July 24, with new home sales coming in second. In addition to continuing Monday’s …

Stocks’ rally to record highs in 2024 has come to a pause as corporate earnings season begins to highlight the market’s true potential; Attention is now turning to the profits of the technology sector, especially the so-called “Great Seven”, the technology giants: Apple, Microsoft, Meta Platforms, Amazon, Tesla, Alphabet (the …

By The USD/JPY pair has plummeted over 0.85% and dropped below the Ichimoku Cloud (Kumo) for the first time since January 15, hinting at possible extended downtrend. Bearish RSI suggests further falls, with supports at 155.00, 154.55, 151.86, and resistance at 156.33. A breach may push to 157.00, potentially reversing …

Exploring the realm of central bank reserves and the recently created Short-Term Repo (STR) program by the Bank of England is crucial. It investigates if this instrument is pointing to a possible problem with the Bank’s strategy to use quantitative tightening to reduce the size of its balance sheet. Background …

The Bank of Canada is set to cut interest rates for a second straight meeting to avoid a recession and prevent an inflation flare-up. Governor Tiff Macklem stated that he sees a soft landing, a slowdown that cools price pressures without triggering mass job losses. He became the first Group …

European stocks opened flat on Tuesday, with gains in the technology sector balancing out losses in metal miners. This balanced start follows the market’s best performance in over a month on Monday. Driving the technology sector’s upward momentum were strong earnings reports from software giant SAP and computer peripherals manufacturer …

Gold prices saw little movement in Asian trade on Tuesday, hovering near 11-day lows as traders sought further clarity on U.S. political developments and monetary policy ahead of the Federal Reserve meeting next week. Despite a significant drop from record highs reached earlier this month, gold remained relatively stable due …

Donald Trump, the Republican presidential contender and former US president, has emerged as a new influential force in the financial markets in the recent past, and his chances of winning the US presidential election in 2024 are being closely watched. These prospects have grown recently due to certain developments that …

On Monday, the USD/CHF pair was able to begin the new week with mild gains, reaching 0.8895. The market sentiment was significantly influenced by political factors centered around the upcoming presidential turnover. Investors are bracing themselves for a busy week due to a packed US economic calendar, which is expected …