Forex Market

The EUR/USD pair has fallen to the lower 1.0900s following the release of US macroeconomic data, which indicates continued inflationary pressures in the economy. The pair is trading at 1.0902, down 0.42% at the time of writing.EUR/USD Reacts to Economic DataFactory gate prices rose more than expected in February, while …

European markets experienced a notable upswing yesterday, reaching their highest levels in over a week. This occurred as financial markets adopted a more measured approach toward recent geopolitical events. Additionally, investors were contemplating the possibility of a stimulus plan in China and a subtle shift in tone from Fed policymakers …

The latest data from the US Bureau of Labor Statistics revealed that the Producer Price Index (PPI) for final demand in the United States surged by 1.6% on a yearly basis in February. This figure surpassed market expectations of a 1.1% increase and marked a notable uptick from the 1% …

European stocks opened on a positive note on Thursday, buoyed by upbeat corporate reports, although investor sentiment remained cautious ahead of crucial economic data releases from the United States. The European STOXX 600 index, a barometer of regional market performance, edged 0.2 percent higher by 08:11 GMT, lingering near its …

The Nikkei index in Japan closed higher on Thursday, rebounding from early losses as chip-related heavyweight stocks trimmed declines and energy stocks gained momentum. Market Performance The Nikkei closed up 0.29 percent at 38,807.38 points after enduring three consecutive sessions of losses. The index had initially fallen by as much …

Gold prices experienced a slight decline on Thursday as the dollar strengthened, although bullion remained near record highs. Traders were eagerly awaiting more US economic data, which could influence expectations regarding a potential mid-year interest rate cut. Price Movements By 0426 GMT, gold in spot transactions fell by 0.2 percent …

After Tuesday’s abrupt decline, gold prices soon resumed their upward trajectory, on Wednesday, with the immediate goal being the all-time high, which is located little below $2,200 per ounce. Gold closed the North American session at $2175.60 per ounce.The US weekly crude oil and petrol stockpiles unexpectedly declined, and rising …

PPI and retail sales figures will be released in the United States, Thursday. The Canadian dollar found some upside potential around the midweek inflection point, as investors await Thursday’s data. The Canadian dollar continues to struggle with its US counterpart, but it is on track to be one of the …

US Treasury bond yields have continued to rise since the beginning of daily trading on Wednesday, driven by the fact that investors have fully digested the recent US inflation data, which highlighted that consumer prices in the United States are still on the uptrend.Yields Are Climbing US Treasury yields climbed …

The AUD/USD pair has seen a surge in value as markets continue to anticipate the Federal Reserve cutting interest rates possibly in June. However, the Reserve Bank of Australia is striking a more hawkish tone, suggesting that rates may even need to rise. The pair is 0.40% up, trading at …