Forex Market

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 …

The EUR/USD pair slightly benefited from the US dollar’s sell-off but to a lesser degree than other assets including the Pound Sterling, and the Japanese yen. The pair remains in the same range that has been in play for the past 15 months, and price has made a fast move …

The US Bureau of Labour Statistics will release the most important inflation measure, the US Consumer Price Index figures, on Tuesday, March 12. As markets get closer to the release time, here are the forecasts by the economists and researchers of 10 major banks regarding the upcoming United States inflation …

The US dollar began to recover from a sharp decline that has been accompanying it since the opening of weekly trading on Monday, continuing to be affected by the employment data released on Friday to shed light on a deterioration in labour market conditions that would have favoured speculation of …

Continued Decline Mirrors Asian and Wall Street Trends European stock markets sustained losses on Monday, echoing the downward trajectory witnessed in Asian markets overnight and fueled by Friday’s downturn on Wall Street. The impending release of pivotal U.S. inflation data added to the prevailing apprehension among investors. European Indices Under …

Gold Maintains Strength Ahead of U.S. Inflation Data Gold prices exhibited resilience just below record highs in Asian trading on Monday, as market attention shifted towards eagerly awaited U.S. inflation figures. Investors awaited further indications on the timing of potential interest rate cuts by the Federal Reserve, which could significantly …

Most Asian stocks dipped on Monday, mirroring the downturn in Wall Street, where apprehension loomed ahead of crucial U.S. inflation data. The prevailing sentiment was notably bleak in Japanese shares, which witnessed a sharp decline amid mounting speculation that the Bank of Japan (BOJ) is poised to increase interest rates. …

Following the US NFP print, EUR/USD pair surged, although the markets were confused by conflicting data. Although the US NFP revealed an increase in jobs, sharp revisions have reduced risk appetite. On Friday, the EUR/USD pair got some breathing room and surged to a new weekly high close to 1.0980. …