Forex Market

The Bank of England’s upcoming meeting in November appears to be one of the most predictable ones in recent memory, despite the famous saying about the unpredictability of events. Since the current tightening cycle began in late 2021, the decisions have often been closely contested. In the last meeting held …

European stocks rose to their highest level in nearly two weeks on Wednesday, supported by health care stocks, as investors awaited a widely expected decision from the Federal Reserve to keep interest rates unchanged later on Wednesday. The European STOXX 600 index rose 0.1 percent by 0825 GMT, heading for …

On Wednesday, the Japanese yen stopped falling after renewed threats of state intervention in the matter and as investors turned their attention to a policy meeting held by the Federal Reserve later on Wednesday. Interest rates in the United States are expected to remain unchanged, but the publication of details …

Since July, the Federal Reserve has not increased interest rates. That hasn’t made borrowing costs any less crippling for consumers. In September, the Fed hit the pause button. The US central bank will most likely decide its rate decision on Wednesday in light of key financial conditions, developments and economic …

The EUR/USD pair is presently trading below 1.0600, having retreated from a weekly high of 1.0675. The Eurozone released mixed economic data in October, with GDP declining by 0.1% in Q3 but inflation falling to 2.9% in the same month.ECB officials maintain that more tightening is possible, with Joachim Nagel …

US Treasury bond yields have been declining since the beginning of trading on Wall Street, affected by investors’ attempts in the markets to digest the latest US economic data, in addition to anticipation of the Federal Reserve’s meeting on Wednesday.Ten-year US Treasury bond yields fell to 4.873%, compared to the …

The DXY Index advanced to 106.70 ahead of the Fed’s interest rate decision on Wednesday, indicating that the US dollar is strengthening. The US economy proved remarkably resilient in the face of tightening measures, which contributed to the strengthening of the Greenback. While the S&P Dow Jones Indices reported that …

European Central Bank policymaker Joachim Nagel noted on Tuesday that inflation in the Eurozone has fallen significantly but added that it was still too high, per Reuters.The EUR/USD pair stays under bearish pressure despite these hawkish comments and was last seen losing 0.45% on the day at 1.0565.Key Quotes“We must …

The price of gold exceeded the $2000 level again for the first time in five and a half months last Friday. Observers and economic analysts are keen to analyze the expectations of the yellow metal, which at the time of writing is trading around $1994 per ounce.Analysts believe that gold …

OPEC oil production rose for the third straight month in October, supported by production increases in Nigeria and Angola despite ongoing cuts from Saudi Arabia and other members of the broader OPEC+ alliance aimed at supporting the market, a Reuters survey showed on Tuesday. The survey showed that OPEC pumped …