Forex Market

The US Dollar Index (DXY) staged a recovery after hitting its lowest level since February 2022 at 96.38, climbing to around 96.85 during the American session, buoyed by stronger-than-expected US economic data. The ISM Manufacturing PMI and JOLTS Job Openings reports exceeded forecasts, easing some of the bearish pressure that …

The EUR/USD currency pair surged to a multi-year high of 1.1830, its strongest level since September 2021, before retreating slightly as robust US economic data bolstered the US Dollar. The Eurozone’s stabilizing inflation, with headline CPI reaching the European Central Bank’s (ECB) 2% target and core inflation steady at 2.3%, …

On July 1, 2025, the picturesque town of Sintra, Portugal, became the epicenter of global economic discourse as the European Central Bank (ECB) Forum on Central Banking brought together some of the world’s most influential central bankers. Among them were Jerome Powell, Chair of the Federal Reserve, Christine Lagarde, President …

On July 1, 2025, at 5:55 PM EEST, Bank of Japan (BOJ) Governor Kazuo Ueda provided critical insights into Japan’s economic landscape during a panel discussion at the European Central Bank’s Forum on Central Banking in Sintra, Portugal. Addressing an audience of global financial leaders, economists, and policymakers, Ueda stated …

1. Oil Price MovementsOil prices saw slight gains on Tuesday as market participants evaluated expectations of an OPEC+ output hike announcement for August, along with ongoing trade negotiations. At 1133 GMT, Brent crude was up by 54 cents, or 0.8%, trading at $67.28 per barrel, while U.S. West Texas Intermediate …

Gold Surges as Safe-Haven Demand Increases Gold prices saw a notable increase in Asian trade on Tuesday, driven by heightened safe-haven demand due to rising uncertainty surrounding U.S. trade negotiations and concerns over President Donald Trump’s upcoming tariff deadline. Spot gold rose 0.8%, reaching $3,328.71 per ounce, while Gold Futures …

The U.S. dollar lingered at its weakest level against the euro since September 2021 on Tuesday, driven by growing fiscal concerns surrounding President Donald Trump’s tax-and-spending bill and continued uncertainty over trade deals. Investors are increasingly betting on a more aggressive pace of monetary policy easing by the Federal Reserve …

Oil prices fell to a three-week low on Tuesday, with both Brent and West Texas Intermediate (WTI) crude prices slipping as supply concerns eased, and expectations grew for an increase in production by the Organization of Petroleum Exporting Countries and allies (OPEC+). The drop in prices also came in light …

Canadian Market GainsOn June 30, 2025, Canada’s S&P/TSX composite index rose 164.79 points to 26,857.11, with all sectors advancing. The rally followed Canada’s repeal of a digital services tax, defusing tensions after U.S. President Trump paused trade talks. Prime Minister Mark Carney tied the decision to ongoing trade negotiations, sparking …

On July 1, 2025, the USD/JPY pair fell to 143.89, down from 144.62, as the U.S. dollar weakened amid fears of dismal U.S. employment data. The pair ranged from a daily high of 144.04 to a low of 143.77, signaling market jitters. Forecasts suggest June’s non-farm payrolls will drop to …