Forex Market

September saw underlying price gains, but not enough to cause the central bank to hike interest rates the following week. The summertime decline in inflation slowed last month. However, recent improvements in inflation have allowed Fed policymakers to decide to keep interest rates unchanged at their meeting next week.The Fed’s …

Compared to its competitors, the US dollar is trading softly and appears to be consolidating its gains from the previous session. At 3.7% YoY, the Core PCE for September fell short of forecasts.US bond yields are fluctuating, and dovish Fed bets are still very popular. The FOMC decision is now …

Gold price continued to consolidate after the US core PCE inflation reading remained in line with estimates. The downside in the gold price remains cushioned by escalating tensions in the Middle East.US Yellen sees Treasury yields elevated on Fed’s “higher for longer” interest rates outlook. Gold price trades back and …

The dollar rose on Friday and was heading for a third straight month of gains after data showed strong growth in the United States, indicating enhanced prospects for interest rates to remain high for a longer period. But the yen remained around the 150 level to the dollar before the …

Oil prices rose by more than a dollar on Friday as reports came in that the US military bombed Iranian targets in Syria, once again raising fears of a widening conflict between Israel and Hamas that could affect supplies from the Middle East. By 0638 GMT, Brent crude futures for …

Gold prices are heading for gains for the third week in a row on Friday, as conflict in the Middle East leads to investors increasingly seeking safe havens, despite US interest rates remaining high for a longer period. By 0341 GMT, gold in spot transactions rose 0.1 percent to $1,986.76 …

The US economy expanded at an annualized rate of 4.9% during the third quarter, surpassing market consensus of 4.2%. The report also revealed a lower-than-expected core Personal Consumption Expenditure (PCE) price index, which increased demand for bonds. Other data showed a rise in Continuing Jobless claims to 1.79 million, reaching …

EUR/USD experienced a daily low of 1.0521 and recovered towards the 20-day SMA, around 1.0560. The Euro faced selling pressure after the ECB held rates steady, and Christine Lagarde acknowledged the Eurozone’s economic struggles. The USD gained momentum on strong Q3 GDP data, but lower US yields limited the upwards …

The US Dollar witnessed heavy trading against its rival currencies on Thursday, and the DXY index reached monthly highs in the wake of the country’s unexpectedly strong GDP and durable goods data as well as the weekly initial jobless claims report.The USD was kept from rising higher by declining US …

From a daily low of 0.9456, the EUR/CHF pair rises 0.17% to trade at 0.9491. The 50-DMA at 0.9585 and the high of 0.9533 on October 17th, respectively, represent resistance points.Support is located at 0.9450, with additional floors at the lows of 0.9417 and 0.9403 from October 20 and September …