Forex Market

The eurozone economy has weakened throughout 2023, with the Composite Purchasing Managers’ Index dropping below 50 in June, signifying a moderate contraction. This weakness stemmed from Europe’s recovery from an energy shock, as well as a lack of fiscal support in comparison to the more resilient US economy. Interest rate …

The Dollar Index temporarily dipped below 104.20 on Tuesday, one day after reaching its best level in nearly three months on good economic data and the Fed’s hawkish stance on interest rates, with the US service sector exhibiting resilience, prompting markets to disregard an interest rate cut in March. Loretta …

As China prepares for the Lunar New Year holiday, the mood is generally positive, with state media expressing optimism. However, there is growing discontent and hopelessness among the population, who are feeling battered by months of economic uncertainty, falling employment, and a warning housing crisis. The Chinese government’s attempts to …

The USD/JPY pair is slightly down close to week’s high, following Powell’s hawkish comments.Powell’s caution on early rate cuts contrasts with strong US job growth in January.Rising US Treasury yields and solid ISM PMIs highlight a robust US economic outlook, supporting the Dollar.Despite BoJ’s negative rate policy hints, Japan’s data …

Gold Prices Hover as Investors Await Clarity on Fed’s Stance In the European trading session on Tuesday, Gold prices (XAU/USD) exhibit a lack of decisive movement, ensnared within a tight range, as market participants eagerly await key insights from Federal Reserve (Fed) officials regarding their outlook on interest rates. The …

European stocks opened higher on Tuesday, buoyed by positive earnings from oil giant BP and indications of fresh stimulus measures to support struggling Chinese financial markets. Key Points: Stoxx 600 Index Gains: The European Stoxx 600 index advanced by 0.27%, following a 1.3% surge in Asian stocks driven by efforts …

Evaluation of Market Performance and Corporate Results The Nikkei stock index in Japan experienced a downturn on Tuesday as investors engaged in profit-taking activities following recent gains, all while scrutinizing the latest earnings reports from domestic companies. Market Performance Nikkei’s Decline The Nikkei index concluded the session with a decline …

The US dollar maintained its position near a three-month high on Tuesday, bolstered by reduced expectations of significant interest rate cuts by the US Federal Reserve. Conversely, the Australian dollar saw an uptick following indications from the Reserve Bank of Australia (RBA) suggesting a potential interest rate hike to address …

Stronger US fundamentals as well as Powell’s hawkish tone over the weekend were more than enough to propel the US dollar to new yearly highs and place the risk-associated universe under increased pressure at the start of a new trading week.The US dollar surged to fresh yearly highs well above …

The EUR/USD pair fell by half a percent on Monday, reaching 12-week lows near 1.0723. The OECD predicts pan-European inflation will remain above the 2% level set by the European Central Bank until after 2025, reducing investor confidence. The Euro’s trade balance rose to €22.2 billion after German imports fell …