Forex Market

The Canadian dollar is experiencing a significant drop on Monday due to a strong market dogpile towards the US dollar, with US ISM Services Purchasing Managers Index figures coming in well above expectations. Mixed comments from US Federal Reserve policymakers risk investor outlooks and hamper risk appetite. Bank of Canada …

The EUR/GBP pair saw a 0.25% increase in Monday’s trading, trading at 0.8560, gaining 0.25% and moving towards the 20-day Simple Moving Average (SMA) at 0.8565. Despite pressures from a stagnant Euro Area economy and anticipations of the ECB’s rate cut, the daily chart indicates buyers’ dominance. However, hourly indicators …

The Reserve Bank of Australia will announce its next Interest Rate Decision on Tuesday, February 6 at 03:30 GMT. As the release date approaches, here are estimates from economists and researchers at eight major banks about the next central bank decision.The customary rate decision and post-meeting statement will be followed …

On Monday, gold prices experienced a decline as the dollar strengthened, and U.S. Treasury bond yields rose following a robust jobs report. The data indicated a strong performance in the job sector, dampening expectations of an imminent interest rate cut by the Federal Reserve. Gold Price Movements Spot Gold Drops …

European stocks saw a positive start to the trading session on Monday, fueled by more upbeat corporate results, although investor confidence faced headwinds from global economic considerations and reassessment of interest rate expectations. Market Overview STOXX 600 Index Rises 0.2 Percent The European STOXX 600 index demonstrated resilience, rising by …

On Monday, the US dollar surged to its highest level in eight weeks against major currencies as traders recalibrated their expectations for significant interest rate cuts by the Federal Reserve this year. The robust performance of the US economy, coupled with a stronger-than-expected jobs report, contributed to the dollar’s ascent. …

On Monday, Japan’s Nikkei index experienced a rise, propelled by the weakening yen and positive momentum from Wall Street over the weekend. The Nikkei climbed 0.54 percent, closing at 36,354.16 points. The broader Topix index also witnessed an increase of 0.67 percent. Market Dynamics and Stock Movement Support from Wall …

The past week proved to be a rollercoaster for global financial markets, dominated by pivotal events that shaped the economic landscape. From the Evergrande saga to pivotal interest rate decisions and robust US job data, here’s a comprehensive breakdown of the week that was. American Interest – The Fed’s Pause …

Gold is -0.85% down, trading around $2037 per ounce at the time of writing, obviously impacted by the rallying US dollar following surprise NFP reading on Friday.European equities gained after the US Nonfarm Payrolls reached a one-year high, pushing investors further away from rate cut expectations. The pan-European STOXX600 index …

The EUR/USD pair is losing important technical control after the US Jobs Report outperformed expectations, with US Nonfarm Payrolls reaching a one-year high and causing substantial upward revisions to earlier data points. The pair is trading at 1.0792, down -0.72% as of writing.The US economy continues to impress investors, with …