Forex Market

European stocks soared to a new record high on Thursday, buoyed by a robust performance in global equities, notably with Japan’s Nikkei index reaching unprecedented levels. The European STOXX 600 index surged to 495.77 points, surpassing its previous peak of 495.46 points set in January 2022. This surge was fueled …

Japanese stocks surged to a new record high on Thursday, surpassing levels last seen in 1989, as falling valuations and corporate reforms lured foreign investors seeking alternatives to turbulent Chinese markets. The Nikkei index soared by 2.19 percent to close at 39,098.68 points, reaching an intraday peak of 39,156.97 points—exceeding …

In the face of shifting risk appetite patterns and the FOMC Minutes’ lack of surprises, the dollar somewhat weakened on Wednesday. Meanwhile, speculation about when the Fed could cut interest rates for the first time continued to drive general market mood. In the context of continued increases in riskier assets, …

The minutes from the most recent meeting of the Federal Reserve indicate that before hiking interest rates, officials will need to see more proof that inflation is heading downward. Though they aren’t prepared to drop rates just yet, policymakers don’t see rates rising during this economic cycle.Several members of the …

In the North American session on Wednesday, initially the DXY Index fell below 104.00 following the publication of the minutes from the FOMC meeting in January. At the time of writing the Index records 104.040, it is back above the 104.00 mark but with mild loss.Several FOMC members think interest …

In January 2024, the US Federal Reserve left interest rates unchanged at a 22-year high of 5.25 percent to 5.5% as inflation continues to cool, signaling an end to its rate hiking cycle and possible rate cuts next year. The rate policy meeting summary indicated a general sense of optimism …

The EUR/USD pair drifted into the midrange on Wednesday. The pair is trading at 1.0812, up +0.05%, but is on the soft side as traders wait for the minutes of the latest Fed’s policy meeting. It is unlikely that the Fed will deliver anything new for traders to chew on …

During the North American day, the Canadian dollar is trading quietly, with the USD/CAD exchange rate currently down 0.07% at 1.3517. In the hopes of learning more about the Fed’s potential future interest rate path, investors are eagerly awaiting the release of the FOMC January meeting minutes later today.After the …

Ahead of the FOMC minutes and the US opening bell, the US dollar is trading in the red. The Dollar Index recovers from Tuesday’s loss and trades back over 104. The US Dollar Index (DXY) shows that the dollar is down and that it is once more on the verge …

European stocks experienced a downturn on Wednesday, primarily influenced by a drop in banking stocks following disappointing business results from HSBC. Investors also awaited data on consumer sentiment in the euro zone, further contributing to market uncertainty. Banking Sector Leads Decline:The banking services sector witnessed a notable 1 percent decline, …