Forex Market

WTI crude oil prices continued their consolidative trend in the commodities market, hovering around $80.00 per barrel, amid anticipation of a rate cut by the Federal Reserve and higher crude oil imports by China in January and February.Gold prices continued to rise, surpassing $2,160 per ounce to reach an all-time …

The US jobs print on Friday could impact the Fed’s future policy course. A dismal NFP could weaken the US dollar further, and attention might be drawn to the dollar’s major pairs, to determine which assets are winners and which losers. While GBP awaits fiscal clues, policy direction from China …

Better than expected Chinese trade data boost NZD/USD New Zealand Dollar rises over 0.65% after the release of much better than expected trade data from China; the country’s chief trading partner. The data indicates a probable increase in demand for New Zealand goods from mainland China. Charts are showing the …

The Canadian currency has a mixed day’s performance, but it gains since the US dollar is weakening. Due to lower US dollar flows earlier in the day, the USD/CAD pair dropped down below 1.3500. On Thursday, the Canadian dollar managed to gain some ground over its US counterpart. The USD/CAD …

Powell has indicated that interest rate cuts may not be too far off if inflation signals cooperate. Powell did not provide a precise timetable of when easing could happen, but noted that the day could be coming soon. Powell said the cuts would be so the Fed doesn’t drive the …

Federal Reserve Chairman Jerome Powell continues, on Thursday, his two-day testimony before the Senate Banking Committee. Powell stressed that quantitative easing will begin in 2024. He noted that removing restrictive stance of policy will begin over the course of this year.Key Quotes: “If the economy does as expected, we think …

As Christine Lagarde, President of the European Central Bank (ECB), addresses the media regarding the ECB’s decision to maintain key interest rates unchanged in March, she emphasizes the rationale behind the decision and responds to queries from the press. Lagarde begins by outlining the ECB’s assessment of the current economic …

The European Central Bank’s Governing Council has decided to maintain three key interest rates unchanged due to a decline in inflation since January’s last meeting. The latest projections show inflation to average 2.3% in 2024, 2.0% in 2025, and 1.9% in 2026, with inflation excluding energy and food also revised …

On Thursday, European shares experienced a decline as investors exercised caution ahead of the European Central Bank’s (ECB) interest rate decision. However, Virgin Money shares saw an upsurge following expressions of interest from Britain’s National Building Society regarding a potential acquisition. As of 0815 GMT, the European STOXX 600 index …

Japanese indices experienced a decline in trading on Thursday, March 7, driven by a downturn in chip-related stocks and a strengthening yen. The Nikkei index closed approximately 1.2% lower at 39,598 points, marking its largest decline since January 26, following a record high of 40,472 points, mirroring gains seen on …