Forex Market

US agencies have stopped clearing fuel in heavily forested areas to prevent wildfire spread. A 45-day stopgap funding bill was passed just hours before agencies would have been forced to close, but employees say everything stops as the work process shifts gears. The Office of Management and Budget formally kicked …

The USD/CAD pair reached a seven-month high of 1.3780 before falling back to 1.3730. The pair experienced an initial rebound from the 1.3700 level and is expected to climb higher if bullish momentum persists. The Canadian dollar’s chances of a short-side reversal may be increasing as the Relative Strength Index …

The EUR/USD reached a daily high of 1.0532 on Wednesday, but Euro upside remains limited due to mixed economic data for the EU and US. Eurozone Retail Sales fell 2.1% YoY in August versus -1.2% expected, while the European Producer Price Index (PPI) improved slightly over the forecast -11.6%. European …

ECB’s Christine Lagarde, has cautioned that the United States and the Eurozone should never take the status of their currencies as reserve currency for granted because nations like China and Russia are working to develop their own financial systems.The eighty-year dominance of the dollar as the world’s reserve currency has …

Gold price up by 0.07%; trading at $1823.78 per ounce at the time of writing. The precious metal is looking forward to recovery due to softer than expected US ADP Employment Change data. Job vacancies by US employers were upbeat in August, indicating strong labor demand. However, the US Services …

Gold prices returned on Wednesday, heading towards the lowest level in seven months, in light of the rise in the dollar and Treasury bond yields after strong US jobs data, which maintained expectations of further monetary tightening, while palladium fell to its lowest level since late 2018. Spot gold prices …

European stocks were affected for the third day in a row on Wednesday by the significant effects on US and European stock returns in general due to the presence of a large number of investors for the idea and thus the severe negative impact of the small run out. The …

On Wednesday, the Japanese yen fell slightly against the dollar after its unexpected rise in the previous session, which raised speculation that the Japanese authorities intervened to support the currency. The Japanese currency fell slightly to 149.12 to the dollar in early Asian trading, after jumping about two percent during …

It is the first time in the US history that House representatives have voted the Speaker out.US House Speaker, Kevin McCarthy, has been removed from office for first time in history.It follows a decision made by McCarthy over the weekend to cooperate with the Democrats to keep the government running …

Gold fell for the seventh day in a row, reaching a low of $1,814 before reversing course and edging slightly higher to $1,825. After dropping more than 5% in the previous session, silver made a slight recovery to close at about $21.20.On Tuesday, the Yen increased, most likely as a …