Forex Market

As profit-taking increases and the US Dollar strengthens as a result of rising US Treasury bond yields, WTI crude declines 2.37% to $88.54 per barrel. The demand for oil may be at danger due to worries about the economy’s slowdown, which are emphasized by lower manufacturing data from China and …

Michael Barr, Vice Chair for Supervision of the Federal Reserve, stated on Monday that the central bank should implement monetary policy cautiously.The most important question, in his opinion, is not how much higher interest rates will rise, but rather how long they will stay at a level that is appropriately …

Rising US Treasury bond yields and anticipation of further Fed tightening weigh heavily on the EUR/USD pair, which declines to 1.0500, down 0.69%. The Euro is losing value due to divergent economic forecasts that show growing US business activity and slowing manufacturing activity in the Eurozone.With major support at 1.0500 …

The US economy’s main engine, the industrial sector, is still contracting. However, there are indicators of progress. The purchasing managers index, or PMI, published by the Institute for Supply Management registered 49 in September as opposed to 47.6 in August.According to the data presented on Monday, the US manufacturing sector …

The U.S. economy is still dealing with the aftermath of the COVID-19 pandemic, Federal Reserve chair Jerome Powell said during a meeting with community and business leaders in York, Pennsylvania.“We are still coming through the other side of the pandemic,” Powell said, noting labour shortages in healthcare, ongoing difficulties with …

In the United States, inflation, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, rose to 3.5% on an annual basis in August, up from 3.4% (revised from 3.3%) in July, according to the US Bureau of Economic Analysis on Friday. This reading was consistent with …

Gold prices fell to $1,830 per ounce during trading on Monday, reaching their lowest levels in seven months due to pressure resulting from the strong dollar and high Treasury yields, as well as today’s expected speech by Jerome Powell. Gold’s decline today is the worst in two years, incurring monthly …

European stocks began the last quarter of 2023 with modest gains on Monday after the United States avoided entering a government shutdown, while investors awaited factory activity data for indications about the performance of companies in the euro zone. The European STOXX 600 index rose 0.4 percent by 0717 GMT, …

Gold continued its losses on Monday for the sixth session in a row, reaching its lowest level in about seven months in light of the continued rise of the dollar, traders’ evaluation of a major report on inflation in the United States, and their anticipation of a number of labor …

In the United States, inflation, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, rose to 3.5% on an annual basis in August, up from 3.4% (revised from 3.3%) in July, according to the US Bureau of Economic Analysis on Friday. This reading was consistent with …