Forex Market

As Treasury rates surged on Wednesday, Wall Street’s major indexes declined in choppy trading conditions as investors awaited news on a US funding bill and this week’s inflation data to determine the Federal Reserve’s stance for monetary policy outlook.The 10-year Treasury yields changed course to reach a new 16-year high, …

The 10-year Treasury yield’s current performance compared to 2007 has some investors looking for signals of a recession. The increase in Treasury yield curves is a constant topic of discussion now as well as what investors should look at to indicate a recession. Economic headwinds are expected to impact markets …

Gold is trading at $1877.54 per ounce at the time of writing, down by some -1.22%. traders are worried that the precious metal could fall further in the remainder of 2023. It is worth noting that gold demand in China has surged in 2023, with a 16% increase compared to …

The USD/JPY pair is moving towards 150.00, with Japanese intervention warnings looming. The central bank in Japan is still dovish, with the risk of raising rates being heavily skewed to the upside. The USD/JPY pair is up 0.27%, trading at about 149.40s. The surge is halted by threats of intervention …

Russian imports billed in Chinese yuan rose to 20 percent in 2022 from three percent a year ago, a banking study published on Wednesday showed, after its invasion of Ukraine triggered packages of sanctions that left the country unable to access the global financial system. According to a study by …

European stocks opened slightly lower on Wednesday amid continuing concerns about economic growth in China and concerns about central banks keeping interest rates high for longer. The European STOXX 600 index fell 0.1 percent by 0705 GMT and is on track to continue its losses for a fifth session, while …

The dollar rose to its highest level in ten months against a basket of major currencies on Wednesday, sending the euro and sterling to the lowest level in six months and raising the possibility of intervention to support the yen, as expectations of US interest rates remaining high for a …

The US Dollar Index has continued its rally for the third consecutive day, with the index posting its highest daily close since November of the previous year. Despite negative sentiment, US Treasury yields remained around 4.54%, while the Dow Jones and Nasdaq declined by 1.15% and 1.54%, respectively. Economic data …

The Australian monthly Consumer Price Index is expected to rise 5.2% YoY in August, marking the first reacceleration since April. This could be crucial for the Australian Dollar (AUD) and the Reserve Bank of Australia (RBA), which will hold its October monetary policy meeting next week.Inflation in Australia peaked in …

The GBP/USD pair has experienced a 0.46% loss due to risk aversion following the Bank of England’s decision. The Fed’s higher-for-longer stance continues to support the Greenback, with speakers emphasizing the need for another rate hike and sustained high rates. The Sterling is expected to weaken against the US Dollar, …