Forex Market

European stocks rose on Monday as investors awaited US inflation data as well as a monetary policy decision from the European Central Bank later in the week for further indications on the path of global interest rates. The European STOXX 600 index rose 0.6 percent by 0712 GMT, after falling …

Gold prices rose on Monday, supported by a decline in the dollar, as investors awaited inflation data in the United States, which may make the Federal Reserve inclined to raise interest rates later in the year. Gold jumped in spot transactions 0.5 percent to $1,927.39 per ounce by 0614 GMT, …

The G-20 leaders decided on Saturday to implement the reporting framework for digital assets quickly since a sizable portion of their members want information exchange on these non-financial assets to begin by 2027. To prevent tax evaders from hiding their unreported wealth with such non-financial assets, the Crypto Asset Reporting …

Federal Reserve Bank of Chicago economists forecast that inflation will decline without pushing the US economy into a recession. They also described a Goldilocks scenario for a soft landing in a recent study. Inflation may fall below 2% by next year, negating the need for any rate increases.Stefania D’Amico and …

The USD/JPY pair surges by 0.30%, moving closer to 147.70. In order to prevent the BoJ from being pressured to change course, the USD is declining and the DXY Index is consolidating after rising to a multi-month high of 105.15 after Japan released weak GDP and earnings data.After Japan released …

European stocks rose slightly on Friday, with investors snapping up shares in luxury goods and technology companies that fell sharply after a wide range of concerns, including the possibility of continued high US interest rates and a slowdown in the European economy, negatively affected sentiment this week. The European STOXX …

Gold rose slightly on Friday as the dollar retreated from its high levels, but the precious metal is still on track to record a weekly decline as investors focus on the increasingly strong US data. Gold rose in spot transactions 0.3 percent to $1,925.14 per ounce by 0545 GMT, but …

The US dollar is still strong, and on Friday it will try to hold onto or increase its weekly gains. Japan will make its Q2 GDP figures public during the Asian session. The Canadian jobs report will be the day’s main event later on.The Nasdaq fell 0.89%, while the Dow …

Even if other countries are suffering from the effects of tight monetary policy, the US economy is nevertheless robust. The US service sector is experiencing strong demand, which would allow the Federal Reserve to keep the door open for additional policy tightening. In comparison to estimates and the previous report …

On Thursday, the USD/JPY pair dropped over 0.30% in the direction of 147.20 on rising anticipation that the Bank of Japan (BoJ) will act to halt the JPY’s collapse. Although the USD is stabilizing, the Federal Reserve’s hawkish wagers have limited the dollar’s potential loss. The pair is roughly trading …