Forex Market

The Federal Reserve’s approach to monetary policy remains steady yet vigilant, as highlighted by Chairman Jerome Powell during his recent testimony on the Semi-Annual Monetary Policy Report before the Senate Banking Committee. The focus? Inflation trends and the enduring strength of the U.S. dollar as the global reserve currency. Here’s …

U.S. Stock Futures Edge Up Amid Ceasefire and Powell’s Testimony U.S. stock futures traded modestly higher on Wednesday as investors cautiously responded to the fragile ceasefire between Israel and Iran, while also digesting the latest commentary from Federal Reserve Chair Jerome Powell. This shift in sentiment comes after a positive …

Oil prices saw a modest rebound on Wednesday, following sharp declines in the previous two sessions, as traders evaluated the U.S.-brokered ceasefire between Israel and Iran. As of 06:00 ET (10:00 GMT), Brent oil futures for August rose 0.9%, reaching $66.74 per barrel, while West Texas Intermediate (WTI) crude futures …

Gold prices saw a modest uptick in Asian trade on Wednesday after suffering sharp losses in the previous session, as a weaker U.S. dollar helped to provide some relief, despite the easing of geopolitical tensions following the ceasefire between Israel and Iran. Spot gold rose 0.2%, reaching $3,329.93 an ounce, …

The EUR/USD pair has climbed 0.39%, trading near its yearly high of 1.1641, fueled by a weakening US Dollar following a ceasefire between Israel and Iran. This de-escalation has eased safe-haven demand for the Dollar, lifting market sentiment and pushing the US Dollar Index (DXY) down by 0.47% to weekly …

A tentative ceasefire between Israel and Iran has sparked optimism, driving investors toward riskier assets and away from the safe-haven US Dollar. This shift has fueled a four-day decline in the US Dollar Index (DXY), which nears multi-year lows around 97.70. As market sentiment turns bullish, major currency pairs and …

Federal Reserve Chair Jerome Powell’s hawkish, measured rhetoric during his June 2025 House testimony sent gold prices tumbling, compounded by easing Middle East tensions. XAU/USD fell 1.52% to $3,315.818, reflecting a weaker US Dollar and fading safe-haven demand. Other assets, including the dollar, silver, Treasuries, and oil, also shifted. This …

Canada’s inflation rate remained at 1.7% in May 2025, according to Statistics Canada, signaling a complex economic landscape for the Bank of Canada (BoC) as it approaches its July 30 rate decision. While the data shows progress in some areas, persistent pressures and looming tariff impacts raise questions about the …

The US Dollar faces downward pressure as a ceasefire between Israel and Iran shifts market sentiment, overshadowing hawkish remarks from Federal Reserve Chair Jerome Powell. The US Dollar Index (DXY), which tracks the dollar against six major currencies, has slipped below 98.00, trading near 97.65, just above its June low …

Federal Reserve Chair Jerome Powell stated on Tuesday that the central bank is prepared to keep interest rates unchanged for the time being while closely monitoring economic developments, according to his prepared remarks for the Semiannual Monetary Policy Report to Congress. Powell noted that the U.S. economy is in a …