Forex Market

In June 2023, the Eurozone’s current account surplus reached €36 billion, a significant increase from €8 billion. This increase was attributed to surpluses in goods, services, and primary income, with a slight deficit in secondary income.However, the 12-month overview showed a minor deficit of €9 billion, compared to a significant …

Thomas Barkin, President of the Federal Reserve Bank of Richmond has emphasized the need for the Fed to be open to the possibility of the US economy reaccelerating rather than slowing, which could have implications for the central bank’s inflation fight. The US Dollar Index clings to daily gains above …

Turkey’s official Anadolu news agency quoted diplomatic sources as saying that Foreign Minister Hakan Fidan will visit Ukraine on Friday. Turkish officials have repeatedly expressed their desire to mediate between Russia and Ukraine for the return of the grain export agreement through the Black Sea. Russia has imposed a blockade …

European stocks rose in early trading on Tuesday, with technology stocks leading the gainers, with the rise of chip makers, supported by the rise of their counterparts on the Wall Street Stock Exchange on Monday night, amid anticipation of the announcement of the results of NVIDIA. The pan-European STOXX 600 …

Although a sparse macroeconomic calendar kept key pairs at known levels, the US dollar lost some gain on Monday. While government bond yields increased, reflecting the prevailing cautious approach, market sentiment remained negative. Investors’ concerns that global central bankers will continue their monetary tightening programmes to control inflation caused the …

After six straight days of losses, the EUR/USD is now trading near 1.0900. at the time of writing, the pair is seen at 1.0895. Upside inflation concerns were alluded to in the German Buba Monthly Report, which encouraged hawkish bets on the European Central Bank. Investors are looking forward to …

After recording its first weekly gain in five weeks, GBP/USD gradually increases. The opposition Labour Party in the UK projects the weakest growth among the G7 nations. Bullish triangle formation and an impending bull cross on the MACD tempt purchasers of cable.Bulls breached boundaries early on Tuesday in Asia, breaking …

Land sales and personal budget cuts are being greatly impacted by the real estate crisis in China, which has reduced retail sales, investment, exports, and industry output. After three years, the government’s “zero covid” initiatives have not generated the promised roar but rather a whimper. Two-thirds of personal wealth and …

The USD/JPY pair soared above 146.00, posting daily gains of more than 0.60%. Following the PBoC rate drop, the Yen is slipping. The pair is trading at 146.16 at the time of writing.On Thursday’s session, investors anticipate the annual Jackson Hole Symposium. The USD/JPY is up around 146.20 at the …

The yen was trading at 145.87 to the dollar on Monday, having been as weak as 146.56 last week. “We think that the MoF (Ministry of Finance Japan) will not intervene in the FX market at around (the) 145 level. Our threshold level of JPY buying intervention is around 150,” …