Forex Market

The US Dollar strengthened across the board amid risk aversion and higher Treasury yields, with the Dow Jones index declining by 0.85%. Concerns over the Chinese economy and expectations of higher interest rates for a longer period contributed to market worries. US Treasury yields ended the session with mixed performance, …

The Pound Sterling gains strength as UK inflation data remains high, indicating further action by the Bank of England. Technical analysis indicates a bearish tilt for EUR/GBP after breaking past the July 27 daily low of 0.8544. The pair’s immediate support lies at the YTD low of 0.8504, and a …

Equities are down and bond rates are up as investors remain cautious due to expectations of additional monetary tightening by central banks. The July Fed minutes show a unanimous vote in favour of raising rates, but growing reluctance among board members regarding possible over-tightening.Initial Jobless Claims came in at 239K, …

The USD/CHF pair retreated below 0.8800 and hit a daily low of 0.8760. FOMC minutes from the July meeting left the door open for another hike, and surging US bond yields limit the downside for the US dollar.The USD DXY Index rose to its highest level since January at 103.60, …

After losing for a second week in a row, the NZD/USD pair is trading unchanged at 0.5933. Following hawkish FOMC minutes, US Treasury yields are slightly rising. According to RBNZ Governor Orr, a slight recession is necessary.The NZD/USD traded with little losses near 0.5930 on Thursday. On the one hand, …

The USD/JPY hits YTD highs of 145.56 but trades softer at 146.12, marking a 0.15% decline. Economic concerns in China, including the fears of economic slowdown in consumption, property market troubles, and shadow banking issues, weigh on global sentiment.US Initial Jobless Claims are slightly better than expected, while the Philadelphia …

Morgan Stanley has joined a group of major banks and brokerages in lowering forecasts for China’s economic growth for this year after a series of disappointing data and concerns about the ailing real estate sector there. According to a note issued by the bank on Wednesday, it now expects China’s …

European stocks fell on Thursday, pressured by a drop in BAE Systems after it agreed to buy the aerospace unit of Bull Corp, while minutes from the Federal Reserve’s July meeting weighed on sentiment as they raised concerns about interest rates staying higher for longer. By 0713 GMT, the pan-European …

Gold prices touched a five-month low on Thursday as the dollar and US Treasury yields gained momentum after recent strong economic data boosted expectations that the Federal Reserve will continue to tighten monetary policy. The price of gold in the spot market was $ 1891.70 an ounce by 0141 GMT, …

With surging Treasury yields and risk aversion, the US dollar keeps getting stronger. Nearing 103.50, the DXY index climbed to its highest point since June and extended its winning streak to five days. The momentum of the dollar is still strong notwithstanding this rebound.According to the FOMC minutes, several members …