Forex Market

The US Dollar has gained strength against rival currencies due to mixed data reports and Fitch’s downgrade of the US government’s credit rating. The USD Index reached its highest level in nearly a month above 102.50 in the European session before retreating to the 102.50 area in the second half …

Following its policy meeting in August, the Bank of England declared that it has increased the policy rate by 25 basis points (bps), to 5.25%. This choice was consistent with what the market anticipated. Haskel and Mann, two policymakers, voted in favour of a rate increase of 50 basis points, …

Official data showed on Thursday that inflation in Turkey jumped at the highest monthly pace in more than a year in July, due to various tax increases and the sharp depreciation of the lira. Consumer prices rose 9.49 percent month-on-month in July, exceeding expectations in a Reuters poll of 9.1 …

The dollar settled near the highest level in four weeks on Thursday, indifferent to the downgrade of the US credit rating, which cast a shadow over the financial outlook for the United States, and benefiting from strong data for jobs in the private sector. Data on Wednesday showed that US …

Gold prices settled near their lowest levels in three weeks on Thursday, after a larger-than-expected increase in US private sector jobs in July boosted bets on further monetary tightening in the United States and pushed the dollar and bond yields higher. There was little change in spot gold at 1935.20 …

US equities dropped on Wednesday following Fitch Ratings’ downgrade of the US government credit rating late on Tuesday. The Dow Jones lost 0.98%, and the Nasdaq plummeted 2.17%. US yields peaked after the release of US data and then pulled back, with the 10-year settling around 4.07% and the 2-year …

The USD/JPY pair has been higher for three weeks, with the Japanese government taking measures to defend the Japanese currency. The central bank signaled a wider tolerance limit for the benchmark 10-year Japanese Government Bonds from 0.5% to 1.0%, fueling the JGB yields to the highest level since 2014. The …

The EUR/USD pair continues its loss for the third day in a row, and fell to the 1.09370 level. The labour market in the US and in the EUR showed positive results this week and all eyes are now focusing on Friday’s NFP data in the United States.The EUR/USD is …

Gold has dropped for the second consecutive day as US bond yields rise, boosting the US Dollar. Fitch’s downgrade of US Government debt from AAA to AA+ has sparked risk aversion and impacted market sentiment, leading investors towards safety in the US Dollar and Japanese Yen. The ADP National Employment …

Following a historic downgrade of the US credit rating by Fitch Ratings, which lowered the US debt rating from the highest AAA rating to AA+, stocks have declined. The rating was lowered after lawmakers risked the country’s first default by negotiating a debt ceiling agreement earlier this year. According to …