Forex Market

The dollar rose on Thursday near its highest levels in two weeks as US Treasury yields rose and investors’ appetite for riskier currencies declined. The yen’s exchange rate exceeded the level of 150 against the dollar, creating a state of concern among traders about the possibility of government intervention to …

Japan’s Nikkei closed at the close, recording its worst daily performance in three weeks on Thursday, with chip-related stocks leading a broad selling wave amid rising long-term yields and US technology stocks falling overnight. The Nikkei fell 2.14 percent to close at 30,601.78 points, near the lowest level recorded during …

European stocks fell on Thursday due to rising US Treasury yields and a series of weak earnings reports, before the European Central Bank announced its monetary policy decision later on Thursday. By 0707 GMT, the European STOXX 600 index fell 1.1 percent following Wall Street’s decline on Wednesday, with long-term …

The US Dollar Index rose for the second consecutive day, rising above 106.50, the highest level since last Friday. The dollar received a boost from higher Treasury yields and deteriorating market sentiment following the latest round of earnings results. The Dow Jones dropped 0.32%, and the Nasdaq lost 2.43%. The …

With a gain of over 0.56%, the price of gold has risen to a new weekly high of $1987.25. This is because US business activity is starting to pick up steam, as shown by September’s record-breaking new home sales and the S&P Global PMIs.The US 10-year Treasury bond yield has …

Following weeks of party infighting that left the House in disarray, Rep. Mike Johnson won the speakership on Wednesday without losing any GOP votes. The lawmaker from Louisiana has been an outspoken advocate for the late President Donald Trump and played a significant role in the congressional effort to rig …

The US Dollar extended last US session’s gains, but the upward momentum is seen as weak. The US reported positive housing market data, and the 5- and 10-year US Treasury yields recovered, while the shorter-term 2-year rate declined. The Dollar Index climbed higher on Wednesday, rising towards a six-day high …

Amidst growing geopolitical tensions in the Middle East, risk aversion remains the driving force behind the financial markets. The GBP/USD pair hit a three-day low of 1.2113, with sellers aiming for the next support level at 1.2100. The US economy is doing well, according to economic data; in September, new …

Bill Ackman has just been crowned as the new king of the bond market as the US national debt and deficit reach historic highs. Ed Yardeni, an economist who spent decades on Wall Street at firms like Deutsche Bank, believes that bond guards are once again out in force, with …

Tiff Macklem, Governor of the Bank of Canada (BoC), explains the BoC decision to leave the interest rate unchanged at 5% after the October policy meeting and responds to questions from the press.Key Quotes“Could certainly be two or three quarters of small negative growth.”“Not predicting a deep recession with a …