Forex Market

The yen fell on Tuesday after achieving its largest single-day rise since mid-July on Monday after the Governor of the Bank of Japan indicated a possible end to the negative interest rate policy, which was widely echoed in all markets. Meanwhile, the dollar recovered some of its losses after recording …

Gold prices stabilized on Tuesday as investors awaited a US inflation reading that could update views on interest rates after the Federal Reserve kept the door open to further tightening monetary policy. gold settled in spot transactions at $1,922.30 per ounce, while US gold futures fell 0.1 percent to $1,946.10. …

New Zealand will release data on electronic card retail sales during the Asian session, and Australian confidence polls are also due. The UK employment statistics and the German ZEW survey will be the important reports later in the day. After several days of advances, the US Dollar Index’s (DXY) winning …

The EUR/JPY pair is trading around 156.60, or its lowest point since early August. Governor Ueda said that a shift in course might happen before the year is over. The ECB’s decision to hike rates on Thursday is still up for debate in the markets.On Monday, the EUR/JPY varied between …

The EUR/USD pair increased to 1.0755, a four-day high. Prior to the ECB decision on Thursday, expectations for the tightening ECB remain stable. The US CPI data for August are expected on Wednesday. The EUR/USD rose towards the 1.0755 region at the beginning of the week, with gains of more …

Due to Saudi Arabia and Russia’s agreement to reduce output by 1.3 million barrels through the end of the year, WTI crude oil is currently trading at $86.62. Oil prices are supported by China’s strong economic indicators and Japan’s probable end to negative interest rates.As supply cuts from Saudi Arabia …

The Bank of England’s Monetary Policy Committee member Catherine Mann stated on Monday that overtightening is simpler to correct than not changing interest rates. She continued by saying that overshoot would result from underestimating how long inflation would last. The GPB/USD pair is trading at the highest level in five …

The Japanese yen jumped Monday, September 11, after comments by Bank of Japan Governor Kazuo Ueda raised hopes that the country may soon enter a new era away from negative interest rates, while the dollar fell ahead of US inflation data scheduled for release this week. The Japanese currency rose …

The Central Bank of Turkey said Monday, September 11, that the country’s current account surplus turned into a deficit of $5.466 billion in July, which exceeds Reuters expectations of a deficit of $4.5 billion. The country’s current account registered a surplus of $651 million in June. In 2022, Turkey’s current …

Turkey’s annual inflation slowed for the seventh month in a row, reaching 38.2% against expectations of 39.47%. In June, inflation recorded 39.5%, after a slowdown from record levels in October 2022, which reached 85.5%. On Thursday, June 22, Turkey’s central bank raised the country’s main interest rate, nearly doubling it …