Forex Market

Official data from the Office for National Statistics revealed that British retail sales suffered their most significant decline in almost three years in December. This raises concerns about the possibility of the economy entering a recession towards the end of last year. The report indicated that early Christmas preparations, particularly …

European stocks opened higher on Friday, supported by gains in financial stocks, though the main index was on track for a weekly decline after investors tempered their expectations for an interest rate cut following recent comments from policymakers. As of 0818 GMT, the European STOXX 600 index was up by …

The dollar is on track for its second consecutive weekly gain, driven by indications of the robustness of the US economy. The cautionary stance of central bank officials regarding an immediate interest rate cut has tempered traders’ expectations for a swift and substantial reduction. Both the Australian dollar and New …

Japan’s core Consumer Price Index (CPI) surged by 3.1% last year, marking its highest level since 1982. Data released by the Ministry of Internal Affairs and Communications on Friday, January 19, revealed that the consumer price index, excluding fresh food items, witnessed a 2.3% year-on-year increase in December. This was …

Thursday was the day of robust data. Strong data, rate cut bets bolstered the US dollar again. Another positive set of results in US key indicators boosted the upside bias in the US dollar and underpinned the tighter-for-longer narrative around the Fed. The same view seems to emerge around the …

US workers are receiving smaller cash bonuses this year, indicating that employers are less concerned about losing talent than in recent years. The average cash bonus paid to employees last month was $2,145, down 21% from the previous year, according to payroll software company Gusto. Every industry posted a decline, …

As of this writing, the price of gold has increased by +0.85 to around $2023 per ounce, indicating that investors are still waiting for more information regarding the US Federal Reserve’s future course for interest rates.High demand for safe haven assets during the Middle East crisis has helped gold. It …

The Swiss Franc is experiencing one of its worst weeks in over one year, with concerns mounting that the strength of the Swiss Franc could hamper policy transfer. The Swiss National Bank Chairman Thomas Jordan warned that an appreciating Franc could harm the Swiss economy, sending inflation rapidly lower. The …

US Treasury bond yields have continued to surge since the beginning of daily trading on Thursday, driven by the improvement shown by data that highlighted an improvement in the housing sector as well as in the labour market in the United States.Ten-year US Treasury bond yields rose to 4.140% compared …

The Euro declines versus the majority of its major currency peers as most Euro investors adjusted their position. Both the Federal Reserve and the European Central Bank have made a major verbal effort to dampen market expectations for a faster rate-cutting pace. Both European and American policymakers issue a warning, …