Forex Market

Mohammad Hashad, Director of the Research and Development Department at Noor Capital and member of the US Association of Technical Analysts, commented on the developments of the global financial markets, especially the interest rate hike in the UK that exceeded expectations, as now experts began to expect that there is …

Gold is trading at $1922 per ounce at the time of writing, up by +0.46% versus the previous closing price. During the months of April and May, the price of Gold breached the $2,000 mark and was only within a few Dollars away of the record high. Analysts even expect …

Beijing on Friday raised its hot weather alert to “red,” the highest level in a color system for weather warnings, with temperatures in many parts of the Chinese capital reaching 40 degrees Celsius. The Beijing Meteorological Administration said the capital’s official temperature, measured from the Southern Suburbs Observatory, was 40 …

European stocks opened lower on Friday at the end of a week marked by a lot of monetary policy decisions from central banks, which supported views that interest rates may remain high for a longer period, while Siemens Energy plunged after the company withdrew its annual profit forecast. The pan-European …

On Friday, gold prices are heading for the largest weekly loss since February, as the dollar received support from expectations of the Federal Reserve raising interest rates again this year, which pushed the non-yielding yellow metal to its lowest level in more than three months. By 0246 GMT, spot gold …

“As the Fed tightens policy, a recession remains a risk,” noted US Treasury Secretary Janet Yellen late Thursday. The policymaker also added, “It is not appropriate to debate the 2% inflation target at this time.”US Treasury Secretary Yellen also said that to ease Consumer Price Index (CPI), consumer spending may …

Gold Price renewed three-month low after five-day losing streak. It looks pressured on the hawkishness adopted recently by central banks. This hawkish stance amplifies economic fears and underpin the American currency’s demand, weighing on the Gold Index. Mostly upbeat US data, positive statements by Fed Chair Jerome Powell also bolstered …

The Natural Gas Index (XNG/USD) is trading at $2.637 MMBtu, at the time of writing, entering the US session on Thursday. Natural gas price pulls back after gas storage data beats estimates. In other words, natural gas corrects on intraday charts after Natural Gas Storage data shows an unexpected rise …

Recent rate increases by central banks, headed by the BoE on Thursday, fuel concerns about a decline in oil demand. Despite recent decreases in OPEC+ output and an unexpected drop in US petroleum stocks, WTI declines. In light of worries about an economic downturn, traders are turning their attention to …

The USD/JPY pair is climbing to a YTD peak of 142.88 as Fed Chair Jerome Powell’s hawkish commentary strengthens the US Dollar. Global economic slowdown fears resurface as major central banks, including the Bank of England, tighten monetary conditions.The USD/JPY benefits from rising bond yields and dovish commentary from Bank …