Forex Market

US stocks ended trading on Friday with a sharp decline, with chip makers falling on concerns about weak demand, while rising Treasury yields pressured shares of Amazon and other growth companies with huge market value. Shares of chip equipment maker Applied Materials, Lam Research and KLA Corp fell after Reuters …

China’s factory output and retail sales grew at a faster pace in August, but tumbling investment in the crisis-hit property sector threatens to undercut a flurry of support steps that are showing signs of stabilising parts of the wobbly economy. Chinese policymakers face a daunting task in trying to revive …

The US Dollar flattens on Friday as investors take profits after a rally on Thursday. The Euro’s lackluster performance after the ECB’s dovish hike has led to traders selling the Euro in the belief the Eurozone economy will crash. Retail Sales data from the US and Producer Price Index numbers …

UoM Consumer Confidence Index declined more than expected in September. In an obvious reaction, the US dollar retreats across the board, DXY hits fresh daily lows under 105.20. Consumer sentiment in the US weakened in August, with the University of Michigan’s (UoM) Consumer Confidence Index declining to 67.7 from 69.5. …

Gold prices stabilized on Thursday near their lowest levels in three weeks, which they touched in the last session after the release of US inflation data, which reinforced expectations that the Federal Reserve will stop raising interest rates next week. By 0747 GMT, spot gold prices stabilized at $1,905.49 per …

The dollar stabilized in Asian trading on Friday, retreating slightly from the gains it achieved on Thursday against other major currencies, while the yuan rose following the release of some strong economic data from China. The dollar jumped on Thursday after US retail sales received a boost from a 0.6 …

Market Drivers – US Session, September 14, 2023The EUR/USD pair resumed its downtrend, falling to the 1.0630 area. It posted the lowest daily close in months and remains under pressure. EUR/CHF suffered its worst day in months, dropping from weekly highs at 0.9600 to 0.9530, with a crucial support area …

The USD/CAD exchange rate has lost 1.3515 for the sixth consecutive day, with the US PPI increasing by 1.7% YoY in August. Retail sales were strong, and expectations of a Fed tightening loosened slightly. The number of Jobless Claims for the second week of September was less than anticipated.The USD/CAD …

After passing the $2,000 bar in the spring, Gold experienced weakness over the summer. Economists at Société Générale analyze the yellow metal’s outlook. The precious metal is trading at $1906.69 per ounce at the time of writing.While core inflation is stubbornly high and short-term headline inflation is still cooling, the …

The European Central Bank raised interest rates by about 25 basis points, continuing the monetary tightening policy that has been in place for more than a year. According to the monetary policy decision issued today, September 14, the bank raised the deposit interest rate (base interest rate) by 25 basis …