Forex Market

U.S. bond yields continued their ascent on Thursday, bolstered by recent statements from Federal Reserve officials and a series of unexpectedly positive economic reports. The yield on the benchmark 10-year Treasury note climbed to 4.330% from its previous close of 4.299%.This increase was fueled by comments from Beth Hammack, a …

The Dow Jones Industrial Average fell to its lowest point in over a week on Thursday as investors grew cautious about the prospects for a Federal Reserve interest rate cut in September. While some positive economic data helped to limit losses, the market remains concerned that rising inflation—fueled by tariffs—could …

As the financial world awaits Federal Reserve Chair Jerome Powell’s highly anticipated speech at the annual economic symposium this Friday, investors are holding their breath for clarity on the central bank’s stance regarding interest rates. Amid a backdrop of mixed economic signals—steady GDP growth despite a struggling labor market, and …

New data from S&P Global’s Purchasing Managers’ Index (PMI) suggests that U.S. business activity saw a surprising acceleration in August, adding to signs of a strong third quarter. The Composite PMI, which combines manufacturing and services, rose to 55.4, up from 55.1 in July. Since any reading above 50 indicates …

Forex markets are abuzz as a wave of key economic indicators, particularly the highly anticipated Purchasing Managers’ Index (PMI) data, prepares to hit the wires. This global pulse check will offer fresh insights into the health of various economies, potentially shaking up currency valuations and setting the tone for the …

In a revealing snapshot of internal deliberations, the latest Federal Open Market Committee minutes indicate that nearly all participants at the late July meeting endorsed maintaining the benchmark interest rate within the 4.25% to 4.50% range, viewing it as a prudent stance given ongoing economic uncertainties. This consensus underscores a …

Gold prices are mounting a strong recovery, climbing back above $3,345 during Wednesday’s U.S. trading session after hitting a three-week low of $3,311 earlier in Asian markets. This rebound is fueled by a retreating U.S. Dollar and declining Treasury yields, even as investors adopt a wait-and-see approach ahead of the …

Investors are eagerly awaiting the release of the Federal Reserve’s July 29-30 monetary policy meeting minutes, set to be published on Wednesday at 18:00 GMT. The document is expected to shed light on the internal discussions that led to the decision to hold interest rates steady in the 4.25%-4.5% range, …

The British pound took a hit against the US dollar on Wednesday, as escalating political turmoil at the Federal Reserve overshadowed robust inflation data from the UK. Traders, prioritizing caution amid the uncertainty, drove GBP/USD lower during the North American trading session, with the pair settling at 1.3469—a decline of …

In a fresh assessment of the U.S. economic landscape, the Federal National Mortgage Association (Fannie Mae) has adjusted its outlook for mortgage rates, signaling a slightly higher borrowing environment through 2025 before a modest decline in 2026. The government-sponsored enterprise now anticipates the average 30-year fixed mortgage rate to close …