Forex Market

The US consumer price inflation looks to have negatively surprised the consensus. Economists still predict that the Fed will hold interest rates steady until June 2024, when they will start to cut them. In other words, October saw a decrease in inflationary pressures.With fuel prices acting as a major drag …

The battered yen remained stuck near a three-decade low against the dollar on Tuesday and struggled to stem losses as the Bank of Japan’s ultra-loose monetary policy continued to conflict with expectations of interest rates remaining high for longer periods elsewhere. The Japanese currency recorded its lowest level in 15 …

European stocks rose on Tuesday, led by auto and basic resources shares, as investors awaited US inflation data that may provide a clearer picture of the Federal Reserve’s monetary policy outlook. By 0810 GMT, the European STOXX 600 index rose 0.1 percent after a broad rise in the previous session. …

Japan’s Nikkei index closed higher on Tuesday amid optimism that local companies will continue to announce strong forecasts as the yen remains near its lowest level in three decades against the dollar. The Nikkei rose 0.34 percent to close at 32,695.93 points, while the broader Topix index rose 0.37 percent …

The US Consumer Price Index is the crucial report on Tuesday. The Australian Westpac Consumer Confidence Index and the National Australia Bank’s Business Survey are due during the Asian session. Later in the day, the Eurozone will release Q3 GDP and employment figures, the UK will report jobs data, and …

The federal government faces a shutdown next week if Republicans and Democrats in Congress cannot agree on a spending plan. Moody’s has reaffirmed America’s credit rating to “negative” due to concerns about the nation’s worsening fiscal position and political polarization. The change, which falls short of a downgrade to the …

A downward trend is observed in the EUR/GBP ahead of Tuesday’s key data points. After a consistent increase last week, the Euro is now declining. A major data double-header featuring labour, wages, and GDP figures for the UK and the EU is causing the EUR/GBP to weaken. As we approach …

The GBP/JPY is trading into the high side, following a spike in Yen rates due to Yen options expiries. However, the moves were short-lived, and the pair is now trading back into recent highs. Japanese Finance Minister Shunichi Suzuki warned that the Japanese government is closely monitoring currency markets, which …

The Euro is trading below the 1.0700 level against the US Dollar, with European stocks maintaining positive performance. US inflation figures are expected to drive market sentiment this week, as the Euro loses its initial shine against the USD. The dollar’s upward movement to the pivotal level of 106.00 has …

The US dollar is mildly in green territory, with traders focusing on Tuesday and Wednesday as pivotal points this week. The Dollar Index is expected to make no significant moves with a light Monday calendar. The AUD/USD and the USD/SEK pairs are outliers gaining against the US dollar. Markets experience …