Forex Market

The Bank of England (BoE) will release its monetary policy decision on Thursday at 11:00 GMT. Along with the decision, the meeting minutes and the Monetary Policy Report will be made public. Following the announcement, Governor Andrew Bailey of the Bank of England will attend a news conference at 11:30 …

US stock index futures fell on Wednesday as investors anticipated a crucial inflation data to determine if the Federal Reserve was effective in bringing down increasing costs. The Consumer Price Index (CPI) is predicted to have increased 0.4% last month after increasing 0.1% in March, while the so-called core CPI …

Official Turkish data showed on Wednesday that the country’s industrial output jumped 5.5 percent in March on a seasonally adjusted basis and in light of calendar factors from the previous month, a month after devastating earthquakes hit the south of the country. The Turkish Statistical Institute said output fell 0.1 …

European stocks rose slightly on Wednesday, with Credit Agricole stock rising after posting positive earnings, while investors awaited US inflation data that is likely to set expectations for a rate cut in the world’s largest economy. The pan-European Stoxx 600 index was up 0.1% by 0704 GMT. The US consumer …

Market Drivers – US Session – Mon. 09/05/2023 The US dollar rose against its main rivals, with the US Dollar Index (DXY) rising by 0.25% and posting gains for the second day in a row. However, the index still remains near the key support level of 101.00. Wall Street dropped …

Market sentiment remains divided as debt-ceiling talks fails ahead of the US inflation report. The S&P500 Futures print mild gains, US 10-year Treasury bond yields snap four-day winning streak. Updates about US default, banking fallouts can entertain traders ahead of US CPI for April. Risk profile stays sluggish during early …

US President Joe Biden and top lawmakers failed to break a deadlock on Tuesday in face-to-face talks over raising the $31.4 trillion US debt limit but vowed to meet again with just three weeks before the country may be forced into an unprecedented default.Biden called the meeting “productive” and reported …

The Gold Index XAU/USD rallies on Tuesday, benefiting from concerns over the US debt ceiling and slowing Chinese manufacturing activity.Falling US Treasury bond yields support gold prices despite strong US Dollar. Eyes are focused the upcoming US CPI data, which has the potential to impact gold prices. Gold price is …

The British pound drops to around the 1.26 handle ahead of key macroeconomic events for the week.  The Pound Sterling is likely to be impacted by the Bank of England meeting on “Super Thursday”. The US Dollar will look for impetus from the US Consumer Price Index data for April …

US Dollar manages to stay resilient against its major rivals on Tuesday. US Dollar Index clings to modest daily gains following Monday’s rebound. April inflation data from the US could trigger the next big reaction in USD.The US Dollar shook off the selling pressure at the beginning of the week …