Forex Market

The Russian ruble rose during trading today, to the highest level in more than a month, to continue its gains for the fifth consecutive session, as oil prices stabilized after the recent decline, which somewhat reduced the impact of the decrease in the supply of foreign currencies in Russia. The …

Gold fell on Friday from near record highs as investors await more economic indicators, but it is still on track to post its best week in nearly two months as hopes of halting interest rate hikes in the United States and banking problems increased demand for a safe haven. And …

European stock markets traded higher Friday, as investors digested more corporate newsflow, the European Central Bank’s monetary policy decision ahead of the key U.S. jobs report. At 04:00 ET (08:00 GMT), the DAX index in Germany traded 0.3% higher, the FTSE 100 in the U.K. climbed 0.4%, and the CAC …

Gold prices stabilized on Friday, but were heading towards recording the largest weekly increase in nearly two months, as hopes of stopping the Federal Reserve raising interest rates and concerns of the banking sector boosted the appetite for the precious metal, which is considered a safe-haven asset. And by 0039 …

Wall Street dropped again due to banking concerns, and US bond yields hit fresh monthly lows amid expectations of rate cuts from the Federal Reserve during the second half of the year. Although the US Dollar Index (DXY) rose modestly, boosted by the decline in EUR/USD, the Greenback lost ground …

Will nonfarm payrolls support Fed’s pause in June? Nonfarm payrolls are an economic indicator that reflects the state of the labor market and the contribution to gross domestic product. They are also known as the jobs report or non-farms. In this context, nonfarm payrolls will be used as a test …

The Bank of Canada´s Governor Tiff Macklem said in a prepared speech at the Toronto Region Board of Trade that if they start to see signs that inflation is likely to get stuck materially above their 2% target, they are prepared to raise interest rates further. The BoC decided to …

The Gold Index hits new highs as Fed signals QT pause, though profit-taking weighed on the precious metal’s price which is trading around $2050.00 at the time of writing.The labour market eases as US Initial Jobless Claims rise to 242K, but Continuing Claims fall to 1.81 M. Gold could dip …

After the Federal Reserve decided to raise rates by the same amount on Wednesday, GBP/USD surged to new highs. The ECB’s statement that went along with it emphasised signs of ongoing inflation pressures in the Eurozone. Following hawkish remarks made by Christine Lagarde, president of the European Central Bank, on …

US Dollar suffered heavy losses against its rivals on Wednesday. Markets expect the Fed to pause its tightening cycle in June following the latest policy decisions. US Dollar Index holds above 101.00 but the bearish bias stays intact. The dollar continued to weaken against its rivals late Wednesday and the …