Forex Market

Gold prices fell on Monday, weighed down by a stronger dollar, as investors cautiously await the Federal Reserve’s decision to raise interest rates later this week. By 0531 GMT, spot gold fell 0.5 percent to $1980.42 an ounce, and US gold futures fell 0.5 percent to $1989.10. The dollar index …

The euro fell on Friday after economic data painted a mixed picture on growth and inflation in the euro-zone, adding to uncertainty about the percentage by which the European Central Bank is expected to raise interest rates next week. Preliminary data showed gross domestic product in the euro zone grew …

A two-day rally on Wall Street began on Friday as a result of larger-than-expected results from the tech sector. Amid renewed worries about First Republic Bank and the gloomy outlook for global growth, the optimistic mood may, however, not last long. The incoming economic data will be eagerly watched, but …

Gold price makes minor gains as stickier inflation prompts the Federal Reserve to tighten. Gold price registers minimal gains, as traders brace for the weekend, gains 0.16%% after data from the United States (US) showed that inflation remains at high levels, justifying the need for further tightening by the US …

The Personal Consumption Expenditures Price Index declined to 4.2% on a yearly basis in March from 5.1% in February, according to the US Bureau of Economic Analysis. The annual Core PCE Price Index, the Federal Reserve’s preferred gauge of inflation, edged lower to 4.6% from 4.7% in the same period, …

The GBP/USD pair turned positive for the third straight day and climbed to a two-week high on Friday. The US dollar retreats from a two-and-half-week-high touched this Friday in reaction to the softer US macro data, which is seen lending some support to the GBP/USD pair. The pair’s uptick, marking …

European stocks rose on Friday, echoing overnight gains on Wall Street, supported by strong corporate earnings as investors awaited first-quarter GDP growth estimates in the euro zone to assess the strength of the region’s economies. The pan-European Stoxx 600 rose 0.3 percent, but was on track for its first weekly …

On the back of positive earnings announcements, Wall Street saw its best day in a week on Thursday, with the Dow Jones rising 1.57% and the Nasdaq rising 2.43%. Surprisingly, Meta Platforms increased by approximately 14% on Thursday. Companies including Exxon Mobil, Chevron, PetroChina, China Construction Bank, Sony, and Mercedes-Benz …

The EUR/USD pair seesaws around 1.1030 after a volatile US session. The pair is trading at 1.1026 at the time of writing. On Thursday, the first readings of the US Gross Domestic Product (GDP) for the first quarter (Q1) of 2023, also known as Advance readings, marked mixed outcomes. Headline …

US growth data comes in below expectations. US Dolla rises across the board boosted by US yields.AUD/USD up marginally, off highs after losing ground for four days in a row.The AUD/USD is rising marginally on Thursday after it trimmed gains on the back of US economic data. The pair peaked …