Forex Market

Financial markets are anxiously awaiting data on Chinese inflation during the Asian session, details on New Zealand’s electronic card retail sales, and expectations for the third quarter’s inflation rate from the Reserve Bank of New Zealand.Among the upcoming figures for Japan are machine tool orders for July. Due to lower …

Due to worries about both the Chinese economic recovery and the expansion of the global economy, the GBP/USD decreased by 0.36%, remaining below the 1.2800 mark. The US dollar (USD) has been a steadfast advocate for rate stability, despite Michelle Bowman of the Fed’s push for additional rate increases. Negative …

The Eurozone region presents a number of difficulties for the logistics industry, including supply chain disruptions, a talent gap, geopolitical unpredictability, complicated trade regulations, increased transportation costs, protracted lead times, and employee shortages. Brexit has been a significant impact, but other elements including the epidemic, a shortage of materials, and …

WTI fell to a low below $80.00 and then jumped back above $82.00, clearing most of its daily losses. China reported weak Trade Balance data, with Exports and Imports coming in weaker than expected in July. The American crude oil is trading at $82.58 at the time of writing.A stronger …

Philadelphia Federal Reserve Bank President Patrick Harker said on Tuesday that they will probably start lowering the policy rate sometime next year.The US Dollar Index retreated slightly from daily highs following the comments. As of writing, the index was still up 0.5% on the day at 102.54.Harker argued that they …

Due to China’s trade numbers for July coming in below forecasts, the Australian dollar has fallen, which has decreased demand for commodities, particularly for Iron Ore, Australia’s biggest export. This prompts worries about the downturn in China, the bust of the housing bubble, and the downfall of the world economy. …

The dollar consolidated its gains on Tuesday as dealers struggled to keep pace with the divergent growth forecasts of the world’s two largest economies, but they took little notice of a disappointing new batch of Chinese trade data. Data on Tuesday showed China’s imports and exports fell much faster than …

Gold prices fell on Tuesday as the dollar regained some stability amid investors’ anticipation of US inflation data due this week to get a clearer picture of the prospects for raising interest rates. Spot gold fell 0.2% to $1933.24 an ounce by 0645 GMT, and US gold futures fell 0.1% …

European stocks fell on Tuesday as Italian banks came under pressure after the cabinet approved a 40 percent tax on bank windfalls, and persistent inflation in Germany and weak trade data in China weighed on risk appetite. The pan-European Stoxx 600 index was down 0.3 percent by 0707 GMT. Shares …

The start of the new trading week has been uneven for currencies, with the US dollar falling during the American session. The US Dollar Index ended the day unchanged, remaining close to the 102.00 mark. While the 2-year rate decreased to 4.76%, the US 10-year Treasury yield increased to 4.1%.Economic …