Forex Market

The EUR/USD showed surprising resilience despite softer economic signals from Europe’s largest economy. A key business survey from Germany pointed to slowing momentum, with confidence indicators slipping amid rising geopolitical tensions in the Gulf and persistent concerns over energy costs.Still, the euro largely brushed off the negative data. Instead of …

A major cloud hanging over US monetary leadership has lifted after authorities moved to end an investigation into Jerome Powell, removing a key obstacle that had delayed a potential transition at the top of the Federal Reserve.The inquiry had centered on Powell’s congressional testimony regarding cost overruns tied to the …

Key Takeaways First weekly gain in three: The U.S. dollar is on course for its first weekly advance in three weeks, buoyed by safe-haven flows amid the U.S.-Iran standoff. Index steady: The dollar index held broadly flat at 98.80, with the euro unchanged at $1.1686 and the British pound ticking …

Key Takeaways Broad-based slide: The pan-European Stoxx 600 fell 0.4%, with Germany’s DAX down 0.1%, France’s CAC 40 off 0.4%, and the U.K.’s FTSE 100 losing 0.4%. Fragile ceasefires: Trump’s three-week extension of the Israel-Lebanon truce faces doubts after Hezbollah was excluded from the talks, while the indefinite U.S.-Iran ceasefire …

Key Takeaways Headline beat: UK retail sales jumped 0.7% month-on-month in March, dramatically outperforming the 0.1% gain analysts had forecast. Annual strength: Year-on-year retail sales climbed 1.7%, comfortably above the 1.3% expected by the market. Excluding fuel: Monthly sales excluding fuel edged up 0.2%, topping predictions of no change from …

The US dollar extended its upward momentum, with the Dollar Index (DXY) holding near the 98.70 region and maintaining its position close to two-week highs. The move reflects a combination of resilient US economic data and ongoing geopolitical uncertainty that continues to support demand for the greenback.Strong US Data Reinforces …

April’s Purchasing Managers’ Index (PMI) data paints a stark picture of how the ongoing conflict between the United States and Iran is reverberating across the global economy. The shock is not uniform, but its effects are unmistakable: rising energy costs, disrupted supply chains, and mounting inflationary pressures. Energy, shipping, and …

The USD/JPY pair remained steady near recent highs on Thursday, holding around the 159.45 level after three consecutive days of gains. The pair continues to benefit from a stronger US dollar, supported by persistent geopolitical tensions in the Strait of Hormuz that are keeping energy prices elevated and markets on …

Key Takeaways: Equities edge lower: U.S. stocks opened in the red, with the Nasdaq slipping 0.4%, as lingering Middle East tensions weighed on early trading sentiment. Geopolitical gridlock: Despite President Trump extending the U.S.-Iran ceasefire, Iran’s seizure of commercial vessels in the Strait of Hormuz keeps peace talks deeply uncertain. …

Key Takeaways: Diplomatic Deadlock: Uncertainty surrounds future peace talks, with Vice President JD Vance’s diplomatic trip on hold and Iran refusing negotiations under an active American blockade. Aggression in the Strait: Iran attacked three ships in the Strait of Hormuz, seizing two, in direct retaliation for the ongoing U.S. naval …