Forex Market

European stocks rose Thursday, July 13, as US inflation data boosted hopes that the US Federal Reserve is about to end the monetary tightening cycle after the Corona virus pandemic, although a mixed set of economic data limited the increase in gains. The pan-European Stoxx 600 index rose 0.1% by …

Portugal warned that further interest rate hikes by rhe European Central Bank will put the Eurozone growth in peril. The country’s finance minister says tightening to date is not fully absorbed. Further interest-rate increases by the European Central Bank would add to the dangers for the euro-area economy as it …

The USD/CHF pair has retreated to an 8-year low due to weak US CPI data, which indicates a more balanced supply-demand situation. The Consumer Price Index shows inflation cooling, with core CPI indicating a more balanced supply-demand situation. With inflation above the Fed’s 2% target, odds for a significant rate …

The Bank of Canada announced that it will raise the benchmark interest rate by 25 basis points to 5% in July, following its July policy meeting. This decision came in line with market expectations, as the Canadian economy has been stronger than expected and more momentum in demand. The BoC …

The dollar fell, hitting a two-month low on Wednesday, July 12, against other major currencies ahead of the release of US inflation data, while the British pound rose to a 15-month high on expectations that the Bank of England will continue to raise interest rates. The yen jumped to the …

European stocks rose on Wednesday ahead of the release of US inflation data that will determine whether the Federal Reserve is close to ending its monetary tightening cycle. The pan-European Stoxx 600 index rose 0.3 percent in early trade. US data, due at 1230 GMT, is expected to show the …

The US Dollar weakened during the US trading session ahead of the key CPI data in the United States. On Wall Street, the Dow Jones gained 0.93% and the Nasdaq rose 0.55%. Gold rose to $1,940, while Silver finished flat around $23.10. Crude oil prices rose more than 2%.The improvement …

The Bank of Canada is set to announce its Interest Rate Decision on Wednesday, July 12 at 14:00 GMT. The BoC is expected to hike rates by 25 basis points (bps) to 5.00%, contrary to its pause hints1. The decision will be published alongside a Monetary Policy Report, containing updated …

The US Consumer Price Index statistics, the most significant indicator of inflation, will be released by the US Bureau of Labour Statistics on July 12 at 12:30 GMT. Here are the predictions made by the economists and analysts of 12 major banks regarding the impending United States inflation print for …

Economists are busy analyzing gold price expectations ahead of the US Consumer Price Index (CPI) report. Gold prices are finding a footing with CPI data that is awaited on Wednesday, and on that note, markets do expect to witness a below consensus CPI print, which could help the precious metal …