Forex Market

The USD/CAD currency pair gained on Tuesday, moving up more than 0.7% from a day’s low of 1.3524 to a high of 1.3637. The risk sentiment in Europe has deteriorated due to resurfacing banking concerns, and this is sinking all ships, with high beta currencies like the Canadian Dollar bearing …

After reaching a weekly high of 1.2507, the GBP/USD pair changes direction and declines to the 1.2397 level, at the time of typing, as a result of risk aversion that caused flows towards safe-haven assets. Despite the fact that US Treasury bond yields are falling, the US Dollar (USD) is …

European stocks fell on Tuesday as investors weighed more corporate results and comments from European Central Bank policy makers on interest rate expectations. The European Stoxx 600 index fell 0.4 percent by 0718 GMT, affected by the decline in the mining and banking sectors, 1.8 percent and 1.5 percent, respectively, …

China’s gold production rose 6.9 percent in the first quarter of 2023, returning to pre-pandemic levels, thanks in part to a jump in demand for gold and jewelry, as investors sought a safe haven away from financial market volatility. China’s Association of Gold Companies said on Tuesday that China’s production …

The US dollar declined more during a lacklustre US session as Wall Street indexes rose. The S&P 500 increased 0.09%, the Nasdaq declined 0.29%, and the Dow Jones increased by 0.20%. The 10-year bond rate dipped to 3.50%, but the 2-year yield rose to 4.12%. The debt-ceiling turmoil, upcoming important …

The prime minister of Malaysia claims that the US dollar is no longer required to attract foreign investment. According to data from the International Monetary Fund, the dollar made up more than 58% of the world’s reserves in the fourth quarter of last year, but the president of the European …

Interviewed on Dubai TV, Muhammad Hashad, Head of Research and Development at Noor Capital and the Member of the US Association for Technical Analysts, commented on the most important developments of global financial markets on the first day of the new trading week and most importantly what is happening in …

Gold is up +0.24% on the day, the precious metal is trading at $1987.31 at the time of writing. The price of gold is fluctuating horizontally during Monday’s US trading session due to the lack of a catalyst, but it is likely to be supported by the weakening US dollar …

Although the dollar is still weak, losses are currently contained. This week’s significant US macroeconomic data releases could influence the value of the dollar. Technically speaking, the Dollar Index is still bearish in the foreseeable future.The stronger-than-expected S&P Global PMI surveys on Friday did not help the dollar, as the …

At the start of a week that includes a widely awaited Bank of Japan meeting and the final few data releases before the Federal Reserve and European Central Bank make rate decisions in early May, the euro edged up a bit and the Japanese yen weakened. The euro was trading …