Forex Market

European stocks fell on Monday, tracking their Asian counterparts, as investors await more economic data this week and the results of some major US companies, as well as prominent banks and consumer companies in Europe. The European STOXX 600 index fell 0.2 percent by 0710 GMT, while oil and gas …

Gold prices fell on Monday for the second consecutive session as investors’ focus turned to Federal Reserve meetings to clarify its strategies to raise interest rates, which could highlight any progress in taming inflation. The spot gold price fell 0.1 percent to $1,980.89 an ounce by 0613 GMT. US gold …

Wall Street moved in an erratic manner, ending the trading week with minor losses. The major indices retreated from their monthly highs. The mid-May rally has encountered resistance. The stock market appeared to be heading nowhere on Friday due to a lack of conviction, a week’s worth of company financial …

During Friday’s early US session, the Euro is declining significantly versus its largest equivalent, the US dollar. Better-than-expected US S&P Global PMI figures have allayed fears of a recession and are helping to underpin the currency. As the banking crisis appears to be behind us once more, the war against …

Amid a new round of USD purchasing, the USD/JPY quickly recovers from the weekly low. The positive US PMIs support future Fed rate hike predictions and strengthen the US dollar. Spot prices are still on course to post moderate rises for a second straight week.During the early North American session, …

S&P Global Composite PMI increased to 53.5 (flash) from 52.3 in March, indicating that the private sector of the US economy continued to grow at a brisk rate in April. This figure was higher than the 52.8 market forecast.In the same time, the S&P Global Manufacturing PMI increased to 50.4 …

The Philadelphia Fed said that the last week saw an increase in first jobless claims in the US as manufacturing output fell. Although rates need to be higher, Cleveland’s Fed Loretta Mester is pleased with the progress on inflation.Following data from the United States that shows more economic deterioration, which …

The second half of the week is challenging for the US dollar to keep its ground. USD is impacted by disappointing US macroeconomic data releases. The major Wall Street indices trade in the red following the opening bell.The US dollar struggles to keep its footing following Wednesday’s meager rebound. Although …

European stocks fell on Thursday after the mixed results of a number of companies listed on the Wall Street Stock Exchange, while investors await more economic data from the euro zone and corporate results to assess the strength of the region. The European Stoxx 600 index fell 0.2 percent, and …

Financial markets experienced volatility on Wednesday, with strong price increases in currencies and metals. US stocks fluctuated between gains and losses, and although the US Dollar somewhat increased, it fell during the American session. Economic Data Fed’s Beige Book states that “economic activity was hardly changed in recent weeks. The …