Forex Market

Following US economic data and rising US yields, the American currency reversed previous losses and managed to gain some strength. Even in the face of a late Wall Street rally, the dollar continued to gain ground. The 30-year yield rose beyond 4%, and the 2-year reached new multi-year highs at …

The multi-day high recorded by the USD/CHF pair has been broken, and the US dollar bulls have lost pace. The rates on US Treasury bonds support a positive tendency by rising to a new multi-day high before declining from the most recent peak.As the crucial PMI numbers is looming, the …

The next meeting by ECB’s policymakers will take place on March 16. Experts do anticipate that the central bank’s deposit rate will peak at 4% following increases of 50 basis points in both March and May and 25 basis points in both June and July.analysts have revised their predictions for …

By mid- to late-summer, according to Federal Reserve Bank of Atlanta President Raphael Bostic, the US central bank may be able to halt the current tightening cycle. Although he supports a rate increase of 25 basis points in March, he cautioned that monetary policymakers are “monitoring” incoming data that shows …

Gold price breaks out of descending parallel channel as market mood improves. US Dollar selloffs are halted by rising US Treasury bond yields. ISM Services PMI release is still awaited by investors to gain fresh impulse on the direction of the Gold Index XAU/USD. Gold price opened the year at …

Federal Reserve Bank of Boston President Susan Collins said on Thursday that more rate hikes are required to bring inflation back in control. She added that the extent of interest rate hikes will be determined by incoming data.Collins’ comments were not surprising as she reiterated previous statements by Fed policymakers …

The EUR/USD pair is trading at 1.0596 at the time of writing. It is noteworthy that the pair has come under weighty pressure and now is breaching 1.0600. Extra losses look likely while below the 55-day SMA at 1.0713. the pair quickly faded the Wednesday’s uptick and returns to the …

Policymakers from the European Central Bank confronted some harrowing realities this week while huddling in a retreat in a remote Arctic village: businesses are benefitting from rising inflation while workers and consumers bear the cost. The dominant macroeconomic narrative over the last nine months has been that the 20 nations …

Gold prices are heading on Thursday to end a series of gains achieved over three sessions, pressured by the rise in the dollar and the possibility of the Federal Reserve conducting more interest rate hikes, which clouded the expectations of the prices of the yellow metal. And by 1030 GMT, …

The annualized Eurozone Harmonised Index of Consumer Prices (HICP) comes in a tad softer at 8.5% in February vs. January’s 8.6%, the latest data published by Eurostat showed on Thursday. The market expected the inflation gauge to ease to 8.2% in the reported period. The core HICP climbs to 5.6% YoY in February …