Forex Market

The USD/JPY pair declined for two consecutive days following remarks from Japanese authorities indicating increased scrutiny of currency market movements. The Japanese Yen strengthens in response to the news, putting downward pressure on the USD/JPY pair.USD/JPY maintains an upward bias as long as it holds above the key level of …

Thomas Barkin, President of the Federal Reserve Bank of Richmond, stated on Tuesday that he is seeing evidence that interest rate hikes are curbing demand. He is attending a webinar organized by the National Association for Business Economics. According to Barkin, there is more willingness among businesses to increase prices, …

CB Consumer Confidence Index declined modestly in May. The US Dollar Index stays in positive territory above 104.00. The US Dollar Index clings to small daily gains slightly above 104.00 after this report. Consumer sentiment in the US weakened slightly in May with the Conference Board’s Consumer Confidence Index edging …

The Turkish lira fell more than 1 percent to a new record low on Tuesday, while President Recep Tayyip Erdogan was choosing who would run economic policies in his government after winning Sunday’s re-election. The lira recorded an all-time low of 20.34 against the dollar, down from the closing level …

European stocks fell on Tuesday, affected by uncertainty that Congress will pass the US debt ceiling agreement to avert the country from a catastrophic default. The pan-European STOXX 600 index fell 0.2% by 0716 GMT, amid expectations that trading would gain momentum as the US and UK markets reopened after …

The Turkish lira fell to a new record low of 20.2 against the dollar on Tuesday, extending losses incurred since President Recep Tayyip Erdogan’s victory in Sunday’s presidential run-off. The lira fell 0.5 percent from the closing level it recorded on Monday at 20.0990 pounds per dollar, which was its …

Tuesday is likely to see bigger market moves after a quiet Monday. Following an agreement in principle between US President Biden and Speaker Kevin McCarthy to raise the debt limit for two years, there was more activity over the weekend than on Monday. Key Developments The debt related compromise must …

The EUR/GBP pair is resuming its downward trend, edging closer to its yearly low, signaling potential bearish momentum in the pair. The current trend remains undecided below the 0.8700 resistance, awaiting a clear direction pressured down by failing German Yields.Market awaits ECB President Lagarde’s speech and German inflation data on …

As a result of the US debt-ceiling deal revealed on Sunday, interest in the US dollar declines, the USD/CHF trades for a second straight trading day with losses. This has fueled a bullish market sentiment that is hated by the safe-haven dollar, the greenback. Additionally, the low volume in the …

GBP/USD records gains for the second trading day in a row. The US debt-ceiling deal favoured a positive market environment. Focus, this week, shifts to NFP data from May from the US. The GBP/USD pair trades with gains at 1.2358 and benefits from the positive market sentiment fueled by the …