Forex Market

The US dollar managed to recover some of its early losses, but the day still ended unevenly. In spite of month-end flows, correlations were off, but risk aversion was unaffected. As Wall Street ended neutral, the majority of European indexes closed the day in the red.Key DevelopmentsThe focus was on …

The price of the precious metal has eventually stabilized with the US session’s end. Gold was earlier up 0.5% near $1,826.67 after travelling from a low of $1,804 and $1,831 on the day. It is trading at 1826.10 at the time of writing after weak US economic data was widespread …

The US Consumer-confidence index drops to 102.9 in February. High inflation and rising interest rates are making Americans more worried about a possible recession. The reading is the outcome of a survey of consumer confidence that fell to a three-month low of 102.9 in February, signaling worries about the future …

After gloomy economic data from Canada, the USD/CAD pair headed forward toward the 1.3600 mark, while the US dollar registers some losses. Market sentiment shifted sour as US equities opened in the red territory. At the time of writing, the USD/CAD pair is trading at 1.3601 versus the previous closing …

China’s state media quoted officials as saying on Tuesday that the foundation of the country’s economic recovery has not yet reached strength and that various unforeseen factors may occur at any time. The New China News Agency (Xinhua) quoted the statement of the Central Committee of the Communist Party of …

Gold prices fell on Tuesday, heading towards their largest monthly loss since June 2021, with the decline in the attractiveness of the non-yielding metal, in light of expectations that the Federal Reserve will raise interest rates soon. Spot gold fell 0.3 percent to $1,811.74 an ounce by 0735 GMT, after …

Official data showed on Tuesday that the Turkish economy grew by 5.6 percent in 2022, exceeding expectations, while growth slowed to 3.5 percent in the fourth quarter, with the continued impact of falling demand. Data from the Turkish Statistical Institute showed that the gross domestic product for the fourth quarter …

The US dollar began the new trading week extending positive performance although demand for the US currency diminished ahead of the US session’s opening, following a mixed United States Durable Goods Orders report. Later on the day, the dollar Index fell 0.52% to 104.725, reversing gains from last Friday driven …

According to expectations, US President Joe Biden will consider the suspension of extensive limits on US investment in China that have been proposed by some hawks in his administration and Congress. According to Politico, White House negotiations have been taking place as US President Biden scales back plans for an …

On the first day of the new trading week, the AUD/USD capped its downfall on risk-on sentiment and mixed US data. The AUD/USD pair is trimming some of its earlier losses though it remains below the 0.6800 figure after posting a daily high of 0.6743 as the week begins. Gloomy …