Forex Market

According to figures released on Friday, US retail sales in March decreased more than was predicted. Analysts claim that the amount of spending is still high, proving that consumers’ underlying resilience has not changed.After an extremely good start to the year, retail sales are declining once more. The amount of …

European stocks rose on Friday, on the verge of recording weekly gains for the fourth week in a row, supported by hopes that the Federal Reserve (the US central bank) will soon stop raising interest rates after recording lower-than-expected inflation in March. The pan-European STOXX 600 was up 0.3% by …

Oil prices fell on Friday after the International Energy Agency warned that production cuts announced by OPEC+ producing countries could widen the oil supply deficit and harm consumers. And by 0820 GMT, Brent crude futures fell ten cents, or 0.12 percent, to $ 85.99 a barrel. West Texas Intermediate crude …

A further decline in the US Dollar broke technical and psychological support levels. US stocks also increased at the same time. The Nasdaq increased by 1.99%, while the Dow Jones finished up 380 points, or 1.15%. Since February, the VIX closed at its lowest level. On Friday, major US banks …

Bulls on the USD/JPY remain in contention with chances of a daily closing over 132.50. The support of the trendline for the USD/JPY pair is crucial at this point. For the bullish thesis to continue to hold, 132.50 was identified as a crucial threshold that had to hold. This was …

US Treasury yields for10 years have not witnessed any change on Thursday since the close of last daily trading due to the pressure the markets are experiencing as a result of inflation data at the level of US producer prices, which highlighted rises that are much less than market expectations.The …

The price of gold is rising, however it is still below the year’s highs, which were previously set at about $2,048.79, as US data showed the US economy is still slowing down. As a result, the US Dollar (USD) declined as US Treasury bond yields continued to decline, while Gold …

The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, told CNBC in an interview on Thursday that while there isn’t a financial crisis in the US, there are risks.After these remarks, the US Dollar Index remains firmly in the red and was last observed losing 0.5% at roughly …

The EUR/USD pair advances further and records a new 2023 high. The Euro extra upside could retest the round level at 1.1100 next.The EUR/USD pair keeps the bullish bias well in place and climbs to the 1.1040/50 on Thursday, or new year-to-date peaks.The likelihood of extra advances appears favoured for …

European stocks rose on Thursday, boosted by gains in luxury stocks after a report showed fashion firm LVMH posted strong first-quarter sales and on hopes the Federal Reserve will halt its tightening cycle after lower-than-expected inflation data. The pan-European Stoxx 600 index was up 0.3% by 0710 GMT. The Stoxx …