Forex Market

Oil prices were little changed in early trading on Monday, as Russia continued its plans to cut its production further to support prices, while rising crude inventories in the United States and rising risks from global inflation weighed on prices. US West Texas Intermediate crude futures were trading at $76.36 …

Fed’s Philip Jefferson said on Monday that it is possible for inflation to decline without an unnecessary amount of disruption in the job market, as reported by Reuters.The US Dollar stays under modest bearish pressure following these comments and the US Dollar Index was last seen losing 0.35% on a …

Risky assets retreated following Friday’s inflation report, with bitcoin losing about $762.36 to trade below $23,190.00, within a few dollars of its lowest level of this week. Nasdaq 100 futures were down 1.9%, and S&P 500 futures are lower by 1.4%. The January PCE Price Index unexpectedly rose to 5.4% …

The dollar index on Friday surged by +0.55% and posted a 1-1/2 month high.  Higher Treasury yields boosted the American currency with the prospects for continued hawkish Fed after Friday’s stronger-than-expected US economic data. The dollar also found support on hawkish comments by Fed officials. ECB’s Nagel said with core …

“Markets have taken on board probabilities around a changed fiscal stance as well as the more aggressive Fed and expect inflation to come under control in quarters and years ahead,” St. Louis Federal Reserve President James Bullard said on Friday.Bullard’s comments don’t seem to be having a significant impact on …

The Fed will unlikely bring down inflation without having to raise interest rates ‘significantly’ higher, causing a recession, according to a research paper released on Friday.Former Fed Governor Frederic Mishkin is one of the authors of the white paper that examines the history of central bank efforts to create disinflation. …

The US dollar and yields rise further after Friday’s US economic data. US Core PCE rose above expectations in January. Gold reacted by hitting fresh weekly lows near $1,810. Gold prices dropped further after the beginning of the US trading session amid a stronger US dollar and higher Treasury bond …

The United States and China will hold deputy-level talks between their finance officials on Friday to discuss debt and other issues on the sidelines of a G20 finance meet in India, two sources familiar with the matter told Reuters. U.S. Treasury Secretary Janet Yellen said on Thursday, ahead of a meeting …

Gold prices fell slightly on Friday as investors worried that stronger-than-expected recent US economic data could prompt the Federal Reserve to continue raising interest rates for a longer period. Spot gold fell 0.1 percent to $1,821.80 an ounce, by 0745 GMT. While US gold futures rose 0.2 percent to $1,831.00. …

European stocks opened higher on Friday, February 24, supported by optimistic earnings reports from French building materials company Saint-Gobain and Swedish medical equipment Elekta. The Stoxx 600 rose 0.4%, tracking the rally in Asian markets after the Bank of Japan’s exclusion of an early end to monetary easing pushed down …