Forex Market

The dollar hovered at the highest level in six weeks ahead of the announcement of economic data that may help determine the direction of interest rates in the future, while the euro fell ahead of the announcement of monthly data on corporate activity. Strong data for the US labor market …

The Russian ruble declined against the dollar ahead of President Vladimir Putin’s expected speech before the Federal Assembly, which is expected to be of great importance given its date coinciding with the first anniversary of the war in Ukraine, despite the high demand for the Russian currency with the approaching …

Gold rose slightly on Tuesday, as it was confined to a narrow range as investors refrained from forming large positions ahead of the release of US economic data that may affect the Federal Reserve’s interest rate strategy. Gold rose 0.1 percent to $1,842.37 an ounce at 0245 GMT, while it …

The week has got an obviously quiet beginning as the United States observes the President’s Day holiday. Economic Data The absence of macroeconomic releases helped majors to trade within tight intraday ranges. Liquidity is thin and the market sentiment is sour. Key Developments North Korea fired an intercontinental ballistic missile …

EUR/USD pair is stuck in a range and awaits major data this week. Traders will have both Eurozone and US economic calendar to potentially find catalysts that will move the EUR/USD.EUR/USD is moving sideways during the US holiday, the pair seems reluctant to leave Friday’s price range. The Euro has …

As bond yields surge, investors Advised To Build Strategic Position in the gold marketEconomists do expect to see lower gold prices in the near term as markets begin to price in further aggressive monetary policy action from the Fed. Higher inflation prompted markets to price in a 21% chance that …

In an interview on Dubai TV, Mohammed Hashad, Head of Research and Development at Noor Capital and member of the American Association of Technical Analysts, highlighted and commented on the most important developments in financial markets.ECB’s Upcoming Rate DecisionAsked about the expected scenario for the European Central Bank’s decision to …

The Swiss National Bank is “still willing” to be active on the foreign currency markets in pursuing its goal of price stability, Vice Chairman Martin Schlegel said on Monday.“If the Swiss franc depreciates we are ready to sell foreign exchange, if the Swiss franc appreciates strongly we are willing to …

The British Pound fought back from below 1.20/USD and the 200-DMA (1.1938) on Friday but conviction for a return to 1.2450 is low based on the outlook for a widening in US/UK rate differentials. Based on implied market rates, the Fed/BoE spread could widen to almost 100 bps in 2Q, …

European stocks were flat on Monday, as continued gains in mining stocks, on the back of bets on demand recovery in China, offset losses in Telecom Italia, which led the decline in stocks in the eurozone. The pan-European Stoxx 600 index was little changed after rising slightly at the start …