Forex Market

While investors’ attention shifts to looming Fed policy decision, the EUR/USD pair is performing sideways over 1.0600. At the time of writing, the price of the pair is 1.0613. The ECB’s 50 bps increase in interest rates has reduced the gap between its own and the Fed’s policy stances. Following …

The NZD/USD pair is subdued, around the 0.6190s ahead of Friday’s US economic data. The improved risk appetite on Thursday triggered the NZD/USD’s bounce from daily lows despite not good NZ GDP data.The NZD/USD pair is about to finish Thursday’s session flat after diving towards a daily low of 0.6139. …

At the time of writing, the price of gold is $1916.63 per ounce, making the future of the metal extremely unpredictable. The future of the precious metal is highly dependent on how fast and whether the market turbulence will abate, as well as whether the Fed will be able to …

The ECB hiked rates by 50 bps. Economists also believe that the ECB is still worried about the inflation picture and will continue hiking in the upcoming meetings.The ECB hiked rates by 50 bps despite ongoing market turbulence. The uncertain market situation led to the ECB not giving any signals …

The European Central Bank (ECB) announced on Thursday that it raised its key rates by 50 basis points (bps) following the March policy meeting, as expected.  With this decision, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility …

European stocks rose Thursday, March 16th, as troubled Credit Suisse rose after receiving financial aid from the Swiss National Bank (SNB), easing some fears of a global banking crisis, although caution prevailed ahead of the European Central Bank’s interest rate decision. The Stoxx 600 index rose 0.9%, by 08:15 GMT. …

The European Central Bank (ECB) is set to announce its decision on monetary policy on Thursday, March 16 at 13:15 GMT and as we get closer to the release time, here are the expectations as forecast by the economists and researchers of 5 major banks. ECB is likely to hike …

Under the looming shadow of the fears related to the banking industry, central banks are now in a more challenging position. Oil prices plunged more than $5 trading around $68.444 per barrel to their lowest in more than a year, meanwhile gold prices renewed their recent rally as investors sought …

Stats New Zealand released the further quarter Gross Domestic Product. New Zealand GDP SA (QoQ) Q4: -0.6% (est -0.2%; prev 2.0%). New Zealand’s dollar is getting smacked after softer local GDP data. NZ GDP was 2.2% y/y in Q4 vs 3.3% seen and down from 6.4% prior. Odds of an …

The USD/CAD climbs on market sentiment deterioration, as investors seeking safety bolstered the US Dollar. US Retail Sales were lower than expected, but prices paid by producers cooled. The pair rallies on safe-haven flows towards the American dollar sponsored by the US financial banking crisis woes threatening to spread around …