Forex Market

WTI crude got bolstered on the weaker US dollar that got impacted following Fed’s Powell remarks in his speech before the Economic Club of Washington. China’s reopening and Turkey’s earthquake are among the key factors reinforcing crude oil prices.Powell said very strong jobs data released last week simply affirmed that …

Bank of Canada Governor Tiff Macklem defended his stance for interest rate pause, while laying out metrics that may prompt another increase in borrowing costs. Macklem also pointed out that it can take 18 to 24 months to see the full effects of higher interest rates, which have jumped 425 …

Federal Reserve Chairman Jerome Powell is speaking in his first public appearance since Friday’s strong jobs report for January. Economists, on average, were expecting 185,000 job gains, which would have been the slowest pace of growth in more than two years, and for the jobless rate to increase to 3.6%.And …

The EUR/USD bulls will attentively look for any dovish hints in the Fed chair Powell’s speech that could weigh on the US dollar. the pair is trading at 1.0726 at the time of writing.A break of session highs would leave the 1.0720s vulnerable in the near term. The daily ATR …

The USD/CAD pair is holding to gains as traders await clues by Fed Chair Jerome Powell’s speech later on Tuesday. At the time of writing, the pair is trading at 1.3463, registering 0.12% gains versus the previous closing at 1.3445.On Tuesday, the US trade deficit widened, though market participants ignored …

Of particular interest to stock investors, today is what Federal Reserve Chairman Jerome Powell has to say at an event organized by The Economic Club of Washington DC. But, most importantly, they want to know his thoughts on the latest Labor Department report, which showed US payrolls grew by more …

Fed’s policymakers began to reflect on the unexpectedly robust jobs report for January, a few hours before Chair Jerome Powell faces questions later on Tuesday on whether the NFP data has shaken his confidence that high inflation will come down without hawkish moves by the central bank to slow the …

The US trade deficit deepened to a record in 2022 on surging imports as most US companies jostled and rushed so early to avoid having insufficient goods, and instead, hurried their imports beforehand in order to meet demand.The value of imports last year climbed 16.3% from 2021 to nearly $4 …

Public transport, schools and oil refineries were disrupted in France on Tuesday as trade unions led a third wave of a nationwide strike against President Emmanuel Macron’s plans to extend the working years for French people before retiring. Strike movements in many sectors and street protests on Tuesday come hours …

Gold prices rose on Tuesday as the dollar weakened, as traders await Federal Reserve Chairman Jerome Powell’s speech due later on Tuesday for hints about future interest rate hikes after strong economic data last week. And by 0730 GMT, spot gold rose 0.4 percent to $ 1874.34 an ounce, after …