Forex Market

The dollar fell on Wednesday after data showed a decline in new jobs in the United States, while all eyes were on the Federal Reserve’s decision later on Wednesday regarding interest rates. Data on Tuesday showed new jobs fell in the United States for the third month in a row …

The decline in US yields, on Tuesday, boosted gold, which jumped toward $2,020 posting the highest daily close in three weeks. Silver climbed from $24.60 to $25.35. Cryptocurrencies soared, with BTC/USD rising 3.50% to $28,700.Following a sharp drop in equity prices on Wall Street and significant swings in the FX …

Gold unusually surged on Tuesday, ahead of the Fed’s interest rate release, amid expectations that the US central bank will raise the basic interest rate by 25 points, a rise that came due to the downside pressures on the US dollar.The decline in US yields, on Tuesday, boosted gold, which …

In order to stop the tightening cycle, the Fed is predicted to raise rates by 25 basis points. In an unexpected decision, the Reserve Bank of Australia unexpectedly increased the cash rate. Tepid data raises the possibility of a recession as the US dollar enters the event in a weak …

US equities fell on Tuesday as the Federal Reserve started its two-day meeting as the effects of First Republic Bank’s (FRC) failure continued to weigh on bank stocks.During lunchtime trading, the Dow Jones Industrial Average dropped more than 400 points, or 1.4%, while the S&P 500 sank 1.48%. The heavily …

Fed will almost definitely raise interest rates on Wednesday as the value of the pound against the US dollar falls as a result of the US bank rescue. Bearish two-bar reversal pattern suggests short-term downside pressure for GBP/USD which is trading at 1.2460 at the time of typing.Tuesday’s European session …

JOLTS Job Openings in the US continued to decline in March. US Dollar Index holds above 102.00 in the American session.The data published by the US Bureau of Labor Statistics (BLS) revealed on Tuesday that the number of job openings on the last business day of March stood at 9.59 …

European stocks moved in a limited range on Tuesday as investors returned from the Labor Day holiday on Monday ahead of decisions by the Federal Reserve and the European Central Bank to raise interest rates later this week. The pan-European Stoxx 600 index rose 0.1% by 0715 GMT, with banks …

Headline consumer prices in the eurozone rose somewhat more than expected in April, but underlying costs fell unexpectedly, providing regional rate-setters with a mixed picture of inflation as they prepare to announce their next rate decision this week. Following a renewed rise in energy prices, the currency’s area consumer price …

Gold prices stabilized on Tuesday, as traders cautiously await new signals from major central banks regarding their monetary policy plans, especially the US Federal Reserve. There was little change in gold in spot transactions, to record $1983.29 an ounce by 0528 GMT. US gold futures fell 0.1 percent to $1,991. …