Forex Market

Canadian retail sales rose by 0.5% in December from November at C$62.12 billion ($46.19 billion), on higher sales at motor vehicles and parts dealers, as well as general merchandise stores, Statistics Canada said on Tuesday. Sales were seen to rise by 0.7% in January, the agency said in a flash …

The Reserve Bank of New Zealand (RBNZ) will announce its monetary policy decision on Wednesday, February 22 at 01:00 GMT and as we get closer to the release time, here are the expectations as forecast by the economists and researchers of six major banks. According to a Reuters survey of …

European shares opened lower on Tuesday, with the impact of cautious expectations from HSBC on the Stoxx 600 index, while the optimistic performance of Engie shares mitigated some losses after the French energy company announced large annual profits. The European Stoxx 600 index fell 0.2 percent in the first hour …

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 …