Forex Market

China published its upwardly revised GDP estimate for 2021, at 8.4% instead of 8.1%. China has also stimulated positive market sentiment following the announcement of easing covid-linked restrictions, which will alleviate the negative impact of such restrictions on the economy. China Immigration Administration announced it would resume issuing visas for …

San Francisco Fed’s Thomas M. Mertens, from the Economic Research Department, published a report, on Tuesday, on the central bank’s official website entitled “Recession Prediction on the Clock”. The report could be seen as a recession predictor based on macroeconomic data, particularly the jobless unemployment rate.This economic update was able …

The Canadian dollar is outperforming during the US session on rebounding WTI crude price, and so Canada’s currency approaches daily highs.As Wall Street trims losses, US yields print fresh highs, the USD/CAD pair is hovering around 1.3510 after hitting at 1.3484, the lowest level in three weeks, amid a significant …

International trade deficit of the US declined by $15.5 billion in October while the US Dollar Index is hovering around 104.22 after the data, showing no immediate reaction to this report. The data published by the US Census Bureau revealed on Tuesday that the US international rate deficit declined by …

According to the S&P CoreLogic Case-Shiller Home Price Index released on Tuesday, US home prices continued its downtrend in October for the fourth straight months. The US Dollar Index showed no immediate reaction to these figures and was last seen losing 0.05% on the day at 104.26. Seasonally adjusted HPI …

European stocks rose on Tuesday, tracking a global rally in stocks after China eased COVID-19 restrictions, raising hopes for a recovery in the world’s second-largest economy. The pan-European STOXX 600 index rose 0.6 percent after the long Christmas weekend. It had lost about 12 percent since the beginning of the …

Gold prices rose on Tuesday, as a weaker dollar made bullion in which it is priced less expensive for overseas buyers despite thin trading after the long Christmas weekend. Gold rose 0.4 percent to $1,804.99 an ounce at 0546 GMT. US gold futures rose 0.4 percent to $1,811.90. The dollar …

Some observers have described the ECB’s latest policy decision as “kamikaze” and said it would lead the Eurozone to a prolonged recession.Europe’s central bank decided to raise interest rates in the Eurozone, and this is likely to lead to a collapse of the Euro and to a severe economic crisis …

The latest announcement by the Bank of Japan (BOJ) to modify its so-called Yield Curve Control framework immediately created a state of chaos in the currency markets.The announcement by the BoJ at one of the most illiquid times of the day. It also occurred during one of the most illiquid …

The dollar fell against most currencies in volatile and weak trading on Friday after data indicated a slight slowdown in inflation in the United States, which boosted expectations of the Federal Reserve raising interest rates at lower rates and improved investors’ appetite for risk. The personal consumption expenditures price index …