Forex Market

Cleveland Fed President Loretta Mester said as the Federal Reserve’s higher interest rates slow the economy, a recession may result, though it’s not part of her baseline forecast and is not what the central bank wants.US Dollar Index prints mild gains around 104.15 as bulls flirt with the six-week high …

Several calls, such as the one made by ECB board member Fabio Panetta to convert to smaller rate increases, have been made as a result of the lower-than-expected energy costs in Europe this winter.The ECB’s board member appointed by Italy, Panetta, urged caution, claiming that the economy had not yet …

Gold is trading around $1845 per ounce at the time of writing versus the previous closing price at $1835.60. Earlier on Thursday, the precious metal’s price action headed lower, to record fifth decline in six sessions, as the US dollar rallied further following the release of stronger-than-expected U.S. producer price …

After reaching a daily high of 134.46, the USD/JPY stabilized around the 134.00 level, while bears intervened at the weekly highs and drove prices lower.The pair turned directions and suffered only slight losses of 0.08%. The USD/JPY pair is trading around 134.10s on Thursday. Negative divergence between oscillators and price …

“If evidence begins to accumulate to show that inflation is not declining in line with forecast, we are prepared to raise policy rate further, Bank of Canada Governor Tiff Macklem said while testifying before the Standing Committee on Finance. USD/CAD showed no immediate reaction to these comments and was last …

The EUR/USD pair is now adding to Wednesday’s decline below 1.0700. The pair is trading at 1.0656 at the time of writing. The US Producer Prices rose more than estimated in January. Another data-led rebound of the US dollar has put the EUR/USD pair under pressure and dragged it to …

The actual figure for US retail expenditure in January much above even the most optimistic projection, contrary to what economists had anticipated. Yet, for the time being, the Federal Reserve’s vigorous campaign to manage inflation by lowering economic activity is failing.  Retail sales spiked 3.0% last month after reports that …

Gold prices stabilized on Thursday due to a slight decline in the dollar and Treasury yields, but gains remained limited due to signs of the strength of the US economy, which may allow the Federal Reserve to raise interest rates again. And by 0920 GMT, spot gold rose 0.1 percent …

European stocks opened higher on Thursday, supported by Airbus, which also lifted the French blue-chip index to near a record high, while mining companies led sectoral gains as commodity prices rose. The Stoxx 600 index of European shares rose 0.7 percent, and the French CAC 40 index rose 0.9 percent, …

The Russian ruble fell to near a ten-month low near 75 against the dollar on Thursday, affected by lower foreign exchange earnings from oil and gas exports and fears of the European Union imposing new sanctions on Moscow. The ruble fell 0.4% against the dollar to 74.8 by 0744 GMT, …