Forex Market

The CB Consumer Confidence Index in the US rose in December. The US Dollar Index retreats toward 104.00 in the US trading session.Consumer sentiment in the US continued to improve in the US with the Conference Board’s Consumer Confidence Index rising to 108.3 from 101.4 in November. This reading came …

The Russian ruble fell to its lowest level since early May, crossing 70 to the dollar on Wednesday, bringing its monthly losses to nearly 14 percent, amid fears of sanctions imposed on Russian oil and gas. And by 0939 GMT, the ruble fell 2.5 percent against the dollar, recording 70.60, …

Gold is trading at $ 1818.31 per ounce at the time of writing versus the previous closing price at only $1787.30 on Monday. Gold price is making tracks to the upside despite the Bank of Japan’s surprise relaxation on the yield of its 10-year bonds (JGBs).US Dollar is sinking while …

The GBP/USD is approaching a quarterly peak as market emphasis is currently on a test of 1.2080 for the coming sessions.If the bears fail to break this level of support, then a meaningful correction to the upside will be on the cards. The GBP/USD pair is still on the backside …

The Japanese Yen is soaring across the board after the Bank of Japan’s rate decision. The GBP/JPY pair cross is losing more than 700 pips on Tuesday amid rallying yen following the BoJ’s monetary policy announcement. BoJ’s rate decision also raised the upper range of its yield curve control of …

According to the Federal Reserve Bank of Atlanta’s GDPNow model, the growth of the US economy is expected to record an annualized rate of 2.7% in 2022’s fourth quarter, slightly down from 2.8% in previous estimates.“After this morning’s housing starts report from the US Census Bureau, the nowcast of fourth-quarter …

Retail Sales in Canada, for October, unexpectedly surged, however, the USD/CAD pair is trading in negative territory, holding slightly above 1.3600. Retail Sales in Canada rose by 1.4% on a monthly basis in October following September’s 0.6% decline, the data published by Statistics Canada revealed on Tuesday. The latest reading …

European stocks fell on Tuesday, dragged down by declines in real estate and technology stocks, after Japan’s central bank rattled global markets with a sudden policy shift that would allow long-term interest rates to rise further. The pan-European Stoxx 600 index was down 0.9 percent by 0808 GMT, its lowest …

Firmer government bond yields provided near-term support to the USD, but plummeting US indexes limited the dollar’s potential gains.Gold flirted with $1,800 but finished the day in the red at around $1,786 a troy ounce. Crude oil prices, however, posted modest gains, with WTI settling at $75.40 a barrel.No catalysts …

Treasury yields surged on Monday, as investors assess the cumulative probability that the world’s MAJOR central banks will keep raising rates in 2023 despite the economic impact.Traders focus on assessment of the 2023 monetary-policy outlook of central banks from the US to Japan and Europe. Longer term yields are below …