Forex Market

The USD/CAD exchange rate has lost 1.3515 for the sixth consecutive day, with the US PPI increasing by 1.7% YoY in August. Retail sales were strong, and expectations of a Fed tightening loosened slightly. The number of Jobless Claims for the second week of September was less than anticipated.The USD/CAD …

After passing the $2,000 bar in the spring, Gold experienced weakness over the summer. Economists at Société Générale analyze the yellow metal’s outlook. The precious metal is trading at $1906.69 per ounce at the time of writing.While core inflation is stubbornly high and short-term headline inflation is still cooling, the …

The European Central Bank raised interest rates by about 25 basis points, continuing the monetary tightening policy that has been in place for more than a year. According to the monetary policy decision issued today, September 14, the bank raised the deposit interest rate (base interest rate) by 25 basis …

Gold prices stabilized on Thursday near their lowest levels in three weeks, which they touched in the last session after the release of US inflation data, which reinforced expectations that the Federal Reserve will stop raising interest rates next week. By 0747 GMT, spot gold prices stabilized at $1,905.49 per …

European stocks rose on Thursday even as investors remained cautious ahead of the European Central Bank’s decision on interest rates, as it is likely to raise them for the tenth time in a row. Markets expect approximately 65 percent of interest rates to rise by 25 basis points, which will …

The dollar index rose on Wednesday after US economic data showed inflation increased for August, but did little to change expectations for the path of rate hikes from the Federal Reserve. The consumer price index increased by 0.6% last month, the largest gain since June 2022, as gasoline prices jumped. …

The European Central Bank is set to announce its Monetary Policy Decision on September 14, and as the release time approaches, economists and researchers from 10 major banks predict a range of outcomes. Markets are split, with 26 analysts polled by Bloomberg seeing no change and 23 seeing a 25-bps …

The price of gold is seen under pressure as investors turn their attention to digest the most recent US inflation data due to worries that increase the chance of a last interest rate hike by the US central bank in the remaining months of 2023 could result from upside risks …

The US dollar has moved into positive territory following Wednesday’s CPI reading, confirming another Fed rate increase. This week, the US Dollar Index turns green and is in positive territory; as the US Dollar Index is recording 104.730 at the time of writing Traders are seeking direction as they interpret …

In an era marked by seismic shifts in the global economic and political landscape, Noor Capital’s Research and Development Department prepared the latest research paper that delves deep into the implications of the eighteenth G20 Summit. As the assembly of the world’s major economies comes to pass, the paper scrutinizes …