Forex Market

The US session has been a big arena for volatility with beginning of the trading week. The US dollar has managed to edge higher up to 106.74 on Monday, slightly recovering from a three-and-a-half month low of 105.32 as investors are concerned about the pro global economic slowdown and the …

“The successive shocks to global supply chains from the pandemic and the war in Ukraine could ‘herald a shift’ to an era of more volatile inflation and force central banks to guard against it with tighter monetary policy,” Fed vice chair Lael Brainard said in remarks released on Monday by …

At the time of writing, EUR/USD is down some 0.29% falling to a low of 1.0338; sliding from a higher of 1.0496. Risk currencies, such as the Euro are under considerable pressure as protests against COVID restrictions in China weighed on the overall market sentiment.The violent protests in major Chinese …

The Canadian dollar extended its losses amid the market’s prevalent risk-off sentiment. Canada printed a deficit on its current account and this news could constitute a headwind for the Canadian dollar.The Canadian dollar extended its losses to two straight days, though it trimmed some of its losses after the USD/CAD …

The US central bank needs to raise interest rates a bit further in order to maintain control over the country’s hot inflation in order to bring it back down toward the central bank’s 2% goal according to St. Louis Fed President James Bullard.On Monday, Bullard said that rates need to …

The Euro rises on Monday on the back of hawkish comments. The EUR/GBP pair currently finds support again at the 0.8570 zone. The EUR/GBP is rising sharply on Monday, boosted by a stronger Euro across the board. The cross peaked at 0.8675, hitting the highest level since Wednesday. It is …

Gold prices fell on Monday after the dollar rose on demand for a safe haven sparked by protests in several Chinese cities over the strict restrictions to combat the Coronavirus. The spot gold price fell 0.4 percent to $1,748.84 an ounce at 0555 GMT. US gold futures fell 0.3 percent …

European stocks retreated from three-month highs on Monday, led by declines in energy, retail and mining stocks after widespread protests in China over strict anti-COVID-19 restrictions triggered a sell-off in global markets. The STOXX 600 index of European shares fell 0.5 percent by 0802 GMT, after sharp declines in Asian …

Data on Friday showed that the German economy expanded slightly in the third quarter, more than initially expected, supported by consumer spending. The Federal Statistical Office said Europe’s largest economy grew by 0.4 percent quarterly and 1.3 percent annually, according to seasonally adjusted figures. Analysts polled by Reuters had expected …

The US dollar edges higher within range-bound holiday markets on Friday in an obviously quiet US trading session following the US Thanksgiving holiday. The American currency is near multi-month lows as the prospect of the Fed’s pace of policy tightening keeps impacting the dollar.Today has all the indicators of another …