Forex Market

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 …

The European Central Bank’s top economists are wrangling over the outlook for inflation and interest rates, leaving investors perplexed over the central bank’s next policy moves.Philip Lane and Isabel Schnabel, who lead the economic debate on the ECB’s board, gave contrasting views this week on whether the Eurozone central bank …

Gold is trading around $1751 per ounce at the time of writing versus the previous closing price; $1754.18 The US dollar’s weakness has helped gold price to test $1,780 per ounce. On the other hand, the Fed’s commitment to fight inflation with tighter monetary policy leaves space for future dollar’s …

The Australian Dollar is on the defensive front as market sentiment remains mixed. The Federal Reserve: US growth risks are skewed to the downside, capping the US Dollar gains. The Australian Dollar is losing ground versus its American counterpart amid an obviously mixed sentiment. Additionally; US stocks are wavering due …

Gold prices fell on Friday, with the dollar restoring its upward trajectory, but expectations of a less sharp interest rate hike from the US Central Bank put the yellow metal on the path to achieving a small weekly gain. And gold fell in spot transactions 0.2 percent to $ 1751.49 …

The British Pound fell slightly on Friday, but is still on track for its third consecutive weekly increase against the US dollar. Analysts expect sterling to remain fragile as central banks, including the Bank of England, continue to tighten monetary policy even though the recession is expected to be deeper …