Forex Market

On the first day of the new trading week, the AUD/USD capped its downfall on risk-on sentiment and mixed US data. The AUD/USD pair is trimming some of its earlier losses though it remains below the 0.6800 figure after posting a daily high of 0.6743 as the week begins. Gloomy …

In a joint press conference with European Commission President Ursula von der Leyen on Monday, British Prime Minister Rishi Sunak that they have amended the original Northern Ireland Protocol deal and agreed a new “Windsor framework.” The GBP/USD edged slightly lower from daily highs with the initial reaction to this …

Canada will release the Q4 Gross Domestic Product data on Tuesday, February 28 at 13:30 GMT as the release time is looming, forecasts from economists and researchers of six major banks regarding the upcoming growth data. Canadian growth is expected at 1.5% seasonally adjusted at an annualized rate (SAAR) in …

Contracts to buy U.S. previously owned homes rose by the most in more than 2-1/2 years in January, but a resurgence in mortgage rates could delay a much-awaited housing market turnaround. The National Association of Realtors (NAR) said on Monday its Pending Home Sales Index, based on signed contracts, jumped …

 New orders for key U.S.-manufactured capital goods increased more than expected in January while shipments of those so-called core goods rebounded, suggesting that business spending on equipment picked up at the start of the first quarter. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending …

British Prime Minister Rishi Sunak is expected to announce a new deal on post-Brexit trade rules for Northern Ireland on Monday, gambling that the reward of better ties with the European Union is worth the discord it might cause within his own party. In power for only four months, Sunak …

European stocks opened higher on Monday, supported by a jump in retail stocks after posting their worst weekly performance this year due to fears that interest rate hikes will continue for a longer period in the United States and the eurozone. The pan-European Stoxx 600 index was up 0.8% by …

Data from the Turkish Statistical Institute showed on Monday that the economic confidence index fell by 0.3 percent on a monthly basis in February to 99.1 points, after violent earthquakes devastated the southern region of the country. The index, which indicates an optimistic outlook when its reading exceeds the 100 …

The dollar settled near its highest level in seven weeks on Monday, after a batch of US economic data supported expectations that the Federal Reserve should continue raising interest rates for a longer period. Data on Friday showed a sharp rise in US consumer spending in January as inflation accelerated. …

Official data on Monday showed Turkey’s foreign trade deficit increased 38.4 percent year-on-year to $14.24 billion in January, with imports rising 20.7 percent and exports 10.3 percent. The Turkish Statistical Institute stated that imports jumped to 33.61 billion dollars in January, while exports increased to 19.37 billion dollars. Under an …