Forex Market

The Canadian Dollar strengthened as a result of a lack of oil supply and a weak US Dollar, pushing the USD/CAD pair south of the 100-day EMA. After reaching a daily high of 1.3536, the USD/CAD is currently trading at 1.3450. the pair is down by 0.68 and is trading …

Following the release of US economic statistics, the EUR/USD increased even further, printing a new daily high at 1.0916. The price then dropped to 1.0885. Due to risk appetite and declining yields, the US dollar is under pressure.The US Dollar Index is dropping 0.50% and is poised to challenge the …

Turkish factory activity continued to grow in March, with both new orders and production increasing despite the continuing repercussions of the devastating earthquakes that hit the country in February on the sector. According to the Istanbul Chamber of Industry and Standard & Poor’s Global, the purchasing managers’ index in the …

The dollar rose on Monday as fears about inflation returned after the surprise announcement by major oil producers to cut production further. The announcement by the Organization of the Petroleum Exporting Countries and its allies, in what is known as the OPEC + group, came after data showed on Friday …

Gold prices fell on Monday after a surprise announcement by OPEC+ to cut oil production raised concerns about inflation and increased bets on a rate hike at the next Federal Reserve meeting in May. Spot gold prices fell 0.8 percent to $1951.37 an ounce by 0401 GMT, the lowest level …

Despite a spike in oil prices, investors remained cautious about a potential rise in inflation over the upcoming months as the majority of Asian equities edged up on Monday as risk appetite maintained in response to softer-than-expected U.S. inflation data from the previous week. After Beijing launched an investigation into …

Wall Street rose on Friday, with the Nasdaq index posting its biggest quarterly percentage gain since June 2020, after signs of easing inflation raised hopes that the Federal Reserve would soon end its aggressive campaign to raise interest rates. The Standard & Poor’s 500 Index posted gains for the second …

After Friday’s inflation figures, the US Dollar rose against the Euro, but the American currency was still on course for a weekly loss.Economic DataThe University of Michigan’s consumer confidence index reported a score of 62 points in March, down from the previous reading of 63.4 points, which was lower than …

The key factor behind the AUD/decline was the buoyant American dollar. Inflation in the US is still declining, and consumer confidence declined in March. TDS Analyst anticipates that the RBA will maintain rates at their meeting in April. Awaiting the RBA’s decision, the AUD/USD price is muted in the immediate …

Federal Reserve Bank of New York President John C. Williams said, on Friday, that the economic outlook is uncertain and that their decision will be driven by the data. He expects real GDP to grow modestly in 2023 and to pick up next year. Key Quotes: “While the FOMC has …