Forex Market

Thursday’s market sentiment was negative, providing boosting factor for the US Dollar to recover some of the ground lost earlier during the week. The US dollar maintained mixed performance between ups and downs, but tended to advance.The gloomy market sentiment was partly a result of concerns related to the Ukraine-Russia …

Gold price stays bearish around $1,760, after a two-day downtrend, as sellers cheer the US Dollar’s rebound despite softer US economic data. The precious metal traders digest recent hawkish comments by US Fed officials while market sentiment does not favour risk. The most significant factor for gold trading on Thursday …

The yield curve inversion between the 2-year and 10-year Treasury notes deepened to its widest level in four decades. The spread between the 2-year and 10-year extended to a mark of -66 basis points early Thursday, marking the deepest inversion since 1982.In early market action, the 10Y was up 9 …

The Swiss National Bank will continue to raise rates if inflation projections are seen above target according to SNB’s governing board member Andrea Maechler.On Thursday, Maechler also noted that the battle against inflation has not been won despite a dip in Swiss inflation to 3.0% in October from 3.3% in …

US House Speaker Nancy Pelosi, who became Speaker of the House in 2007, announced that she will step down from her congressional leadership role, ending a two-decade streak as the top House Democrat. Pelosi’s statement, on Thursday, comes after signs that the Democrats will narrowly lose their House majority to …

Hawkish commentary by Federal Reserve officials underpinned the US Dollar. US economic data was mixed as unemployment claims dropped, while housing data delivers a gloomy outlook.Wednesday’s Canadian Consumer Price Index failed to underpin the Canadian dollar which weakened versus the US Dollar after Federal Reserve policymakers expressed that inflation remains …

At the time of writing, the is trading at 1.3362 versus the previous closing rate at 1.3327. In 2023, the Canadian Dollar may emerge as a more attractive financial asset in the face of fluctuations. Economists believe that the USD/CAD pair could drop to the 1.25 level.Overall commodity picture should …

Irritating recession and interest rate worries impacted Europe’s markets on Thursday, and the pound fell as the United Kingdom seeks a way out from its disastrous fiscal experiment to leave it behind it with a new budget that is largely conceived of as austere-looking.Early optimism about Siemens’ earnings and expectations …

St. Louis Federal Reserve President James Bullard said on Thursday that a minimum level for a restrictive Federal Reserve (Fed) policy rate would be 5% to 5.25%, as reported by Reuters.The US Dollar Index edged slightly lower in the last hour but it was still up 0.6% at 106.90 at …

On Thursday, a statement by the Russian Foreign Ministry confirmed that the agreement to export grain through the Black Sea will be extended for 120 days, starting from November 18, without any amendments to the current agreement. The statement added that Moscow assumes that Russian concerns related to easier conditions …