Forex Market

Gold prices settled near their lowest level in two and a half years today, Monday, affected by the rise in the dollar and with the adoption of a tough stance by major central banks on interest rates to reduce inflation. And the price of gold in spot transactions fell 0.3% …

The Turkish lira fell to an all-time low against the dollar during early trading Monday, September 26, bringing its losses so far this year to more than 28% and continuing its decline after an unexpected interest rate cut last week. The lira price reached 18.4440 against the dollar as of …

Capital controls and currency intervention will be among tools emerging Asians can use if rapid US interest rate hikes and the surging dollar force the risk of falling in a debt crisis. So, it is appropriate and helpful to compose the comprehensive picture of financial assets’ performance, last week from …

After FOMC had turned more hawkish on Wednesday, several waves began to sweep across financial markets on Thursday and also on Friday. Some major central banks are not able to cope with the Fed, this is why the US dollar is soaring and continues to strengthen with the Dollar Index …

Gold price stumbled to thirty month low at $1638.90 on Friday before it turned back to trade at $1643 per ounce at the time of writing versus Thursday’s closing price at $1670.95. Volatility in the markets and dramatic FX plays did not leave gold untouched as the precious metal fell …

THE USD/CHF pair has extended its weekly gains to 1.98% after the Fed and SNB monetary policy decisions. The major break above the 0.9600-0.9700 range, registering a fresh weekly high at 0.9851.The pair advanced during Friday’s US session, gaining 0.60%, courtesy of a risk-off impulse spurred by fears of a …

WTI, drops below $80.00 per barrel on Friday, while the US Dollar remains buoyant as the US Dollar Index rises to levels last seen on May 2002, a headwind for the US dollar-denominated commodity. Therefore, WTI is trading at $78.80, below its opening price by almost 6%, after hitting a …

The pound falls across the board on Friday. The EUR/GBP pair is having best day since March 2020 on the collapsing sterling.After a brief pullback, the EUR/GBP pair resumed the upside and hit levels above 0.8900 for the first time since 2020. So far, the cross peaked at 0.8910. It …

Swiss National Bank (SNB) Chairman Thomas Jordan said on Friday that further rate rises cannot be ruled out, as reported by Reuters.The USD/CHF pair edged slightly lower on these comments and was last seen rising 0.42% on the day at 0.9808.Key Quotes “Swiss inflation has risen much more than expected, …

Analysts at Danske Bank forecast the AUD/USD pair at 0.67 in a month, at 0.67 in three months and at 0.66 in six months. They point out the Australian dollar could receive some support from a tight supply of several commodities. Key Quotes:“The persistent global inflation has increased the risk …