Forex Market

Gold prices rose on Wednesday, supported by a slight decline in the dollar, as investors looked forward to the release of the minutes of the Federal Reserve’s monetary policy meeting for the month of September, as well as inflation data, for indications on the path of raising interest rates. And …

European shares fell on Wednesday after a batch of mixed business results highlighted the impact of tight monetary policy and rising inflation on corporate earnings. The pan-European STOXX 600 index fell 0.2 percent by 0706 GMT, the sixth consecutive session of losses, with the real estate and banking sectors leading …

Oil prices fell for the third consecutive session on Wednesday as the dollar strengthened and investors prepared to receive US inflation data amid concerns about fuel demand raised by the risks of a global recession and the tightening of Covid-19 restrictions in China. By 0410 GMT, Brent crude futures fell …

The US Dollar is strong at the end of Tuesday after intraday reverse that kept it in the red territory for most of the US trading session. The American Dollar extended its advance against its safe-haven rivals, with USD/CHF now quoting at 0.9960 and USD/JPY at 145.80.US Treasury bonds fell …

The EUR/USD pair is barely up 0.08% on Tuesday, following BoE’s Baily remarks, which deteriorated the market sentiment. During the European session, the ECB Chief Economist Philip Lane said that the ECB would impact the markets by hiking rates than selling its hefty pile of bonds on Tuesday. Given that …

The Euro breaks above 0.8800 to hit session highs at 0.8855. the EUR/GBP pair is trading at 0.8841 at the time of writing. Bank of England governor Andrew Bailey announces the end of the emergency support program and subsequently the pound falls.Additionally; BoE governor warns about unprecedented volatility in the …

Federal Reserve Bank of Cleveland President Loretta Mester reiterated on Tuesday that policymakers have not achieved much in their endeavors nor made any progress on lowering inflation.The US Dollar Index stays under bearish pressure despite these hawkish comments and was last seen losing 0.43% on the day at 112.70.Key Quotes“Monetary …

Gold price is slightly up during the North American session, but the precious metal is still pressured due to high US Treasury bond yields, as well as the stronger US dollar. The US 10-year Treasury bond yield is down by four bps but around YTD highs at 3.92%, while the …

The Bank of England (BoE) accepted 1.363 billion sterling of offers in the daily purchase operation of conventional long-dated bonds on Tuesday.The BoE rejected 47.6 million GBP of offers in the same operation. The 2-year UK bond yield pushed lower with the initial reaction and was last seen losing nearly …

Oil prices fell more than 2% on Tuesday, extending losses of about 2% also in the previous session, as fears of a global recession and an increase in Corona virus infections in China exacerbated concerns about slowing global demand. World Bank President David Malpass and International Monetary Fund Managing Director …