Forex Market

US inflation expectations as per the 10-year and 5-year breakeven inflation rates according to the St. Louis Federal Reserve (FRED) data, challenge the recently hawkish bias over the US Fed.The inflation precursors might have taken clues from the Fed policymakers’ dovish comments, including those from Chairman Jerome Powell, to challenge …

Oil prices fell nearly 3% on Monday, following US service sector data that has added to worries that the Fed could continue its aggressive policy tightening path. So, the data caused oil and stock markets to pare gains.Brent crude futures were down $2.18, or 2.6%, at $83.39 a barrel by …

The GBP/USD pair slides amid risk aversion at start of week US session. The British Pound is vulnerable to soured UK politics and economy. The US dollar bulls are moving in on the face of stronger US economic data.The British Pound is under pressure in the US trading session as …

The Euro is falling against the US Dollar after hitting a six-month high nearby 1.0600. Eurozone data was mixed, though slanted towards the negative territory as Retail Sales retreated. Therefore, the Euro is almost unchanged against the dollar following the release of the positive US ISM Services PMI that underpinned …

The US Dollar fell again last week. However, according to analysts and economists the dollar is expected to consolidate ahead of November Consumer Price Index (CPI) data and December’s FOMC meeting.A shift in momentum signals could keep the US dollar’s negative performance in the short-term. Yet, the US dollar’s downside …

Factory Orders in the United States rose more than expected in October. Combined with the better-than-expected ISM Services PMI report, the data helps the US Dollar continue to outperform its rivals during the second half of the trading day on Monday. At the time of writing, the US Dollar Index …

Official data showed Monday, December 5, that Turkey’s annual inflation slowed to 84.39% in November, just short of expectations, ending a 17-month period of increases since last year when the central bank began cutting interest rates. The Turkish Statistical Institute said that consumer prices rose 2.88% monthly, compared to expectations …

Gold prices stabilized Monday, December 5, after hitting their highest level in 5 months, while the dollar fell after more Chinese cities eased anti-Covid-19 restrictions over the weekend. There was little change in the spot gold price, recording $1,799.26 an ounce, after touching the highest level since July 5 at …

European stocks fell on Monday in cautious trading ahead of the publication of data on business activity amid concerns about the economic slowdown in the European Union. Stocks posted gains for the seventh consecutive week on Friday, supported by China’s easing of COVID-19 restrictions following protests against the country’s strict …

The weaker US dollar and risk aversion were in news headlines most of the time during Friday’s US trading session. The positive employment report on the United States suggested the Fed might need to keep hiking rates to ease a contracted labour market, though it failed to reinforce the US …