Forex Market

Gold trades at $1,735.77 per ounce at the time of writing versus $ 1,747.37 in the previous trading session. Gold prices are generally falling behind the pace again to begin the week. The latest Consumer Sentiment data is being blamed for another sharp surge in the US Dollar overnight that …

The Dow Jones Industrial Index sharply fell, on Monday, in its worst day since June, as the summer rally fizzled out and fears of aggressive interest rate hikes returned to Wall Street.The Dow fell 643.13 points, or 1.91%, to 33,063.61. The S&P 500 dropped 2.14% to 4,137.99, and the Nasdaq …

The AUD/USD pair is back to flat on the day following a risk-off-led drop at the start of the week. The bears are waiting for the Jackson Hole around the corner amid Chinese economic fears.AUD/USD bulls are attempting to stabilize the pair following a test of daily lows at the …

Bitcoin and Ethereum have extended their declines from Friday’s drop in Monday morning trading, though recovering a bit from an even deeper slump seen earlier in the session.The bearish price action also came as U.S. Treasury yields rose slightly across the curve, with the 10-year (US10Y) up three basis points …

The United Kingdom recorded its biggest fall in output in more than 300 years in 2020 when it faced the brunt of the COVID-19 pandemic, as well as a larger decline than any other major economy, updated official figures showed on Monday.Gross domestic product fell by 11.0% in 2020, the …

The Euro is under pressure as Russia to halt gas supplies, while the Chinese Yuan dips to nearly 2-year low as PBOC eases policy again. The U.S. dollar rose across the board on Monday, briefly driving the euro back below parity, as investors shied away from riskier assets amid growing …

Ukraine’s agricultural exports are likely to rise to around 4 million tons in August from 3 million tons in July, thanks to a U.N.-brokered deal to lift the blockade of Ukrainian seaports, the deputy head of Ukraine’s agricultural council said on Monday. In televised comments, Denis Marchuk, whose council represents …

Refinitiv Eikon data showed Monday that Turkey had doubled its imports of Russian oil this year as the two countries prepare for broader cooperation in trade, especially in the energy sector, despite Western sanctions against Moscow. Trade between Turkey and Russia has been booming since the spring when Turkish companies …

The US dollar index hit a five-week high on Monday after another Federal Reserve official indicated that monetary tightening may remain strong ahead of the central bank’s Jackson Hole seminar this week. The euro fell to its lowest level in five weeks after Russia announced a three-day halt to European …

Gold prices fell for the sixth consecutive session on Monday, hitting their lowest level in more than three weeks, affected by the strength of the dollar and expectations that the Federal Reserve will raise interest rates to curb rising inflation. And the price of gold in spot transactions 0.1 percent …