Forex Market

The economic outlook for Europe’s largest economy looks gloomy due to soaring energy prices and supply chain disruptions according the Finance Ministry’s August monthly report, published early Friday.Given the early Asian session’s inaction, EUR/USD fails to react to the news and was last seen around the one-month low flashed the …

The EUR/USD slides below the 1.0100 figure for the first time since July 27, as EUR sellers eye a daily close below 1.0096, which could pave the way for retesting the parity level. At the time of writing, the EUR/USD is trading at 1.0089, well below its opening price, after …

St. Louis Fed Governor, James Bullard said, on Thursday, that he is not prepared to assume that inflation surge has peaked in the United States.Markets have generally surged as investors price in a soft landing for the US economy and the end of peak inflation. But once the US dollar …

The Turkish lira fell Thursday, after a surprise interest-rate cut has been decided by the country’s central bank. Similarly; Turkey’s bonds were subject to broad selloff, and investors now react by moving price in a higher risk of sovereign default, after the country’s central bank unexpectedly had decided cut interest …

The EUR/USD pair is under pressure. The EUR/USD pair sharply dropped during the US session and is obviously facing increasing bearish pressure near a critical support at 1.0110. A break below 1.0100 would bring about parity.On Thursday, the pair touched the 1.0107 level which is, in fact, the lowest level …

Emerging market stocks and currencies fell on Thursday on the signals by Wednesday’s FOMC Minutes. The minutes obviously signaled further US interest rate hikes. MSCI’s index of emerging market stocks retreated 0.6%, set for their worst session in two weeks, while its currencies counterpart MIEM00000CUS was on course for its …

This morning’s release of the July Existing-Home Sales has showed that sales fell to a seasonally adjusted annual rate of 4.81 million units from the previous month’s 5.11 million. Expectations mentioned 4.89 million. The latest number represents a 5.9% decrease from the previous month and a 20.2% decrease YoY.The National …

The dollar touched its highest level in three weeks on Thursday after the release of the minutes of the Federal Reserve’s meeting for the month of July, which indicated the continuation of raising US interest rates for a longer period to reduce inflation. The dollar’s rally caused sterling to briefly …

Contrary to expectations, the Turkish Central Bank decided on Thursday, August 18, to cut the interest rate on the lira during the week (Repo) to 13% from 14%, even though the inflation rate in the country is close to 80%. Over the past seven months, the Turkish Central Bank has …

Gold prices rose on Thursday as bond yields declined, but the dollar’s rally and expectations that the US Federal Reserve will continue to raise interest rates kept prices near two-week lows. And gold in the spot contracts rose 0.3 percent to $ 1765.80 an ounce, at 0920 GMT, after a …