Forex Market

European shares opened higher on Thursday, ahead of what could be the largest interest rate hike ever announced by the European Central Bank. Mining and banking stocks led the gains. Markets are awaiting the size of the central bank’s increase in the main interest rate. The bank is studying a …

Gold prices fell on Thursday, while investors awaited comments from Federal Reserve Chairman Jerome Powell and the European Central’s decision on the upcoming interest rate later Thursday. And gold fell in spot transactions 0.1 percent to $ 1716.59 an ounce (an ounce) by 0609 GMT, after rising by about one …

The US dollar was able to maintain its strong stance throughout the first half of the day, but later, the dollar had to retreat along with the sliding T-yields during the US trading session.Gold fell to touch intraday low of $1,691.32 per troy ounce but managed to recover towards the …

After earlierly hitting three-month highs, US T-yields slipped on Wednesday because the demand for US dollars has helped send money into government debt and before an awaited speech by Fed Chair Jerome Powell on Thursday.Overall, there is demand for dollars, so there’s more money pouring into the Treasury market. The …

Gold price is firm on Wednesday, but the precious metal is looking forward to reaching key resistance as the US dollar retreated from fresh highs. Gold bulls eye a 50% mean reversion with the prospects of a break to $1,735 beyond the said level. Gold price has added to gains …

The Fed’s Beige Book has noted that US economic activity is still under pressure and that “the outlook for future economic growth remained generally weak”.The Fed released its latest summary of feedback from business contacts nationwide as policymakers are considering whether to proceed with a third straight 75-basis-point interest rate …

Treasury yields have been in focus again prior to the open, with the yield on the benchmark 10-year Treasury note rising more than 11 basis points to 3.314%, while its 2-year counterpart rose about eight basis points to 3.481%.Wednesday’s moves come after the 10-year note jumped to its highest level …

Fed Vice Chair Lael Brainard reiterated on Wednesday that the Fed’s policy rate will need to rise further and that they will need to keep the policy restrictive ‘for some time’.The US Dollar Index showed no immediate reaction to Brainard’s comments and was last seen losing 0.25% on the day …

The USD/CAD is soaring despite Wednesday’s 75 bps rate hike by the Bank of Canada, from 2.50% to 3.25%, amid mixed market sentiment, with most global equities tumbling, except for US stocks.At the time of writing, the USD/CAD edges up 0.18%, trading at 1.3174, above its opening price at 1.31510.The …

According to the Federal Reserve Bank of Atlanta’s GDPNow model, the US economy is expected to grow at an annualized rate of 1.4% in the third quarter, down from 2.6% in the previous estimate.This report doesn’t seem to be having a significant impact on the dollar’s performance against its rivals. …