Forex Market

The Japanese currency has enjoyed a long safe haven and safe investment status in a financial world with plenty of uncurtaining, but as the yen fell to its lowest level against the US dollar in more than two decades this week, analysts have speculated that its safe haven status may …

The Bank of Canada will have its monetary policy meeting. Market consensus is for an increase in the key rate to 3.25% next week. Analysts look for the BoC to decide a 75-basis point interest rate hike, bringing rates into restrictive territory. They see little incentive for smaller hikes CPI …

The US employment has lost a significant amount of momentum. But some economists still believe that the Fed is expected to stick to its plan despite signs of a weakening. Fed Chairman Powell, in his speech at Jackson Hole, has put the markets on notice that monetary policy will continue …

Nonfarm Payrolls in the US rose by 315,000 in August, the data published by the US Bureau of Labor Statistics revealed on Friday. This reading followed July’s increase of 526,000 (revised from 528,000) and came in slightly better than the market expectation of 300,000.  to be updated…

Gold prices rose on Friday, September 2 as the dollar retreated from its recent peaks. Still, the precious metal faces its third consecutive weekly loss amid expectations that the US Federal Reserve will stick to its hawkish stance in raising interest rates. And gold rose in spot transactions 0.4%, recording …

On Friday, September 2nd, European shares recouped some of the losses they incurred during a turbulent week in which concerns increased about the energy crisis, strong inflation data and expectations of an interest rate hike by the European Central Bank next week. The European Stoxx 600 index rose 0.7%, ending …

September brought some additional recession-related concerns to almost all financial markets, however; the American dollar surged, helped by positive US data and the negative market sentiment.The EUR/USD pair trades around 0.9950, while GBP/USD plunged to 1.1497, now trading around 1.1540. Commodity-linked currencies finished the day mixed, as AUD/USD is down …

At the time of writing, gold trades around $1695.60. in order to defend its stance, Gold attempted to build a fort near $1,690 on Thursday after a steep retreating move. Gold seeks a chance to rebound; such a pullback could push gold above the psychological resistance of $1,700.00.The downtrend will …

This Friday’s NFP report for August comes one week after remarks by Fed’s Jerome Powell, in his speech before Jackson Hole symposium, opening the door for important questions, including but not limited to: how much the jobs data will convince Fed’s policymakers of a certain QT course.NFP data has usually …

Eurozone bond yields sharply surged on Thursday and the Italian 10-year yield breached 4% for the first time since June, but this happened only briefly. Traders continue betting on a jumbo interest rate hike in next week’s ECB monetary policy meeting.Eurozone money markets on Thursday were discussing the 85% chance …