Forex Market

The AUD/USD advances towards solid resistance around the 0.6970-90 area. Weak US economic activity and manufacturing data reported on Monday increase the chances of a US recession.The AUD/USD climbs during the North American session but faces solid resistance around the 50-day EMA around 0.6971, amidst an upbeat market mood, with …

Dallas Fed Manufacturing Index sharply fell again in July. The US Dollar Index received the news by trimming daily losses, and rises to 106.50. The headline General Business Activity Index of the Federal Reserve Bank of Dallas’s Manufacturing Survey plunged to -22.6 in July from -17.7 in June. This reading …

Ukraine on Monday continued efforts to restart grain exports through Black Sea ports under a deal aimed at easing the global food shortage crisis, but said the weekend bombing of Odessa port by Russian forces posed a threat to shipments. As the war entered its sixth month, the Ukrainian military …

Japan’s Nikkei snapped a seven-day winning streak on Monday, dragged down by a decline in Wall Street in the previous session. Investors awaited US gross domestic product data and this week’s Federal Reserve meeting. The Nikkei index fell at the close 0.77 percent to close at 27,699.25 points, retreating from …

Gold prices fell on Monday, July 25 after the dollar’s rise and expectations of a US Federal Reserve interest rate hike this week dampened gold demand. The price of gold fell 0.2% to $ 1724.50 an ounce as of 04:23 GMT, after rising to its highest level in more than …

The US dollar fell over the past week by more than 1.5%, and closed at 106.410 last Friday. The US Treasury yields declined, but the gap remains large between the two-year yields of 2.9721 and the 10-year yields of 2.754. Following the conclusion of its two-day policy review meeting on …

The US yield curve is still inverted, this has continued for 14 successive days. Fragile market sentiment prevailed on Friday, as equities are seesawing, due to US S&P Global PMI data, flashing a contraction in the services sector and its Composite index, while traders seek safety towards US Treasuries, with …

US crude oil prices stabilized below $95 per barrel for the first time since April in choppy trading circumstances on Friday after the European Union announced it would allow Russian companies to ship oil to third countries under an adjustment of sanctions agreed by member states this week. Under the …

Gold Price is set to finish the week up by almost 1%, snapping five weeks of losses. Investors’ recession-linked fears were renewed on weaker than expected EU and US PMI data.The US 2s-10s yield curve inversion extended for 14 straight days. Gold Price rises for the second consecutive day after …

The USD/CHF pair is poised to finish the week with solid losses of 1.30%. The market sentiment is relatively negative, which constitutes a headwind for the USD/CHF. The USD/CHF tumbles on the back of worse than expected US PMI data, further extending its weekly losses, as sentiment deteriorates due to …