Forex Market

European shares rebounded on Thursday after falling in the previous session. Investors awaited more economic data and the European Central Bank’s September meeting minutes to indicate the pace and path of interest rate hikes. The Stoxx 600 index was up 0.6 percent by 0710 GMT, tracking Wall Street. Until the …

The US dollar ended the trading session with mixed performance after a brief surge on Wednesday. Risk-off flows returned amid tensions between Europe and Russia, as well as claims that North Korean-Japan tensions have been renewed, although the sentiment improved during US trading hours as the United States released positive …

Gold price has resumed its upside trend after a pullback to near $1,700.00. Escalating Japan-North Korea tensions are turning the risk to the negative side.After bumper US ADP data, positive NFP data could mean a next 75 bps rate hike in November. The gold index turned sideways after sensing demand …

On Wednesday, in the context of prepared remarks to the Northwestern University Institute for Policy Research, Atlanta Fed president Raphael Bostic noted that the US Federal Reserve’s fight against inflation is “still in early days”. Despite “glimmers of hope” in recent data, Bostic said “the overarching message I’m drawing…is that …

Gold price was down by 0.7% by midday in New York, trading below the highs of the day of $1,727.84 and reaching as low as the psychological $1,700 level. The US dollar derived momentum from Wednesday’s strong in US yields which is putting a barrier up against gold’s recent resurgence.The …

The AUD/USD pair is falling due to weaker risk appetite and the stronger US dollar on the back of soaring Treasury bond yields. Therefore, the pair drops for the second consecutive day as the US dollar snaps five days of losses, as risk aversion accelerates on the speculation that central …

The EUR/USD pair fell as speculation on Fed’s intentions regarding interest rate pace has decreased. The EUR/USD is erasing some of Tuesday’s gains as US T-bond yields are seen rising again, while US Services PMI data, even though slowed, is still at expansionary territory. At the time of writing, the …

The dollar index resumed its rise today, Wednesday, after it recorded the largest daily decline in more than two years, pending the release of many economic data ahead of the monthly jobs report expected at the end of this week. The impact of the dollar’s rise – which has risen …

European shares fell on Wednesday, after rising more than 5% in the previous three sessions, on the back of easing concerns about the pace of monetary tightening, as well as investors awaiting a slew of regional and US data due later on Wednesday. The pan-European Stoxx 600 index was down …

Bitcoin surged on Tuesday and is seen climbing above $20,000 for the first time in three weeks. The most famous cryptocurrency settled below the milestone threshold by Tuesday early afternoon.At the same time, bitcoin’s returns are tracking increasingly to gold and its 30-day performance now sits a highs not seen …