Forex Market

Gold prices stabilized on Tuesday, as a stronger dollar and fears that the Federal Reserve would raise interest rates again put pressure on US bond yields. And gold settled in spot transactions at $ 1779.39 an ounce, and US gold futures fell 0.1 percent to $ 1795.70. The US 10-year …

The EU is working on a final draft concerning the nuclear deal with Iran as Tehran asks for further flexibility on the part of the United States. Iran is expected to provide an answer by the end of the day. The EU wants to bring back Tehran’s nuclear deal amid …

Wednesday’s FOMC Minutes will be crucial for near-term directions amid uncertainty over the policymakers’ bias after the latest inflation readings and the size of the next rate hike. To sum up; Wednesday is all about the July FOMC minutes and while the minutes are some weeks old, no one is …

The NZD/USD pair drops from last week’s highs around 0.6468 on risk aversion. China’s economic slowdown looming and bleak NY Fed Empire State Index underpin the US dollar.The Reserve Bank of New Zealand is expected to hike rates by 50 bps on Wednesday. The NZD/USD snaps five days of gains …

Analysts expect the annual Consumer Price Index (CPI) in Canada to decline to 7.8% in July from 8.1% in June with lower energy prices and larger base effects weighing on the headline print.Food prices and rents should bounce back from their muted performance in June, while mortgage interest costs provide …

Gold Price breaches the critical 50 DMA at $1,782 despite falling yields. China data-led triggers risk-aversion, boosts the safe-haven US dollar. The Gold Index remains exposed to testing the bullish 21 DMA on a daily closing below 50 DMA.Gold Price is deep in the red during the US session, as …

The gold market is not seeing much reaction to the latest economic data as it tries to hold support around $1,800 an ounce. December gold futures last traded at $1,796.30 an ounce, down 1% on the day. At the time of writing, gold price even deteriorates to $1778.71. With a …

Turkey’s public budget deficit doubled to 64 billion Turkish liras in July, and Turkey’s general budget data showed a deficit of 31 billion liras in June, according to Treasury and Finance Ministry data. Turkey suffers from a significant rise in the inflation rate, as it recorded 79.6% in July, up …

The safe-haven US dollar rose on Monday after a fresh batch of disappointing data from China reinforced fears of a global recession. At the same time, the yuan fell after the People’s Bank of China surprisingly cut interest rates. Chinese industrial production, retail sales and fixed asset investment missed analysts’ …

Gold prices fell on Monday as the dollar rebounded amid expectations that the Federal Reserve will raise interest rates sharply, adding to pressure on the yellow metal. And gold fell in spot transactions 0.6 percent to $ 1791.33 an ounce by 0704 GMT, after rising by about 1.6 percent last …