Forex Market

Despite solid US data, the USD/JPY pair is currently down 0.35% at 145.70; DXY is up 0.51% to 103.718 but is unable to support USD/JPY. Retail sales in Japan increased by 6.8% YoY, exceeding expectations, but a disappointing 2.4% decline in industrial production adds to the BoJ’s policy dilemma.After hitting …

The Turkish economy grew by a more-than-expected 3.8 percent in the second quarter, driven by strong household spending, data showed on Thursday, but activity is expected to slow until the end of the year as election-related stimulus fades and the impact of large interest rate increases takes effect. Data from …

European stocks rose at the open on Thursday, and the financial sector received support from the shares of the Swiss bank UBS after the bank’s decision to acquire its local competitor, Credit Suisse, while investors awaited a set of important economic data to be issued later on Thursday. By 0710 …

The euro held at a 15-year high against the yen on Thursday thanks to signs of continued inflation in Europe, while the dollar came under pressure ahead of consumption, inflation and jobs data that may provide new evidence of slowing economic growth. Data on Wednesday showed that the annual inflation …

Gold prices rose to near one-month highs on Thursday as a new batch of weak US data reinforced expectations for a pause in interest rate hikes this year, although inflation readings released later on Thursday may revise those expectations. By 0331 GMT, spot gold rose 0.2 percent to $1,945.40 per …

Gold rose for the third consecutive day, encountering resistance below $1,950. Lower yields and a weaker Dollar provided support for the precious metal. Silver reversed after reaching $25.00 and closed marginally lower at $24.60.The US Dollar Index fell for the third consecutive day, reaching the lowest close in two weeks, …

With a three-day winning streak near $1,942 and almost 1.50% daily gains. The US reported weaker labour market figures, with ADP Employment Change increasing by 177,000 employed people, lower than expected.Jerome Powell emphasized restrictive monetary policy until cooling trends show a cooling trend. The US bond yields decreased to 4.88%, …

A significant data week is coming up with the release of the most recent PCE inflation estimates on Thursday and the August NFP report on Friday, which will signal the end of the summer. At 12:30 GMT, both reports will be made public. Following Fed Chair Jerome Powell’s speech on …

Despite poor US GDP and employment market data, the EUR/USD pair is up 0.38 percent, suggesting that the Fed may delay raising interest rates. In addition to strengthening the Euro, the US Dollar Index declines to 103.187 as US Treasury note yields also retreat.German HICP surpasses expectations, supporting the Euro …

The AUD/USD pair increased at 0.6490 and then held above the 0.6473 20-day SMA. At the time of writing, it is trading at 0.6474. Investors wager on a less aggressive Fed because the US labour markets are still weak. US bond yields hit a three-week low.The AUD/USD gained momentum on …