Forex Market

The GBP/USD pair rallied from a 50% mean reversion of Friday’s bullish run and broke to 1.2150 on Tuesday, breaking a key resistance around 1.2050 which has invalidated the prior downside bias.The pound sterling achieved strong gains during the US session, Tuesday, and was the most major currency gainer, by …

On Wednesday, February 22, the first FOMC Minutes in 2023 will be released. Supported by aggressive Fed rhetoric and rising T-yields, the US Dollar Index is expected to record monthly gains. The majority of traders and investors will scan the impending release for comments and quotes referring to the Fed’s …

Existing Home Sales in the US continued to decline in January. Meanwhile, the US Dollar Index stays in positive territory above 104.00. Existing Home Sales in the US declined by 0.7% in January to an adjusted annual rate of 4 million, the National Association of Realtors (NAR) reported on Tuesday. …

European Central Bank President Christine Lagarde said on Tuesday that they are not seeing a wage-price spiral in the Eurozone and explained that wage growth is a part of ‘catching up,’ as reported by Reuters.Lagarde further noted that the headline inflation has begun to slowdown but reiterated that they intend …

S&P Global Services PMI recovered above 50 in February’s flash estimate. The US Dollar Index continues to push higher above 104.00. The dollar also gathered strength against its rival currencies with the initial reaction and the US Dollar Index was last seen rising 0.35% on the day at 104.22.Business activity …

The Reserve Bank of New Zealand (RBNZ) will announce its monetary policy decision on Wednesday, February 22 at 01:00 GMT and as we get closer to the release time, here are the expectations as forecast by the economists and researchers of three major banks. RBNZ is expected to raise the …

Canadian retail sales rose by 0.5% in December from November at C$62.12 billion ($46.19 billion), on higher sales at motor vehicles and parts dealers, as well as general merchandise stores, Statistics Canada said on Tuesday. Sales were seen to rise by 0.7% in January, the agency said in a flash …

The Reserve Bank of New Zealand (RBNZ) will announce its monetary policy decision on Wednesday, February 22 at 01:00 GMT and as we get closer to the release time, here are the expectations as forecast by the economists and researchers of six major banks. According to a Reuters survey of …

European shares opened lower on Tuesday, with the impact of cautious expectations from HSBC on the Stoxx 600 index, while the optimistic performance of Engie shares mitigated some losses after the French energy company announced large annual profits. The European Stoxx 600 index fell 0.2 percent in the first hour …

The dollar hovered at the highest level in six weeks ahead of the announcement of economic data that may help determine the direction of interest rates in the future, while the euro fell ahead of the announcement of monthly data on corporate activity. Strong data for the US labor market …