Forex Market

Data on Friday showed inflation in France unexpectedly slowed for the second consecutive month in September, deviating from the trend in its neighbor Germany and the broader eurozone, supported by a slowdown in the rise in energy and services prices. France’s annual inflation rate fell to 6.2 percent in September …

Gold prices, which rose on Friday as the dollar fell, are close to posting their worst quarterly drop since March last year, as central banks around the world stick to tight monetary policies. And gold rose in spot transactions on Friday 0.3 percent to $ 1665.99 an ounce by 1029 …

Data published by the Turkish Statistical Institute on Friday showed that the country’s foreign trade balance deficit rose 159.9% year-on-year to $11.19 billion in August, affected by a 40.4 percent rise in imports. The data indicated that imports amounted to $32.53 billion, while exports rose by 13.1 percent to $21.34 …

European shares rose on Friday on the last day of trading from a turbulent quarter in which stocks were hit hard as investors worried about the impact of monetary policy tightening on economic growth and corporate profits. The pan-European Stoxx 600 index rose 0.8 percent by 0713 GMT, boosted by …

Oil prices were little changed in early trading on Friday, but they are heading for their first weekly gain in five weeks, supported by the decline in the US dollar and the possibility of the OPEC + group agreeing to cut crude production when it meets on the fifth of …

The US dollar ended the day unevenly across the FX board, despite Wall Street resuming its decline and trimming all Wednesday’s gains. Treasury yields remained stable, with the 10-year note yielding 3.75% and the 2-year note 4.17%.Gold trades near its weekly high at the $1,664 level, while crude oil prices …

WTI has pared the first weekly gains in five as traders await more clues. Supply related fears from Russia, chatters over OPEC+ output cut favor buyers.WTI crude oil prices is pressured towards $81.00 after retreating from the weekly highs around $82.50 the previous day. Crude oil is looking for decisive …

Intense market volatility in the UK escalated recession risks and global contagion fears. The gold market is one clear example, as it is cautiously observing the developments as prices rise from 2.5-year lows.UK market’s decline continues one day after the BoE intervened in the gilt market via an emergency bond-buying …

The gold price has started to find support and is back to trading near flat on the day at around $1,660.50, at the time of writing, efficiently escaping the earlier $1,641.57 low to the day’s high of $1,664.89. The US dollar continued to ease and spared its domination over rival …

Mexico’s central bank said the board was unanimous on the rate decision where it raised the benchmark interest rate to 9.25% from 8.50%. The USD/MXN pair is 0.25% bid on the day at 20.1947.Key QuotesSays the balance of risks for the trajectory of inflation within the forecast horizon remains biased …