Forex Market

The EUR/USD is pressured and teasing two-decade low marked earlier in the week. Russia’s Nord Stream gas pipeline leaks, in the Baltic Sea, renewed fears about Europe’s energy crisis, and at the same time raised recession-linked fears. The EUR/USD pair holds lower grounds around the yearly bottom marked on Monday, …

European Commission chief Ursula von der Leyen on Tuesday said the leaks of the Nord Stream pipelines were caused by sabotage.The EU’s official also warned of the “strongest possible response” should active European energy infrastructure be attacked.Ursula von der Leyen spoke to Danish Prime Minister Mette Frederiksen on the sabotage …

Gold is trading at $1629.30 per ounce at the time of writing versus Monday’s closing price of $1622.15. Gold price is relatively higher on the day as markets head into the close of Wall Street. The yellow metal gained ground on Tuesday as bulls moved in at the lowest levels …

Fed Chair Jerome Powell warned that taming inflation would mean some “pain” to US households and businesses. So far, the pain materialized in retreating stock values and higher borrowing costs business investments, and credit-card purchases. But the pain could also include surging unemployment, and the consequences thereof.Fed’s newly aggressive rate-hikes …

The USD/CAD pair edges up but it earlier on the day it was still below the Year-To-Date highs at around 1.3730s, afterwards, it is trading at 1.34447 at the time of writing. Truth to say that US economic data was positive, supportive of the Fed’s current policy stance.The US CB …

Speedy US rate hikes raised the risk of recession, but it is likely to be caused by an outside shock rather than from the collapse of the American economy that remains robust according to statements by St. Louis Fed president James Bullard.Bullard said, at an economic forum in London, that …

Consumer sentiment in the United States has continued to improve throughout September, meanwhile, the US Dollar Index rebounded to the 114.205 area with the initial reaction to the data.With the initial reaction, the US Dollar Index extended its recovery and was last seen posting small daily losses at 114.02.Tuesday’s data …

The Bank of England is expected to decide an important policy response to finance minister Kwasi Kwarteng’s financial plan embodying tax cuts but, the central bank could wait until its next scheduled meeting in November before making such a move according to BoE Chief Economist Huw Pill.The British pound gathered …

Gold prices jumped 1 percent on Tuesday as the dollar weakened, although the Federal Reserve’s expectations of a further interest rate hike kept the precious metal near its lowest level in two and a half years. And the price of gold in spot transactions increased by 1.1 percent to 1639.94 …

Oil prices rose more than 1 percent on Tuesday, after plunging to a nine-month low the previous day, amid signs that the OPEC+ alliance may begin to cut production to avoid a further price collapse. US NYMEX crude rose to levels near $78 a barrel during these moments of trading …