Forex Market

The US dollar started the week with positive performance against most major rival currencies, although a Federal holiday in the US maintained volumes at their lows and major pairs within limited intraday ranges.On Monday, Moscow decided to cut energy to Europe until Western sanctions are lifted. Germany announced it will …

The US dollar has continued to surge since the beginning of the weekly trading coinciding with the Labor Day holiday in the United States.The US dollar is soaring on end of last week’s employment data that came in overall agreement with the path expected by the Fed with regard to …

Gold price hardly slides 0.13%, weighed by higher US Treasury bond yields and the strength of the US dollar.Gold price losses some of its brightness at the beginning of the week, down by 0.49%, in a thin liquidity trading day, with US markets, closed in the observance of Labour day. …

The Bank of Canada is expected to issue its latest monetary policy decision on Wednesday. A rate hike of 75 basis points is widely expected. Analysts believe that central bank will slow down the pace of its rate hikes after this September’s meeting, only taking the policy rate to 3.75% …

Bank of England BoE policymaker Catherine Mann said on Monday that the of increase rate gradual pace has not sufficiently tempered expectations.BoE Chief Economist Huw Pill also argued that a fast and forceful tightening potentially by a hold or reversal was superior to a gradualist approach.Mann noted that “Long-term expectation …

French President Emmanuel Macron announced EU member states could satisfy gas storage targets, having 92-93% of the storage capacity already filled.Macron’s statements came after his phone talks with German Chancellor Olaf Scholz. Markets paid little attention to these comments and EUR/USD was last losing 0.3% on the day at 0.9920.Additional …

European shares fell on Monday after Russia extended a halt to gas flows through the Nord Stream 1 pipeline to Europe, raising concerns about energy prices and growth and prompting governments to announce emergency measures. The pan-European Stoxx 600 index was down 1.6 percent by 0713 GMT, while the German …

Data on Monday showed Turkey’s annual inflation rate rose to a 24-year high of 80.21 percent in August, after the central bank decided to cut interest rates unexpectedly last month, but the data remained below expectations. The Turkish Statistical Institute said consumer prices rose every month by 1.46 percent, compared …

Gold prices stabilized on Monday, after jumping as much as 1.2 percent in the previous session, as cautious investors focused on the path of the Federal Reserve (US Central Bank) raising interest rates after swinging job data. There was no change in the price of gold in spot transactions at …

The Non-Farm Payrolls report has been the dominant market for the past week. Nonfarm Payrolls in the US rose by 315,000 in August, this reading followed July’s increase of 526,000 (revised from 528,000) and came in slightly better than the market expectation of 300,000. The Unemployment Rate rose to 3.7% …