Forex Market

Gold prices rose on Tuesday, as a weaker dollar made bullion in which it is priced less expensive for overseas buyers despite thin trading after the long Christmas weekend. Gold rose 0.4 percent to $1,804.99 an ounce at 0546 GMT. US gold futures rose 0.4 percent to $1,811.90. The dollar …

Some observers have described the ECB’s latest policy decision as “kamikaze” and said it would lead the Eurozone to a prolonged recession.Europe’s central bank decided to raise interest rates in the Eurozone, and this is likely to lead to a collapse of the Euro and to a severe economic crisis …

The latest announcement by the Bank of Japan (BOJ) to modify its so-called Yield Curve Control framework immediately created a state of chaos in the currency markets.The announcement by the BoJ at one of the most illiquid times of the day. It also occurred during one of the most illiquid …

The dollar fell against most currencies in volatile and weak trading on Friday after data indicated a slight slowdown in inflation in the United States, which boosted expectations of the Federal Reserve raising interest rates at lower rates and improved investors’ appetite for risk. The personal consumption expenditures price index …

The US dollar showed signs of recovery in a bullish correction, supported by positive US data that has fueled speculation that the Fed will pursue fighting inflation in 2023.The dollar remained mostly flat for the day in low-volume holiday markets, trading around 104.34. The index has stuck to a range …

A few months ago, observers said that they believe the most likely outcome for fiscal policy over the next two years will be a monetary policy jam. This comes after the Democrats enacted major spending programs in the past two years to maintain relief for the COVID-19 pandemic, in addition …

As expected, Durable Goods Orders data in the US retreated in November. The US Dollar Index is within its daily range below 104.50 after the data.Durable Goods Orders in the US declined by 2.1%, or $5.8 billion, in November to $270.6 billion, the US Census Bureau announced on Friday. This …

The US PCE inflation eased for November as expected. In the United States also, the Durable Goods Orders was disappointing. Meanwhile, the GBP/USD pair struggles to retain the 1.2038 mark as US dollar demand increase ahead of the long weekend.Following a short-lived slide to 1.2022, which is a fresh daily …

The Canadian economy expanded by 0.1% in October as expected. The USD/CAD pair continues to trade in negative territory near 1.3600. Real Gross Domestic Product of Canada grew by 0.1% on a monthly basis in October, Statistics Canada reported on Friday. This reading followed September’s 0.2% growth and came in …

The US dollar Index is still trading within its daily range above 104.00. Sales of new single‐family houses rose by 5.8% in November to a seasonally adjusted annual rate of 640,000, the data published jointly by the US Census Bureau and the Department of Housing and Urban Development showed on …