Forex Market

US Treasury Secretary Janet Yellen said on Thursday that the Biden administration is listening to concerns raised by European allies over the US Inflation Reduction Act, a $430 billion green energy subsidy package.Many European Union countries fear their companies will be unfairly disadvantaged by the subsidies contained in the new …

Deputy BoC Governor Sharon Kozicki said on Thursday that the Bank of Canada will study the latest economic data to find out direction and accordingly decide whether or not to raise interest rates, adding it would move forcefully if necessary.At the time of writing. USD/CAD pair trades at 1.3583, namely …

GOLD prices rallied on Thursday, erasing this week’s previous 1.4% drop in Dollar terms as the US currency retreated once more on the FX market ahead of next week’s expected slowdown in Federal Reserve rate hikes, helping New York equities push higher despite a rise in longer-term interest rates in …

The US Dollar falls across the board on Thursday, amid positive risk appetite. The AUD/USD pair strengthens after breaking 0.6750, trims weekly losses. US Initial Jobless Claims rise to 230K and Continuing Claims hit fresh monthly highs.The US dollar’s decline boosted the AUD/USD pair that broke above 0.6745. It hit …

European stocks fell on Thursday, pressured by falling utilities and telecom stocks amid growing fears of an imminent recession. The Stoxx 600 index was down 0.1 percent by 0815 GMT. The index fell for the fourth consecutive session on Wednesday amid growing fears of slowing economic growth ahead of a …

On Thursday, the dollar recouped some of the losses it posted the day before, as investors focused on expectations of the Federal Reserve’s monetary policy path amid fears that higher interest rates could trigger a recession. With the Bank of Japan holding long-term bond yields near zero, the yen weakened …

Oil prices recovered in early Asian trade on Thursday after tumbling to their lowest level this year, as production and gasoline inventories rose in the United States as concerns grew that an economic slowdown could weaken demand for fuel. Brent crude futures rose $1 to $78.17 a barrel, by 0600 …

The US dollar recorded fresh losses on Wednesday against most of major rival currencies. The dollar’s decline was contained, but it is obvious that further declines are probable.Earlier in the day, China announced a series of measures easing Covid-linked restrictions. The US Treasury yield curve inverted the most in over …

West Texas Intermediate has fallen to the lowest in nearly one year. Recession-linked concerns dominate the market sentiment and the Fed’s rate decision next week is awaited with all open eyes.The American crude fell to the lowest in nearly a year on Wednesday despite the good news in China’s steps …

The AUD/USD pair holds on positive performance despite risk aversion. The Australian economy expanded less than expected in the third quarter, so investors’ eyes are still on the economic data.The AUD/USD pair is higher on the day having climbed from a low of 0.6668 and reaching a high of 0.6734 …