Forex Market

US Dollar Strengthens as Market Prices in Fewer Fed Rate Cuts The US Dollar Index surged to its highest level since November 2022, exceeding the 110.00 mark, driven by a shift in market expectations towards fewer, if any, interest rate cuts from the Federal Reserve this year. This shift stems …

The US stock market exhibited a mixed performance at the start of the week, a stark contrast to the prevailing optimism that had recently gripped investors. The tech-heavy Nasdaq Composite led the decline, a stark reminder of the market’s vulnerability to shifts in economic sentiment. This downturn coincided with a …

The US dollar has continued its upward trend since the beginning of the new trading week, during the North American trading session, supported by recent developments in the financial markets last week, particularly regarding the policies of US President-elect Donald Trump and US employment data. The most prominent of these …

The New York Federal Reserve’s latest Survey of Consumer Expectations revealed a mixed picture of consumer inflation expectations in December, with concerns about household debt rising.Key Findings: Mixed Inflation Expectations:One-year ahead inflation expectations remained steady at 3%. Three-year ahead inflation expectations ticked up to 3% from 2.6% in November. Five-year …

Gold prices dipped on Monday as traders adjusted their expectations for U.S. interest rate cuts following stronger-than-expected nonfarm payroll data. The report boosted the dollar and raised doubts about the Federal Reserve’s willingness to ease monetary policy in the near term. Spot gold declined by 0.9%, trading at $2,664.64 an …

China’s exports experienced significant growth in December, providing a much-needed boost to an economy still contending with a prolonged property downturn and subdued consumer confidence. The acceleration in export activity was largely driven by manufacturers expediting shipments overseas in anticipation of potential trade policy shifts under the incoming U.S. administration …

European stock markets opened lower on Monday, led by declines in technology and healthcare stocks, as stronger-than-expected U.S. labor market data dampened hopes for significant Federal Reserve rate cuts this year. The pan-European STOXX 600 index dropped 0.5% by 0812 GMT, extending losses from Friday when it fell nearly 1% …

Last week was eventful, marked by a series of significant developments. These included policy directions anticipated from President-elect Donald Trump’s administration, future paths for central banks, particularly the Federal Reserve, and the impact of key US economic releases. The Eurozone has seen significant developments, particularly CPI front. Several European leaders …

The US Dollar surged to multi-year highs following the release of robust Nonfarm Payrolls (NFP) data for December. The stronger-than-expected job gains, significantly exceeding market expectations, pushed back the anticipated timeline for Federal Reserve (Fed) interest rate cuts. This, combined with persistent inflationary pressures and rising Treasury yields, fueled demand …

Federal Reserve Bank of Chicago President Austan Goolsbee stated in a CNBC interview on Friday that interest rates should decrease if economic conditions remain stable, inflation does not resurge, and full employment is maintained, according to Reuters. Goolsbee emphasized that the labor market is currently stable at full employment and …