Forex Market

There is a prevalent state of volatility across financial assets in all markets following the release of FOMC meeting minutes that has showed a substantial majority of the board see slowing hikes soon.According to the minutes, the Fed says rate peak to be higher than previously expected. There are uncertain …

NZD/USD rallied to a high of 0.6236 on Wednesday, from the 0.6123 low. The pair was getting closer to its strongest levels in nearly three months after the RBNZ decided a supersized 75 basis point rate hike to get ahead of inflation.The latest RBNZ’s rate hike has been the largest …

The Federal Reserve is expected to show how united policymakers were at their meeting earlier in November over a higher peak for interest rates than previously signaled as they calibrate their fight against decades-high inflation.At the conclusion of the Nov. 1-2 meeting of the US central bank’s policy-setting Federal Open …

US stocks were mixed on Wednesday, as investors looked ahead to FOMC minutes hoping for clues into the pace of future interest rate hikes.The Dow Jones Industrial Average fell 3 points, or 0.01%. The S&P 500 gained 0.23% and the Nasdaq Composite increased 0.51%. Shares of Nordstrom fell more than …

Gold prices are slightly lower while silver is a bit higher in subdued early US trading on Wednesday. The market looks quieter ahead of the US data point of the week, namely the FOMC minutes released at 2:00 p.m. EST. December gold was last down $2.80 at $1,737.20 and December …

Sales of new single‐family houses, in the United States, rose by 7.5% in October to a seasonally adjusted annual rate of 632,000, the data published jointly by the US Census Bureau and the Department of Housing and Urban Development showed on Wednesday.Wednesday’s reading followed September’s contraction of 11% and came …

Chancellor Olaf Scholz doubled down on his government’s promise to end Germany’s “one-sided dependence” on Russia and China for energy and trade, part of a sweeping rethink of the nation’s commercial ties triggered by the war on Ukraine. “The price of sitting on our hands would be incomparably higher,” Scholz …

European stocks hovered near three-month highs on Wednesday as a rally in commodities stocks offset a decline in Credit Suisse after issuing a profit warning, while investors awaited corporate activity data for clues to the strength of the eurozone economy. By 0805 GMT, the pan-European Stoxx 600 index was flat …

Gold moved in a limited trading range on Wednesday as investors awaited the Federal Reserve’s monetary policy meeting statement that could provide clues about further interest rate hikes. And by 0647 GMT gold prices in spot transactions fell 0.1 percent to 1737.79 dollars an ounce, while there was little change …

The US dollar plummeted on Tuesday amid the better performance of global equities which closed in the green territory on the back of positive risk appetite Wall Street posted considerable gains, adding the most in the final hours of trading. On the other hand, US Treasury yields edged lower with …