Forex Market

European stocks were little changed on Friday as investors refrained from making big bets ahead of a series of central bank meetings next week, while luxury goods stocks fell after weak business results from industry leader LVMH. And by 0815 GMT, the European Stoxx 600 was stable, as gains in …

The GBP/USD has trimmed some of Wednesday’s gains after treading above 1.2400, the US economic data bolstered the US dollar, a headwind for the Pound Sterling.Retail Sales in the UK were disappointing while Brexit negotiations improved, according to McGrath, Irish PM. The GBP/USD pair dropped as the release of US …

Markets expect core PCE inflation, which excludes volatile food and energy prices, to rise 0.3% on a monthly basis and forecast the annual rate to decline to 4.4% from 4.7% in November. If the awaited reading meets the said estimates, it would be the lowest since October 2021 but still …

The US economy expanded at an annualized rate of 2.9% in the fourth quarter, the US Bureau of Economic Analysis’ (BEA) first estimate showed on Thursday.  This reading followed the 3.2% growth recorded in the third quarter and came in slightly better than the market expectation for an expansion of …

Gold prices fell on Thursday, January 26, with the rise of the dollar, while investors await US economic data that could provide clues about whether the Federal Reserve will slow down the pace of raising interest rates. Spot gold fell 0.5% to $1936.97 an ounce, after hitting its highest level …

European stocks rose on Thursday as strong quarterly earnings from ST Microelectronics, Sabadell and Nokia allayed concerns about corporate earnings season amid signs of a recession. The pan-European Stoxx 600 index was up 0.6% by 0835 GMT, with technology and financial services shares leading the gains. STMicroelectronics jumped 8.4% after …

Gold price has taken off to renew nine-month high, up for the fourth consecutive trading day. The weaker US dollar reinforces the Gold Index’s upside while a cautious mood prevails most financial markets ahead of the key United States Gross Domestic Product.Dovish bias surrounding the Fed’s intention contrasts with the …

The Australian dollar surged to a fresh five-month high at 0.7122 against the US dollar on Wednesday, after the Australian inflation data that paved the way for additional policy tightening by the Reserve Bank of Australia. Except for the Australian dollar, risk aversion keeps high beta currencies pressured. Hence, the …

Bulls in the US dollar are hiding at a key support level.In the following few days, the Dollar is expected to encounter weekly negative mood resulting in a bullish correction with the 38.2% Fibonacci target positioned around 103.10.The Fed’s intentions and awaited US data will be crucial in determining the …

Republicans are still divided over to what extent they should adopt hardline stance on the US debt ceiling, but the significant development is that they were united on Wednesday in one remarkable thing; namely their uniform demand that the Democratic President Joe Biden should agree to negotiate on spending as …