Forex Market

Geopolitically; EU ministers cannot reach an agreement on new sanctions against Russia as ECB’s Lagarde and Fed’s Powell get ready to deliver their speeches on Tuesday, meanwhile the EUR/USD pair holds modest gains above 1.0400, corrective advance could extend to 1.0470.The EUR/USD pair ended Monday achieving modest gains in the …

The GBP/USD is higher by 0.17% in midday US trading session, pulling away from the consolidation between 1.2150 and 1.2250 after travelling from a low of 1.2216 to a high of 1.2296 so far on the day. Global growth concerns have been the main focus at the start of the …

Treasury yields were little changed to lower Monday morning as weak factory data in the US and an unexpectedly big drop in retail sales in China reinforced concerns about a global slowdown.Weak data from China also underscored worries about a demand slowdown, sending oil futures lower in the New York …

Earlier this month Fed Chair Jerome Powell announced a half-percentage-piont increase in interest rates, the largest hike in over two decades. Powell also indicated that he wouldn’t hesitate to do it again — a move straight out of the central bank’s 1994 playbook, when the Fed last tempered the US …

The NZD/USD pair has climbed to 0.6295 during the American session touching its highest level since Thursday. The pair is surging as the USD dollar’s strength takes a pause and amid lower US Treasury yields.The Dow Jones Index has fallen by 0.27% but still holds to most of Friday’s rally. …

BoE Governor Andrew Bailey on Monday said that food prices are a major worry for the UK and developing world, reported Reuters. Speaking alongside Bailey at a House of Commons Treasury Committee, BoE’s Michael Saunders said that inflation would still be well above the bank’s target this year even if …

Russia’s average production of oil and gas condensate increased by about 1.7 percent on a monthly basis to 1.4 million tons per day (10.25 million barrels per day) in the first half of May, Interfax news agency reported, citing a source. It also said that Russian oil exports – excluding …

On Monday, gold prices fell more than one percent to their lowest levels since late January, as the dollar’s strength continued to affect demand for the yellow metal, which is denominated in the US currency. And gold fell in spot transactions 0.8 percent to $ 1797.82 an ounce (an ounce) …

The US inflation data dominated the markets in the week ending May 13th. The safe-haven assets ended the trading in a bearish direction led by gold as a result of the rise in the US dollar. Wall Street ended trading higher on Friday, ending a week of wild market volatility, …

On Friday, financial markets witnessed some kind of improvement in risk sentiment and a correction of the US dollar. The euro is still headed toward the lowest weekly close since December 2002.Economic Data Risk sentiment is the key market mover on Friday. Economic data from the US showed a larger-than-expected …