Forex Market

European shares fell on Friday, heading for a weekly loss on fears that monetary policy tightening, inflationary pressures and an energy crisis could push the global economy into recession. The pan-European Stoxx 600 index was down 0.3 percent by 0721 GMT. Travel stocks led the declines. Among the stocks that …

Gold prices fell to a three-week low on Friday, as a stronger dollar and expectations of a US Federal Reserve interest rate hike dented the yellow metal’s allure. By 0451 GMT, spot gold fell 0.3 percent to $1,752.89 an ounce, after falling to its lowest since July 28 at $1,751.01 …

The US dollar has strengthened all along US trading hours as best performer. Market players assessed several encouraging US macroeconomic readings that suggest the economy has a good chance to avoid recession, despite technically being in.Economic DataEconomic data refers to Initial Jobless Claims declining to 250,000, below expectations, Philly Fed …

The economic outlook for Europe’s largest economy looks gloomy due to soaring energy prices and supply chain disruptions according the Finance Ministry’s August monthly report, published early Friday.Given the early Asian session’s inaction, EUR/USD fails to react to the news and was last seen around the one-month low flashed the …

The EUR/USD slides below the 1.0100 figure for the first time since July 27, as EUR sellers eye a daily close below 1.0096, which could pave the way for retesting the parity level. At the time of writing, the EUR/USD is trading at 1.0089, well below its opening price, after …

St. Louis Fed Governor, James Bullard said, on Thursday, that he is not prepared to assume that inflation surge has peaked in the United States.Markets have generally surged as investors price in a soft landing for the US economy and the end of peak inflation. But once the US dollar …

The Turkish lira fell Thursday, after a surprise interest-rate cut has been decided by the country’s central bank. Similarly; Turkey’s bonds were subject to broad selloff, and investors now react by moving price in a higher risk of sovereign default, after the country’s central bank unexpectedly had decided cut interest …

The EUR/USD pair is under pressure. The EUR/USD pair sharply dropped during the US session and is obviously facing increasing bearish pressure near a critical support at 1.0110. A break below 1.0100 would bring about parity.On Thursday, the pair touched the 1.0107 level which is, in fact, the lowest level …

Emerging market stocks and currencies fell on Thursday on the signals by Wednesday’s FOMC Minutes. The minutes obviously signaled further US interest rate hikes. MSCI’s index of emerging market stocks retreated 0.6%, set for their worst session in two weeks, while its currencies counterpart MIEM00000CUS was on course for its …

This morning’s release of the July Existing-Home Sales has showed that sales fell to a seasonally adjusted annual rate of 4.81 million units from the previous month’s 5.11 million. Expectations mentioned 4.89 million. The latest number represents a 5.9% decrease from the previous month and a 20.2% decrease YoY.The National …