Forex Market

The EUR/USD pair loses 0.18% on Tuesday during the US trading session, meanwhile, Fed policymakers seem to set the scene for 50-bps increases as they also eye Wednesday’s CPI data.The Euro continues to be unable to recover above the 1.0600 threshold. The shared currency has remained trapped around 1.0500 for …

Governor Christopher Waller has made some comments while traders are looking for any clues additional to his ‘Reflections on Monetary Policy 2021’ speech from last week that can shed light and clarity on Fed’s path ahead for 2022. The US dollar was choppy on Tuesday, stuck below the 20-year highs …

Cleveland Fed President Loretta Mester said on Tuesday that Fed policymakers do not downplay the likelihood of a 75 basis points rate hike forever.Key Quotes“Pace we are going right now seems about right.”“Aim is to use tools to get demand in better alignment with supply.”“But I don’t want to rule …

Gold rose on Tuesday as the dollar stabilized, prompting some investors to buy the precious metal ahead of the release of US inflation data that may influence the Federal Reserve’s decision on interest rates. And gold rose in spot transactions 0.3 percent to $ 1859.05 an ounce (an ounce) by …

French President Emmanuel Macron spoke by phone with Hungarian Prime Minister Viktor Orban about completing the European Union’s proposal to ban all Russian oil imports as part of the sixth package of sanctions targeting Russia, the French presidential palace said on Tuesday. “There are contacts at all levels to ensure …

The Turkish lira fell another 0.4 percent against the dollar on Tuesday, extending its losses the previous day and returning to lows hit in late December after a series of interest rate cuts. The lira fell to 15.1620 per dollar by 0630 GMT from 15.09 at the close on Monday. …

Japan’s Nikkei fell for the second day in a row on Tuesday, but avoided bigger losses as investors started buying back shares in hopes of higher prices after US stocks rebounded Monday night. The index closed down 0.58 percent to 26,167.10 points, after trimming its losses in overnight trading, supported …

Risk aversion dominated financial markets at the beginning of the trading week. Global stocks edged lower, while government bond yields soared during European trading hours, giving up some ground ahead of Wall Street’s close.The negative market sentiment came from the usual suspects. High inflation levels, increasing coronavirus cases, and tensions …

The Gold Price Index has witnessed a minor bounce after slipping near the previous week’s low at $1,850.47. A minor receptive buying has been observed but value buying can drive the precious metal higher. The bright metal has displayed a sheer downside on Monday amid broader strength in the US …

The USD/CAD pair is ending on North America session in the green territory by 0.8% following a final thrust to the upside in the US dollar. This development has taken the Canadian dollar to its lowest level since November 2020 amid rising concerns about the global economy and fears of …