Forex Market

The Gold Price remains poised to recapture $2,000, and trades around 1.0% higher on the day. Elevated inflation, recession risks and the Russia-Ukraine war continue to boost the precious metal safe-haven appeal.This week’s speech from Fed Chair Jerome Powell will keep precious metal traders on their toes. Gold prices came …

The economic calendar looks loose this week with most of the interesting data coming from the housing sector, although mortgage rates are over 5%, markets still have some generalization effort to do in order to get events to make sense.Because of the long holiday, which seems to be getting stronger …

Russian President Vladimir Putin said on Monday that “we” must switch to trading in national currencies in new conditions. Western sanctions have led to a deterioration in the economy in the West, he continued. On the Russian economy, Putin said that retail demand has normalized, inflation is stabilizing and unemployment …

Gold prices jumped about 1 percent to their highest level in more than a month on Monday, as concerns about the economic fallout from the Russia-Ukraine war and rising inflation pushed investors to the precious metal as a safe haven. And the price of gold in spot transactions reached 1993.28 …

China’s annualized GDP figures for the first quarter of 2022 arrived at % vs. 4.4% expected and 4.0% previous, with the QoQ reading coming in at 1.3% vs. 0.6% expected and 1.5% previous. With regard to Retail Sales YoY for March, the number was -3.5% vs. -1.6% expected and 6.7% …

Gold prices rose on Monday to touch their best level since mid-March after the Russian-Ukrainian crisis pushed investors to safe haven. And the price of gold in spot transactions rose 0.5 percent to $ 1984.20 an ounce its highest level since March 14. And US gold futures rose 0.8 percent …

US stock markets were closed for Good Friday and other holidays, while Asian indexes fell. US indexes finished the trading week with declines as investors worried about persistent inflation, prospects of economic slowdown. In addition to US stock markets, bond and commodities markets were also closed Friday. Economic DataFriday witnessed …

The Russian economy is poised to collapse this year after the U.S. and its European allies hit the Kremlin with a slew of crippling financial penalties over its unprovoked invasion of Ukraine. Russian manufacturing activity plunged in March, contracting at the sharpest pace since May 2020 as businesses confronted a …

The GBP/USD pair is gaining up some 0.18% in the week amidst a thin liquidity trading session. A buoyant US dollar and risk-aversion weighed on the British pound in the week. GBP/USD Price Forecast: To remain downward biased but a double bottom looms.The British pound remains defensive, trading below the …

Since the outburst of the war in East Europe, markets have massively increased their expectations for key US interest rates. This can be seen, among other things, in the rise in the yield on the 2-year US Treasury bond by around 0.9%% in just a few weeks.The basis for this …