Forex Market

The EUR/GBP pair has broken multi-day range and jumped to 0.8681, hitting the highest level since May 2021; rising almost a hundred pips on Tuesday, and surging for the third day in a row. The Euro is also rising versus the Swiss franc on Tuesday. EUR/CHF climbed above 1.0420 reaching …

The US central bank will announce its monetary policy decision on Wednesday, June 15. As markets get closer to the release time, twelve major banks published their forcasts. The Federal Reserve is the world’s most powerful central bank and is expected to go off-script through hiking rate by up to …

US Treasury yields fell on Tuesday, paring part of the substantial gains made in the previous session, as investors assessed the possibility of the Federal Reserve taking a more aggressive step in its fight to bring down inflation. The annual pace of inflation in the US rose to 8.6% in …

A majority of the economists polled by Reuters revealed on Tuesday, the Swiss National Bank (SNB) is unlikely to change its negative interest rate policy this Thursday even as the country’s inflation rate remains at a 14-year high. “Twenty-four of 26 economists expect the SNB to keep its policy rate …

Data from trade sources showed that Russia became India’s second-largest supplier of oil in May, pushing Saudi Arabia to third place, with Iraq remaining its largest supplier. The data indicated that Indian refineries received in May about 819,000 barrels per day of Russian oil, the highest level so far from …

Japan’s Nikkei fell on Tuesday for the third consecutive day amid concerns about growth linked to the tightening of US monetary policy and the imposition of strict restrictions to combat the spread of COVID-19 in China. The Nikkei closed down 1.32 percent at 26,629.86 points, after falling 2.19 percent earlier …

Gold prices rose on Tuesday from a four-week low, as a halt in the dollar’s rally and US Treasury yields provided some support, but gains were limited by increasing bets that the Federal Reserve will tighten monetary policy significantly. And the price of gold in spot transactions rose 0.3 percent …

Financial markets started the week in risk-off mode and negative sentiment prevailed after the US had reported soaring inflation in May to a multi-decade high. Market participants are looking for a potential 75 bps rate hike as the US Federal Reserve meets this week.Economic Data: The economic calendar remained empty, …

Business confidence fell to its lowest level in more than year last month amid growing fears that inflation poses a long-term threat to company sales.Confidence among companies is now at levels last seen in April 2021, when coronavirus restrictions were beginning to relax. It is worth noting that the sentiment …

In the days after Russia invaded Ukraine in February 2022 and the west imposed sanctions, Russia’s ruble collapsed. The number of rubles to one US dollar quickly fell from about 78 to 138, a huge move in the world of forex, and terrifying for those with their wealth in the …