Forex Market

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 …

The People’s Bank of China (PBOC) announced on Friday that it will cut the reserve requirement ratio (RRR) for all banks by 25 basis points (bps) effective from April 25.The PBOC further noted that it will cut RRR by an additional 25 bps for some smaller banks and noted that …

The US dollar holds firmly up, giving up some of its recent gains ahead of the close as speculative interest booked some profits ahead of the Good Friday holiday.Economic Data The US Commerce Department on Thursday said that retail sales rose a seasonally adjusted 0.5% in March from a month …

Cleveland Fed President and FOMC member Loretta Mester said on Thursday that the Fed aims to reduce policy accommodation at the pace necessary to control inflation whilst also sustaining economic activity.Mester added that the Fed aims to bring demand into better balance with supply, whilst also sustaining the health of …