Forex Market

US equities finished the last trading session of the week with heavy losses, between 1.05% and 2.47%. Positive US jobs report further cemented the case for a US Federal Reserve rate hike of 50 bps in the June meeting, despite worries that the US central bank could cause a recession.Economic …

On the week’s last trading day, the USD/CHF pair jumps from weekly lows erasing Thursday’s losses, the pair also gains 0.56% as the New York session gets closer to its end. The USD/CHF is trading at 0.9626, reflecting a downbeat mood and a strong US Dollar, underpinned by high US …

The USD/CAD pair is set to finish the week with losses of 1.09%, despite Friday’s recovery. Market sentiment remains negative as fears of a US recession accelerate.On the US front, the Federal Reserve officials begin their blackout period. However, investors’ eyes would be on the inflation report alongside the UoM …

The GBP/USD pair prepares to finish the week with losses of almost 1% amid risk-off market mood and robust US employment data. The GBP/USD pair is seen struggling at 1.2600 and slides sharply below the 1.2500 figure after upbeat US economic data boosted the greenback, while UK traders remain on …

The AUD/USD is ready to finish the week positive, up by 0.90%. The chance of a US Federal Reserve 0.50% rate hike in September lies at 80%. The Australian dollar slumps during the last day of the week but it obstinately remains above the 0.7200 threshold as AUD/USD sellers mount …

The US dollar strengthens on Friday amid risk aversion and higher US yields. Positive employment report partially offset by a weaker reading of ISM Service PMI. The EUR/USD pair failed to recover the 1.0750 territory and pulled back during Friday’s American treding session toward the 1.0700 level. The pair is …

The employment report released on Friday indicated a gain in payrolls of 390K, above the 325K of market consensus. According to analysts at Wells Fargo, the report “lands in a sweet spot for the Fed”. Analysts point out that while the labour market remains clearly tight and is adding to …

Gold prices immediately retreated after the latest official US labour market data, which revealed 390K jobs were added in May, more than the expected 325K. Markets witness a hawkish reaction to the data, with US Treasury yields and the US dollar rising. The yield on the US 10-year note was …

Data on Friday showed that the annual inflation rate in Turkey jumped to its highest level in 24 years, recording 73.5 percent in May, driven by the repercussions of the war in Ukraine, high energy prices, and the decline of the lira, albeit less than economists’ expectations. Inflation has been …

Gold prices hit a one-month high on Friday with the dollar’s decline, which put the precious metal on track to record its third consecutive weekly increase. By 0214 GMT, spot gold rose 0.2 percent to $1,871.28 an ounce, its highest level since May 9. Gold prices are up about 1 …