Forex Market

Japan has got a long history of interventions to stop the yen from falling. Efforts to stop the yen’s sharp falls through unilateral market intervention could only have a limited impact according to a senior member of the country’s ruling party as data showed the Yen’s latest drop is blowing …

The EUR/USD pair is seesawing around parity after mixed ECB official signals. The positive US Retail Sales confirms the case of the Fed’s going for a 75 bps interest hike.ECB official Mario Centeno expressed that the central bank should take “as small steps as possible.” The EUR/USD is positive in …

The EUR/USD continues to move sideways around the parity level ahead of next week’s FOMC meeting. The risks on the EUR/USD are tilted to the downside and they warn it could drop to 0.95.The insecurely position of growth in the Eurozone in the coming months may mean that higher short-term …

Gold and silver prices were lower in early U.S. trading Thursday, with gold falling to a seven-week low hitting $1667 per ounce versus Wednesday’s closing price at $1696.79. The soaring US dollar index along with rising Treasury yields and some hotter US inflation data, have all combined to keep gold …

On Thursday, the dollar settled near recent highs, buoyed by expectations that the Federal Reserve will continue to tighten monetary policy aggressively in its effort to rein in inflation, while the yen faltered after a sharp rally on Wednesday. The dollar rose 0.28 percent against the yen at 143.58, after …

European shares rose on Thursday, supported by bank shares, after markets showed signs of recovering from a sharp sell-off caused by bets on a major interest rate hike worldwide. The pan-European Stoxx 600 index rose 0.3 percent by 0711 GMT, after falling for two consecutive days. And US inflation data …

The US dollar that fell to the 109.257 low, but did not stay down for long on Wednesday, the Dollar Index rallied back to test the 109.70s in New York. Technically, the index is on course for the 109.90s again ahead of what is expected to be a hawkish Fed’s …

Gold price has retreated but eventually was able to stabilize ahead of the looming FOMC’s rate hike and Ukraine peace talks Gold held steady as traders have worries concerning the monetary tightening path by the US central bank after economic data, including Tuesday’s CPI and Wednesday’s PPI, pointed to elevated …

The US dollar rallied on Tuesday against the yen, euro and other currencies following stronger-than-expected US inflation data that rocked US stocks, bolstered US yields and sent the greenback towards last week’s two-decade peak of 110.79. The price made a high of 110.01 before bears cleaned up across the counterparts …

The AUD/USD stopped the bleeding and jumped off weekly lows at around the 0.6700 figure after the US Producer Price Index report for August eased some of Tuesday’s CPI worries, which sent most risk assets to the red territory, while the US dollar rose above the 110.00 thresholds, on renewed …