Forex Market

The British pound has continued its upward trajectory since the start of trading on Tuesday, bolstered by a weakening US dollar, which has been further impacted by US President Donald Trump’s trade policies and recent developments in that area. Sterling/dollar rose to 1.2959, compared to the previous day’s close of …

In a whirlwind of announcements, former U.S. President Donald Trump has stirred both domestic and international attention. Within hours of declaring on his Truth Social account a plan to impose a 50% double tariff on Canadian steel and aluminum, Trump appeared to backtrack. Facing pressure from market reactions and his …

Tuesday saw no relief for the US Dollar as it continued to face significant downward pressure, with its value plunging to levels not seen since early October. The Greenback’s decline comes amid mounting concerns over tariffs and fears of a potential US economic slowdown.On Wednesday, March 12, the US Dollar …

Crude oil prices edged slightly higher on Tuesday, buoyed by a weaker dollar, but gains were restrained by persistent concerns about a U.S. economic slowdown and the impact of escalating tariffs on global trade.Brent crude futures settled 28 cents, or 0.4%, higher at $69.56 a barrel after dipping to $68.63 …

Trade Tensions Force Bank of Canada to Consider Deeper Rate CutsThe Bank of Canada is facing mounting pressure to aggressively lower its policy interest rate in response to escalating trade tensions with the United States. Economists widely anticipate the central bank will initiate a series of cuts, potentially starting with …

European stock markets ended Tuesday on a broadly steady note, largely recovering from Monday’s sell-off that had been driven by fears over the potential impact of U.S. President Donald Trump’s tariff plans on the U.S. economy. The pan-European Stoxx 600 remained mostly unchanged after hitting its lowest level in nearly …

Gold prices edged higher in Asian trading on Tuesday as the U.S. dollar weakened to a four-month low amid mounting recession fears driven by President Donald Trump’s trade policies. Investors are now cautiously awaiting the release of U.S. consumer price index (CPI) data scheduled for Wednesday, which could have a …

Gold declined at the close of trading on Monday after the recovery of the US dollar, which benefited from its place among safe-haven assets that rebounded following concerns about Trump’s tariffs on the US economy.Gold futures fell to $2,893 per ounce, compared to the previous daily close of $2,917 per …

The USD/JPY pair concluded Monday’s trading in a downward trend, influenced by a decline in U.S. Treasury yields, to which it is positively correlated in price movement in financial markets. The Japanese currency also benefited during the first trading day of the new week from increasing expectations of further interest …

The euro has continued its upward trend since the opening of Monday’s morning trading, driven by talk of fiscal reform in Germany, the Eurozone’s largest economy, amid uncertainty about the direction the single European currency might take in the coming period.This rise came in complete disregard of the European Central …