Forex Market

The AUD/USD cratered into the low-0.6900s on Monday, down over 1.5% on the day and over 4.0% lower in four days. The pair is being battered by risk-off flows as markets price a more hawkish Fed and potential recession. China lockdown fears are also hurting the pair, with bears eyeing …

Friday’s US hot inflation reading triggered a flight to safe-haven currencies like the greenback, and precious metals fell.The 2s-10s US Treasury yield curve inverted during the day as a recessionary scenario looms. The CME FedWatch Tool shows that the odds of a 75 bps increase in the June meeting lie …

Gold price is down $27 to $1843, a 1.5% drop. This slump comes after last week’s rise of more than $30 following the CPI report. Today, the market is waiting for the Fed announcement this week. If they decide to deliver higher than a 50 bps rate hike, which would …

The Bank of England will raise interest rates in June by only 25 basis points and continue in the same lane in future meetings despite soaring inflation, a Reuters poll of economists found. The recent poll showed that “all but one of 56 economists expected the BoE to deliver a …

The price of gold fell on Monday, after rising to its highest level in a month earlier in the session after strong inflation data in the United States lifted Treasury yields and reduced the attractiveness of safe-haven gold. And the price of gold in spot transactions fell 0.4 percent to …

Japan’s Nikkei index posted its biggest decline in more than four months on Monday, ending the session at a two-week low after a bigger-than-expected rise in US inflation in May sent Wall Street sharply lower at the weekend. The Nikkei index fell 3.01 percent to close at 26,987.44 points, the …

The dollar rose to a nearly four-week high against a basket of currencies on Friday, after data showed US consumer prices accelerated in May, suggesting the Federal Reserve may have to keep raising interest rates until September to combat inflation. In the 12 months to May, the US consumer price …

The US Dollar Index, a measure of the dollar’s value, is advancing 0.84%, sitting at 104.177, while the US 10-year benchmark note rises 21 basis points and is up at 3.154%.As investors expect an aggressive US Fed, USD/CHF rallies 0.80% post US hot inflation. Elevated US Treasury yields lifted the …

The Consumer Price Index published on Friday by the Bureau of Labor Statistics hiked by 8.6% from a year ago, up from April’s reading of 8.3% and higher than economists had projected.Federal Reserve policymakers tasked with bringing prices back down could likely to take clues from May’s CPI report on …

gold prices are soaring on Friday despite higher US yields and a stronger dollar. The Gold Index XAU/USD rebounded again at the $1830 but this time it broke $1850 and a few minutes later reach $1870, and even $1874 at the time of writing.Following the US May CPI report, XAU/USD …