Forex Market

In a rare public dissent, Chicago Federal Reserve President Austan Goolsbee has made it clear he’s not comfortable with the pace at which the U.S. central bank is cutting interest rates. While most policymakers supported the latest reduction, Goolsbee argued that the Fed should have waited for more convincing evidence …

U.S. stock futures were mixed on Friday, as the market tried to balance two opposing forces: a supportive Fed backdrop that’s improving liquidity and risk appetite, versus renewed skepticism about AI-related valuations and payoff timelines, which is weighing on mega-cap and semiconductor-linked sentiment. At 06:05 ET (11:05 GMT): Dow futures …

The U.S. dollar traded flat on Friday, but remained on track for a third straight weekly decline after the Federal Reserve’s latest rate cut pushed U.S. borrowing costs to near three-year lows. At 04:00 ET (09:00 GMT), the Dollar Index held near 97.995, yet was still pacing a ~0.7% weekly …

Gold prices edged lower in Asian trading on Friday, pausing after a sharp week-long rally fueled by a more dovish-than-expected Federal Reserve and broad strength across precious and industrial metals. Despite the mild pullback, gold and most major metals remained on track for solid weekly gains, supported by a weaker …

The U.K. economy unexpectedly remained in contraction in October, extending a weak run of monthly activity as businesses and households paused decisions ahead of Chancellor Rachel Reeves’ Autumn budget. Gross domestic product fell 0.1% month-on-month in October, matching September’s decline and missing forecasts for a modest 0.1% increase, according to …

The US dollar slipped to its lowest level in nearly six weeks on Thursday, following the Federal Reserve’s widely anticipated decision to cut interest rates by 25 basis points. Markets had already priced in more than a 95% chance of the move, yet its ripple effects were clearly felt across …

Gold prices remained steady on Thursday, regaining some of the losses seen earlier in the week as the US Dollar weakened. Investors are carefully assessing the economic landscape and the Federal Reserve’s recent actions, weighing the potential for future gains against ongoing uncertainties. At the same time, gold continues to …

The euro extended its gains against the US dollar on Thursday, climbing to 1.17521 USD, up 0.49% (+0.00575) from the previous session. This marks the strongest level for the euro against the dollar in more than nine weeks, reflecting growing confidence in the European currency as the dollar comes under …

The US Dollar slid against the Japanese Yen on Thursday as fresh labor-market figures pointed to a cooling US economy, adding pressure on the currency while speculation about possible policy tightening in Japan grew stronger.The latest jobless data showed a marked rise in new unemployment claims, signaling that the US …

U.S. initial jobless claims climbed more than expected last week, breaking from the prior week’s sharp drop to a three-year low and offering a slightly softer signal on labor market momentum ahead of the next Federal Reserve decision window. First-time applications for state unemployment benefits rose to 236,000 in the …