Forex Market

Market players tried to remain optimistic about a potential diplomatic solution to the Russia-Ukraine conflict but peace talks yielded no results.The positive sentiment diluted as the day went by, with Wall Street ending the day in the red territory after a strong opening.Economic DataThe economic calendar on Monday witnessed no …

The DXY is struggling around 99.30 in the absence of any potential trigger that could bring an impulsive wave. Any Chinese aid to Russia may heighten the risk-aversion across financial market.Fed’s interest rate policy will be the mega event that investors will look upon. The US dollar index is failing …

Russia’s economy has been suffering long before the invasion of Ukraine. That suffering is now increasing but a total collapse is unlikely. It looks like Russia has built an economy that is geared for conflict.The Russian government’s involvement in the economy, and the money it continues to make from oil …

Soaring energy prices raised recession alarm bells around the world. But another economic indicator is starting to look threatening: The yield curve is flattening. Wall Street closely watches the difference, or spread, between short-term government bond yields, most notably the 2-year Treasury, and longer-term bond rates like the 10-year Treasury.As …

The euro has pared losses on Monday after the previous two days’ decline. The pair has bounced up from 1.0900 lows to post a moderate advance on the day, yet lacking follow-through to break psychological resistance at 1.1000.The higher appetite for risk has supported the euro. The common currency has …

The US dollar’s rebound from 1.2690 extends to levels near 1.2800 while the Canadian dollar loses ground as oil prices drop. Longer-term, the USD/CAD is expected to remain neutral to negative.The US dollar has bounced up against its Canadian counterpart on Monday to pare losses after the 1.3% reversal seen …

The EUR/USD pair has found support above 1.0930 and climbed back toward the daily high it hit on European hours at 1.0989, boosted by a stronger euro and a mixed US dollar.The key driver of price action continues to be the war in Ukraine. Volatility remains higher, even among currencies. …

Market players are focused on the latest on the Russia-Ukraine crisis. The US Federal Reserve is set to raise rates next Wednesday, but for how much.The Gold Index XAU/USD is trading at the lower end of its latest range and is poised to extend its slump. US traders hold on …

Palladium fell more than ten percent on Monday, snapping most of the gains that had led to record levels during the Ukraine crisis, as supply concerns eased. Gold also fell more than one percent on cautious hopes for progress in peace talks. And palladium, of which Russia is the largest …

The US dollar edged higher on Friday while other safe-haven and commodity-linked currencies declined, after Russian President Vladimir Putin said there had been some progress in talks between Moscow and Ukraine.Putin said in a meeting with his Belarusian counterpart Alexander Lukashenko that there had been “certain positive shifts” in negotiations …