Forex Market

At 12:58 GMT, the US dollar index rose to 103.05, its highest level since January 2017. The dollar’s ​​rise comes with the euro also falling to its lowest level in 5 years, due to the difference in monetary policy between the two regions, while the market is waiting for the …

Gold prices fell on Wednesday as the dollar rose to its highest level in more than two years to pressure demand for the precious metal, which is denominated in the US currency. And gold fell in spot transactions 0.6 percent to $ 1893.70 an ounce by 0809 GMT. And US …

Japan’s Nikkei closed at its lowest level in two weeks on Wednesday, tracking Wall Street’s drop overnight, on fears of a global economic slowdown and the impact of the COVID-19 shutdown in China on domestic corporate results. The Nikkei index fell by 1.17 percent to close at 26,386.63 points, its …

Forex trade was again dominated by risk-off on Tuesday, with the safe-haven yen and US dollar’s outperforming, as US equities cratered. Investors and traders cited everything from economic and military tensions between Russia and the NATO to China lockdown risk and worsening global growth expectations in addition to the anticipated …

The USD/CAD pair is witnessing some signs of exhaustion after a bulldoze upside move from the previous week’s low at 1.2458. The asset has been scaling higher as negative market sentiment has been underpinning the safe-haven assets. While exhaustion signals at monthly highs of 1.2830 could be tagged to a …

The USD/CHF pair has rallied for the third consecutive day and reached a 21-month high at 0.9626. However, as the Asian Pacific session begins, on Tuesday, the USD/CHF print modest losses of 0.06%, down from YTD highs, and is trading in the high 0.9610s.The market mood soared on the back …

Gold price was wavering in a minor range of $1,891.56-1,911.31 since Monday after an intense selloff had continued from Friday’s high at $1,955.71. The gold price is now stabilizing currently in a concise range but price action is favoring an extreme imbalance on the downside amid the rising US dollar …

Russian state-owned gas supplier Gazprom is to halt supplies going through Bulgaria and Poland into Europe as of Wednesday 27 April, Bloomberg reported on Tuesday, citing the Bulgarian Energy Ministry. This is a remarkable and major escalation in the standoff between Moscow and European nations over energy supplies and the …

AUD/JPY hit fresh monthly lows beneath the 91.00 level on Tuesday, the pair heavily weighed amid as a steep sell-off engulfed global equity markets with investors fretting about everything from China lockdown risk, economic and military tensions with Russia amid the ongoing Russo-Ukraine war, a worsening global growth outlook and …

The GBP/USD pair has dumped on Tuesday in widespread risk-off, breaking below 1.26 the figure in a fresh bear-cycle low for 2022. A number of risk-off factors are being built into the price, from lower growth forecasts for the global economy, China’s covid spread and the contagion risks associated with …