Forex Market

Japanese shares closed higher on Friday, recovering from a nearly 2 percent drop in the previous session, as investors snapped up falling stocks on hopes of corporate earnings growth. The Nikkei index ended trading up 1.27 percent at 2,6739.03, and recorded a weekly gain of 1.18 percent. The broader Topix …

The US dollar changed course on Thursday despite prevalent risk-aversion and fell across the board. Fears and concerns burnt around inflationary pressures and the probable slowdown of the global economic growth. Demand for safe havens continued, with government bonds appreciating and yields retreating.Gold neared $1,950 a troy ounce, now trading …

Gold price is forming a Bullish Flag pattern that shouts further upside. Risk-off impulse has underpinned the bright metal despite the DXY. The lack of economic catalysts this week advocated risk sentiment to dictate the gold prices.Gold price is consolidating below $1,850.00 in a minor range of $1,840.02-1,844.08 in the …

Federal Reserve’s Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, has crossed the wires with various comments, arguing that the fed may need to be more aggressive. In the face of a steadfastly hawkish Fed, the US dollar would be expected to remain firm so long as …

The USD/CAD pair slides for the third successive day and is trading back below the 1.2900 figure after two consecutive days of a busy Canadian calendar, which witnessed the release of inflationary figures showing that Consumer Prices surged. The market reacted the opposite way, sending the USD/CAD rallying above 1.2900, …

The AUD/USD pair is gaining close to 1.50% on Thursday. The market sentiment is mixed, as Asian and European bourses closed negatively, while US equities are pairing Wednesday’s losses.The AUD/USD is paring Wednesday’s losses and is sharply rallying, more than 1.40% on Thursday, despite a risk-off market mood, which would …

unwinding support: de GuindosECB Vice President Luis de Guindos said, on Thursday, that inflation pressures in the eurozone will remain high in the near term but the European Central Bank must unwind stimulus cautiously and gradually given the presence of exceptional uncertainties,.“Medium-term inflation expectations remain anchored, close to our 2% …

The EUR/USD pair’s main trend is bearish but a firm recovery above 1.0650 could point to an interim bottom as the US dollar drops further amid an improvement in market sentiment. The EUR/USD has been surging since early European session and recently printed a fresh daily high at 1.0598. It …

The GBP/USD pair is rising on Thursday, making a full recovery from Wednesday’s slide even as the stock market remains in red territory and under pressure. The pair managed to rise more than 150 pips from the daily low and recently hit 1.2512, the highest level since May 5. The …

Gold prices rebounded again on Thursday as a weaker dollar and lower US Treasury yields coupled with a drop in risky assets revived demand for the precious metal, which is considered a safe haven for value amid concerns about global growth. The price of gold in spot transactions jumped 0.8 …