Forex Market

European stock markets posted modest gains on Monday as investors anticipated U.S. President-elect Donald Trump’s second-term inauguration later in the day, while keeping an eye on global developments like the World Economic Forum in Davos. Market Overview DAX (Germany): +0.1% CAC 40 (France): +0.3% FTSE 100 (UK): +0.1% With U.S. …

The dollar steadied on Friday, but was on track to end the week lower after a six-week winning streak, while investors turned their focus to Donald Trump’s presidential inauguration and awaited the incoming administration’s policies. Earlier during the North American session, the US Dollar was easing in the last trading …

On Friday, Chancellor Olaf Scholz presented his vision to rejuvenate Germany’s struggling economy during a campaign event at Volkswagen’s historic home base, which has been hit hard by the ongoing crisis. In front of a crowd of supporters, Scholz defended his government’s economic record, which has been battered by an …

The US Federal Reserve is expected to hold interest rates steady on January 29 and resume cutting in March, according to a slim majority of economists polled by Reuters. The survey, taken before President-elect Donald Trump’s inauguration, suggests lingering inflation pressures may allow the Fed to cut rates once more. …

The EUR/USD pair experienced a setback on Friday, losing ground amidst renewed resistance at the 20-day Simple Moving Average (SMA). While the pair managed to avoid a significant sell-off, attempts to break decisively above this key technical level were met with resistance, suggesting a lack of strong bullish momentum.   …

The U.S. dollar steadied on Friday but was set to break its six-week winning streak as investors reassessed the Federal Reserve’s monetary policy path and looked ahead to the inauguration of President-elect Donald Trump next week. Dollar Dips on Fed Rate Cut Expectations The dollar index, which measures the greenback …

China’s economy delivered stronger-than-expected growth in the fourth quarter of 2024, as a series of robust stimulus measures from Beijing began to yield results. Gross domestic product (GDP) expanded by 5.4% year-on-year in the three months ending December, surpassing market expectations of 5% and sharply accelerating from 4.6% growth in …

European shares advanced on Friday, bolstered by broad-based gains across sectors as government bond yields continued to decline. The pan-European STOXX 600 rose 0.4% by 0815 GMT, positioning the index for a fourth consecutive weekly gain, with a weekly jump exceeding 1.5%. Key Sector Performances The construction and materials sector …

The Canadian Dollar weakened against the US Dollar on Thursday, extending its recent consolidation phase. A lack of significant economic data releases from Canada left the Loonie vulnerable to market shifts.USD/CAD traded near multi-year highs, hovering around the 1.4400 level. While US Retail Sales and Initial Jobless Claims showed some …

Gold prices surged above the $2,700 mark on Thursday and is trading even above this level, at $2,714 at the timee of writing. This bold price action is certainly fueled by a weaker US Dollar and declining US Treasury yields. This rally comes amidst mixed economic data from the United …