Forex Market

European Central Bank President Christine Lagarde repeated that policymakers will not rush to remove stimulus in the Eurozone as she sought to highlight the limits of their powers at a time of volatile prices. ECB President Christine Lagarde delivered, Monday, an introductory statement at European Parliament within the framework of …

The safest haven asset of all, gold, has remained steady during the beginning of the week, despite a stronger US dollar across major currencies. The Golf Index, however, has retreated from daily tops around $1,871 as geopolitical tensions appear to ease in the conflict between Russia and Ukraine. XAU/USD is …

The USD/JPY pair has rebounded from the 1.1500 level during the US trading session on Monday, having failed on multiple occasions since last Friday to break below the key level. The pair is now trading close to highs of the day in the 115.60s, up about 0.2% and is eyeing …

The GBP/USD snaps two days of gains and begins the week on the wrong foot amid increasing geopolitical tensions in eastern Europe. At the time of writing, the GBP/USD is trading at 1.3528.The market sentiment is downbeat, depicted by European bourses falling, while US futures point to a lower open. …

US equity markets opened this week’s trade mixed, with the S&P 500 down 0.3%, the Nasdaq 100 up 0.3% and the Dow down 0.4%. The S&P 500 CBOE volatility index remained elevated near the 30.0 level, up about 2.0 points on the day, with equity index futures trade prior to …

Gold prices fell on Monday, with the rise of the US dollar, but fears of conflict between Russia and Ukraine limited losses for the metal, which is considered a safe haven and kept palladium investors in a state of anxiety. The price of gold in spot transactions fell 0.2 percent …

Tensions between Ukraine and Russia escalated all along the five trading days. This was sending markets into a flux with the usual risk assets and currencies responding in a mixed manner. There was news that a Russian attack on Ukraine could begin any day and would likely start with air …

The US Treasury yields have been declining since the beginning of the daily trading on Friday, after consumer confidence data and their negative impact on the future of the US economy and economic recovery.Economic DataAccording to the University of Michigan’s preliminary February Consumer survey, the Consumer Sentiment Index fell to …

During the North American session, the USD/JPY nose-dives as the Ukraine – Russia conflict escalates, on reports that Russia would attack Ukraine in the following week. The USD/JPY pair is now trading at 115.19.On the news headlines, the USD/JPY collapsed from 115.80 towards a daily low at 115.00, where the …

Federal Reserve officials are in no rush to raise interest rates prior to their scheduled policy meeting next month, nor is a half percentage-point move in March yet likely, despite a bigger-than-expected jump in consumer prices that stoked speculation about such options.Mere hours after yesterday’s CPI showed a bigger-than-expected inflation …