Forex Market

Gold Price gave up Monday’s gains as the market’s sentiment improved and US 10-year Treasury yields renew three-year high amid aggressive US Fed officials. Gold Price trades near a daily low of $1,910.64, pressured by the upbeat tone of Wall Street, regardless of a solid reason for such optimism. Inflation-related …

The USD/CAD grinds higher after five days in the red territory. Fed’s Chair Powell approves 50 bps rate hikes and could happen not just once. The USD/CAD The USD/CAD snaps five days of consecutive losses amid a risk-on market mood. At the same time, oil prices ease from around $115.00, …

The Australian dollar hit a five-month high of $0.7443 before settling around $0.744 on Tuesday, as investors price the chances of the Reserve Bank of Australia catching up with the Federal Reserve’s tightening. Previous hawkish comments by Federal Reserve Chairman Jerome Powell put pressure on the Australian dollar, with Powell …

The dollar rose on Tuesday after US Federal Reserve Chairman Jerome Powell raised the possibility of a 50 basis point rate hike, while the yen slipped below 120 yen to the dollar after the Bank of Japan reiterated its support for loose monetary policy. The euro was also pressured, falling …

Gold prices stabilized on Tuesday as US bond yields rose to multi-year highs following the Federal Reserve’s decisive stance on inflation while escalating conflict between Russia and Ukraine boosted demand for the safe-haven metal. And the price of gold settled in spot transactions at the level of $ 1936.03 an …

The USD started the American session on the back foot but gradually strengthened following hawkish comments by US Fed Chair Jerome Powell. Speaking about the economic outlook at the National Association for Business Economics Annual Economic Policy Conference, Powell said that if they need to raise fed funds rate by …

The GBP/JPY pair advanced above 157.00 on Monday despite a somewhat risk-off market feel and is eyeing annual highs near 158.00.The pair was lifted by a surge in UK yields in tandem with their global peers. With dovish vibes expected from BoE’s Bailey later this week and fragile risk appetite, …

Egypt’s move to allow a weaker pound is winning praise from money managers including Goldman Sachs Group Inc. who say it will arrest foreign-capital outflows and boost the nation’s chances of winning the next International Monetary Fund loan. The Egyptian pound tumbled as much as 14% to 18.2323 per dollar …

Gold has advanced on Monday despite the US dollar and yields rising in wake of hawkish Powell commentary. The Gold Index is in the $1940 zone; eyeing recent highs around $1950 as inflation and geopolitical concerns linger.Gold has mostly been trading on the front-foot during US trading hours, despite the …

Treasuries slumped, sending the two-, five- and 10-year yields to the highest levels since May 2019, as policy makers in the US and Europe cranked up expectations for higher borrowing costs in the face of mounting inflationary pressures.Another round of selling arrived in the early afternoon in New York after …