Forex Market

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 …

Fed Chair Jerome Powell remarked in a speech on Monday that he doesn’t see an elevated likelihood of a recession in the next year, reported Reuters. Additional Remarks: “It’s hard to say what the economy will look like in wake of recent events, but no one is sitting around waiting …

Federal Reserve Chair Jerome H. Powell said on Monday that there is an obvious need to move expeditiously to a more neutral level and even more restrictive levels if needed to restore price stability.The risk is rising that there could be an extended period of high inflation that could push …

ECB Governing Council member and Bundesbank President Joachim Nagel said on Monday that the ECB should raise interest rates if the price outlook so requires, if bond-buying ends in Q3 as now planned, rates could rise this year.Nagel said the risks of tightening policy too late have increased and any …