Forex Market

The Reserve Bank of New Zealand’s governor, Adrian Orr, stated that the unsustainable level of house prices has imposed monetary, financial stability challenges on the country’s economy.House prices and housing affordability are affected by both supply and demand. Prices have become more unsustainable since November 2020. Domestic banks are working …

Oil prices settled higher on Monday as expectations of solid winter demand and a belief that a key producer group will not change the current production pace fast helped reverse initial losses caused by the release of fuel reserves by No. 1 world energy consumer China.Brent crude futures settled up …

Commodities are rising again, with copper, aluminum, crude oil, natural gas and wood reaping significant gains compared to pre-pandemic levels.Supply disruptions and a global push toward sustainability may be driving the commodity boom, even as fiscal stimulus and low rate policies also impact the overall economic scene.The U.S. government and …

The yellow precious metal price is barely moving although the short term market situation is not in favour of gold.On Monday, the troy ounce cost $1,788. Gold has been rather volatile recently and definitely shows an inverse correlation to the USD.Gold price will fluctuate pretty much this week in anticipation …

U.S. Treasury yields rose on Monday morning, starting the first trading day of November on a positive note, as investors look ahead to the two-day Federal Reserve meeting later this week. The yield on the benchmark 10-year Treasury note climbed by 4 basis points to 1.593% at 11:30. The yield …

Turkey’s trade deficit narrowed 39% year-on-year to $1.46 billion in October, the Turkish Ministry of Trade said. For his part, Minister of Commerce Mehmet Muş said that the ratio of exports to imports in the country reached 93.4 percent last month and that Turkey will reach a trade surplus soon. …

Gold prices stabilized Monday, November 1 as pressure from the US dollar continued, while investors cautiously awaited the US Federal Reserve meeting after data showed another spike in inflation. The dollar settled near a more than two-week high hit on Friday, making gold less attractive to buyers of other currencies. …

Wall Street The US stock market hit another round of record highs on Friday, as Wall Street appears to have overcome disappointing results from major companies to conclude its best month of the year. The S&P 500 rose 0.19% to close at 4,605.38, the Dow Jones Industrial Average rose 0.25% …

Fresh attacks and partisan row are ahead for U. S. economy  as Republicans lawmakers and strategists are capitalizing on news that the economy expanded at a weak pace in Q3 to criticize Biden and Democrats, accusing them of unskilled recovery tactics from the pandemic recession. The U. S. Dollar Index …

The U. S. Dollar Index rallies 0.86% during the New York session, is at 94.10, short of the 94.30 fresh weekly high. U. S. T-bond yields are falling, with the 10-year benchmark note down two basis points, at 1.545%.The market sentiment is mixed, depicted by European stock indices, splitting between …