Forex Market

The GBP/USD slides for the third time in the week, looking forward to ending the week in the red, down 0.67%, trading at 1.3696 during the New York session.Worse than expected, heavy-tech US Q3 corporate earnings on Thursday and concerns about inflation and tight monetary policy dampened market sentiment, weakening …

Consumer confidence in the US weakened modestly in October with the University of Michigan’s Consumer Sentiment Index declining to 71.7 in October’s final reading from 72.8 in September. This print came in slightly better than the flash estimate and the market expectation of 71.4.Other details have indicated that the Current …

Gold prices fell, with the rise of the dollar, while investors are looking for more clues from an upcoming meeting of the Federal Reserve’s monetary policy committee (the US Central Bank) to reduce economic stimulus as inflation expectations rise. Spot gold fell 0.4% to 1791.81 per ounce. US gold futures …

Corporate earnings released Thursday impacted the financial markets which closed the U. S. session’s transactions with significant shift of the assets. Traders are eying the fluctuations caused by U. S. inflation reports and economic data, statements by the European Central Bank Christine Lagarde as well as developments in the negotiations …

The Bank of England has told banks and insurance companies that it will impose its powers to crack down on them if they default to manage climate risks.The central bank begins to review a potential introduction of capital requirements linked to unsustainable assets.The Bank said on Thursday it would take …

“Monetary policy has largely run its easing course globally,” said Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr during early Friday morning in Asia. “We are now entering a different environment for rates, inflation”, added Orr. NZD/USD remains on the front-foot, backed by the broad US dollar weakness, despite …

The NZD/USD pair has advanced as the New York session end. It has leaped up 0.43%, trading at 0.7198. Market sentiment is positive, portrayed by U. S. equity indices finishing in the green zone, with gains between 0.68% and 1.15%. The US Dollar Index, which tracks the USD’s performance against …

U.S. economic growth decelerated in the third quarter of 2021, as consumer spending slowed amid a resurgence in new COVID-19 cases and as government assistance payments decreased.Gross domestic product has grown at a 2% annual rate during the three months through September, the weakest of the recovery, according to an …

The Bureau of Economic Analysis reported Thursday that the U. S. economy grew at an annualized rate of only 2% in the third quarter.The highly infectious Delta variant of the coronavirus, supply chain chaos, worker shortages, sluggish jobs numbers and higher prices weighed on economic activity.It was far lower than …

The Bank of Japan decided at its monetary policy meeting held today, by a majority vote, to fix negative interest rates at -0.1% on current accounts held by financial institutions with the bank in the short term. The bank also decided to control long-term interest rates, by purchasing the required …