Forex Market

Gold has been declining since the opening of daily trading on Monday, pressured by the rise of the US dollar, which benefited from the decline in expectations of a 50-basis-point Federal Reserve interest rate cut, which led to a decline in fears that the US currency is close to exiting …

The Euro continued its downward spiral, hitting a new ten-week low on Monday. The currency depreciated by 0.25% against the US Dollar, breaching the 200-day Exponential Moving Average (EMA). This decline reflects the overall strengthening of the US Dollar and the weakening Euro.Investors are eagerly awaiting the release of the …

The European Central Bank is poised to make another interest rate cut this Thursday, just a few weeks after the last one. However, there are some compelling reasons why this move might be too risky.First, core inflation has been declining in part due to indirect effects of falling energy prices. …

The U.S. dollar hovered close to recent highs on Monday as investors reacted to underwhelming weekend stimulus announcements from China, while the euro continued its decline ahead of a key European Central Bank (ECB) meeting this week. The euro fell 0.1% to $1.092850, marking its 11th drop in 12 sessions …

In an interview conducted by Alarabiya Television, Mohamed Hashad, Head of Research and Development at Noor Capital and a member of the American Association of Technical Analysts, commented and analyzed the performance of the U.S. labour market, inflation, and the potential future moves of the Federal Reserve. Are Markets Focusing …

European stock markets opened the week on a cautious note Monday, as investors processed discussions of potential Chinese fiscal stimulus while awaiting the European Central Bank’s upcoming rate-setting meeting. As of 03:10 ET (07:10 GMT), Germany’s DAX index edged 0.3% higher, while France’s CAC 40 and the U.K.’s FTSE 100 …

Gold prices steadied in Asian trade on Monday as traders awaited more cues on U.S. interest rates from upcoming Federal Reserve speakers this week, while expectations of a November rate cut remained in focus. In the industrial metals market, copper prices dipped due to underwhelming signals on fiscal stimulus from …

Global financial markets closed the week ending on Friday, October 11, with risk assets advancing over safe haven assets after US inflation data that highlighted a decline in price growth that would weigh heavily on interest rate cuts in the coming period. Markets are also awaiting developments in monetary policy …

The second week of October trading began with optimism in North American equity markets despite increased Middle East tensions, ongoing war in Ukraine, a stronger than expected American economy, and weaker than expected numbers from China. China: The National Development & Reform Commission (NDRC), China’s state planner, stated that the …

The USD/JPY pair is currently trading within a narrow range of 148.00 to 149.50, indicating a period of consolidation. While there is a slight upward bias, the pair has not yet broken out of this range. From a technical perspective, the momentum is currently bullish, but the Relative Strength Index …