Forex Market

The sterling is sharply advancing up some 0.57%, rallying during the New York session, trading at 1.3344. The market sentiment is positive, as shown by European and US stock indices, trading in the green territory. Investors’ assessment of the Omicron variant slightly dented the market mood before Wall Street opened. …

The EUR/USD pair is extending on earlier session gains and has now persuasively cleared its earlier weekly highs around 1.1304 and is pressing on into the 1.1320s. Despite a broadly subdued tone to trade in other asset categories, like shares and bonds, currency markets have adopted a somewhat more risk-on …

According to the US Bureau of Economic Analysis (BEA)’s final GDP estimate, the US economy grew at an annualized QoQ pace of 2.3% in Q3 2021, above the prior estimate for a growth rate of 2.1%. to be updated …

The US Dollar Index fell by 0.04%, sitting at 96.48 during the New York session. The market sentiment is positive, with major US shares rising between 1.60% and 2.80%. US President Joe Biden has said those not fully vaccinated have good reason to be concerned about omicron. All Americans have …

The pandemic remained a major force influencing growth in the US economy in 2021. But as vaccinations picked up and stay-at-home orders began to be lifted, the economy took considerable steps to recove throughout the year.Despite being behind pre-pandemic levels on many major metrics, on other metrics, and notably on …

Data released on Tuesday showed Retail Sales rose in Canada 1.6% in October, above expectations. According to analysts at the National Bank of Canada, the rebound at car dealers helps lift retail sales further above pre-crisis level. Analysts also see October’s retail sales report heralding a strong end of the …

UK Prime Minister Boris Johnson is set to make an announcement on whether or not England will go into a circuit breaker lockdown or not within the next 48 hours, according to The Sun newspaper. The UK government has so far resisted imposing new restrictions ahead of the holidays even …

The Euro seemed to take a hit in wake of the day and EUR/USD fell to session lows. The Eurozone Consumer Confidence index fell to -8.3 in December from -6.8 in November according to the flash estimate released by the European Commission on Tuesday. That was below expectations for a …

The Turkish lira jumped from very low levels, which it started trading yesterday, but quickly rebounded after Turkish President Recep Tayyip Erdogan introduced measures to protect savings in the local currency from such fluctuations. Under Erdogan’s plan, his government promised to guarantee deposits in lira, sending the currency up by …

Gold prices remained in a narrow range during trading today, Tuesday, as the weak dollar faced a slight improvement in risk sentiment, while the high incidence of infection due to the Coronavirus “Omicron” remains a source of concern for investors. Spot gold rose 0.1% to $1,791.73 an ounce, while US …