Forex Market

On Monday, the price of gold started off as investors are eyeing a breakout to test the familiar daily resistance near USD 1815. The yellow metal is higher by some 0.3% and has travelled between a low of USD 1781.89 and a high of USD 1791.65.The start of the week …

According to the latest New York Fed survey, median one-year-ahead inflation expectations rose to 6.0% in November from 5.7% in October. Median three-year-ahead inflation expectations fell to 4.0% from 4.2%. Median uncertainty regarding future inflation outcomes rose at both the short and medium-term horizons, both teachings their highest levels since …

Next Thursday’s European Central Bank meeting is expected to be crucial as officials are set to call time on pandemic-triggered stimulus. The question now is how much support to leave in its place given the emergence of the Omicron COVID-19 variant and hot inflation data. The five questions on the …

UK stocks struggled for traction on Monday as a warning over the omicron variant weighed on THE market sentiment.The FTSE 100 index UK:UKX slipped by 0.2% to settle at 7,278, though the mining sector appeared to be getting a boost, after China’s top officials reportedly set 2022 targets that included …

The Bank of Canada announced on Monday that it had agreed with the government to leave its inflation target at the 2.0% midpoint of a 1.0%-3.0% range for the next five years, as expected. Key Quotes:“Agrees with the government that monetary policy should continue to support maximum sustainable employment while …

The Turkish lira fell to new record levels against the US dollar, to break the barrier of 14 Lira to the dollar for the first time in its history after the S&P credit rating agency changed its outlook for the Turkish economy from stable to negative. The agency, S&P, said …

Central bank decisions, Omicron developments, and US inflation data were the past week’s highlights. The Reserve Bank of Australia decided to keep the interest rate at as low as 0.10% but left the door open to expectations of a rate hike earlier than previously thought in 2022. It indicated that …

The US Dollar Index (DXY) which measures the performance of the US dollar against major currencies, has slid by 0.19%, settling at 96.04 during the New York trading session.The market sentiment was positive as the Wall Street session closed, with major US shares finishing in the green territory recording gains …

The US Dollar Index (DXY) which measures the performance of the US dollar against major currencies, has slid by 0.19%, settling at 96.04 during the New York trading session.The market sentiment was positive as the Wall Street session closed, with major US shares finishing in the green territory recording gains …

Traders await a very big week witnessing major regular monetary policymaking meetings by both the US Federal Reserve and the European Central Bank to decide the direction of their future monetary policy.Financial markets closely follow the upcoming outcomes of those two meetings, as they can turn out to be real …