Forex Market

Bank of England (BoE) Monetary Policy Committee (MPC) member and Deputy Governor for Financial Stability Sarah Breeden noted that it might finally be time for the BoE to start loosening policy rates now that UK economic data has effectively begun to crumble.Key HighlightsThere is some tentative evidence that activity is …

Philadelphia Federal Reserve President Patrick Harker reiterated his belief that the U.S. central bank will eventually lower interest rates, but emphasized the need for a cautious approach given current economic uncertainty.In a speech to the National Association of Corporate Directors New Jersey Chapter, Harker stated that while he anticipates a …

Gold prices extended their rally for a third consecutive day, surpassing $2,675, as investor concerns about rising inflation intensified. This surge in gold prices coincides with a spike in global yields, driven by anxieties that recent stimulus packages and potential tariff increases could reignite inflationary pressures. Traders are increasingly viewing …

The U.S. dollar held firm on Thursday, bolstered by hawkish Federal Reserve minutes and strong economic data that fueled expectations of a slower pace of rate cuts in 2025. Global currencies, however, faced mixed fortunes due to varying economic and policy dynamics. Key Highlights Dollar Holds Ground Amid Strong Yields …

European stock markets traded slightly lower on Thursday, as investors evaluated economic data and retail sector earnings. At 03:05 ET (08:05 GMT), Germany’s DAX slipped 0.2%, France’s CAC 40 fell 0.2%, and the UK’s FTSE 100 remained flat. Trading volumes are expected to be muted, with U.S. markets closed to …

Gold prices steadied in Asian trade on Thursday after two consecutive days of gains, supported by safe-haven demand amid uncertainty over a hawkish Federal Reserve and concerns about President-elect Donald Trump’s potential trade tariff policies. Spot gold dipped slightly by 0.1% to $2,660.36 an ounce, while February gold futures gained …

West Texas Intermediate (WTI) crude oil prices dipped below $72.50 per barrel in early Asian trading on Thursday, pressured by a strengthening US Dollar. While a firmer greenback typically weighs on dollar-denominated commodities like oil, concerns over potential supply disruptions from ongoing geopolitical tensions are likely to limit downside price …

German Chancellor Olaf Scholz disbanded his coalition government composed of the Social Democrats, Greens, and Free Democrats the day after Donald Trump was re-elected as U.S. President in November. Additionally, he accelerated the election date in Germany from September 2025 to February 23, 2025. Germany lost its government as a …

The Japanese yen is retreating against the US dollar due to the latter’s strength, driven by diverse employment data and a report indicating the possibility of the Trump administration’s tariffs being activated soon.The US dollar rose for the second consecutive day, supported by preliminary employment data that highlighted a lower-than-expected …

Gold prices climbed during the North American session, buoyed by a slightly hawkish tone in the latest Federal Reserve meeting minutes. The minutes suggested that the pace of interest rate cuts may slow down, a development that typically supports gold as a hedge against inflation.While the US Dollar Index strengthened, …