Forex Market

On Thursday, Fed speakers kept singing the same battle rhyme. Loretta Mester said the US central bank has more work to do to tame inflation and she has not seen the evidence needed to convince her that the policymakers can slow the pace of interest rate hikes as investors expect …

The EUR/JPY pair fell on Thursday, for the second straight day due to market sentiment that is turning sour, as portrayed by Wall Street’s performance as the stocks market is expected to finish the US session with losses.The US Fed policymakers remain committed to crushing inflation. At the time of …

US Treasury yields continue to rise, boosted by the latest interest rate hike expectations. Treasury yields rose to 3.799% from the previous daily close at 3.575%.A report issued Thursday by the Economist’s Research and Analysis Unit said that the institution “expects further rate hikes by the Fed in November and …

The USD/CAD pair climbs above 1.3700 as traders eye a break of 1.3800 as they focus on Friday’s NFPs. The Bank of Canada’s Governor Macklem said, “further interest rate increases are warranted,” reiterating the BoC’s hawkish stance. The USD/CAD climbs sharply during the US session, as Fed officials remained focused …

Bank of Canada Governor Tiff Macklem said on Thursday that further rate hikes will be needed since there is more work to be done on inflation. The USD/CAD pair’s performance ignored these comments and was last seen rising 0.8% on the day at 1.3725 and is trading at the time …

The Bank of England’s Monetary Policy Committee has the tools and the resolve to return inflation to target in the medium term according to statements and remarks by policymaker Jonathan Haskel on Thursday.These remarks did nothing to help the British pound find demand and the GBP/USD pair was last seen …

On Thursday, the dollar extended the rally that began on Wednesday, as investors awaited the US jobs and inflation data, looking for indications that may mean reducing the intensity of the interest rate hike and reducing the rise of the US currency. The euro fell 0.27 percent to $0.9859, after …

Nonfarm Payrolls in the US are expected to appear above “normal” once again. That would affirm that the US employment situation remains “hot”, and that the Fed can focus on getting inflation down. According to the latest BLS report, there were over 10.1M job openings, but just 6.0M people were …

European shares rebounded on Thursday after falling in the previous session. Investors awaited more economic data and the European Central Bank’s September meeting minutes to indicate the pace and path of interest rate hikes. The Stoxx 600 index was up 0.6 percent by 0710 GMT, tracking Wall Street. Until the …

The US dollar ended the trading session with mixed performance after a brief surge on Wednesday. Risk-off flows returned amid tensions between Europe and Russia, as well as claims that North Korean-Japan tensions have been renewed, although the sentiment improved during US trading hours as the United States released positive …