Forex Market

A positive market sentiment hurt safe-haven currencies on Thursday, but the U. S. dollar versus the Japanese Yen reaped gains and recovered Wednesday’s losses.USD/JPY began on the right foot in the Asian session; advanced 0.01% and was trading at 113.70 during the day. On Thursday, financial markets witnessed appetite towards …

Sterling investors get nervous as Brussels has been urged draw up tough retaliatory measures in case the UK carries out its threat to suspend trading arrangements for Northern Ireland Protocol contained in the Brexit deal.Representatives of five member states met European Commission vice-president Maros Sefcovic, this week, to demand contingency …

Gold rose to the highest in a month as investors sought haven amid stubbornly high inflation and the looming reduction in stimulus.Real interest rates fell and that supported gold. There is a rising perception in the market that inflation could stay elevated for longer.The U.S. consumer price index data paves …

GBP/USD has retreated from the daily high around 1.3733, and advanced by 0.20% during the New York session, trading at 1.3688.The British pound could not hold to the 1.3700 level, broke the latter in a counter-trend move, which in 4-hours witnessed a 60 pip drop.Market sentiment has driven trading decisions …

Despite a broadly shared view that the U.S. labor market has healed enough to allow the Federal Reserve to start tapering as soon as next month, policymakers remain divided over inflation and what they should do about it.The U.S. government reported on Thursday that producer prices rose 8.6% in the …

The CRB commodity index hit an all-time high, PPI Thursday was at the highest in at least 10 years and yet yields are falling.Investors still digest a lighter-than-expected September producer inflation reading. The yield on the benchmark 10-year Treasury note gave up 3 basis points, falling to 1.519% at 2:35 …

Citigroup and other major U.S. banks said customer spending has eclipsed pre-pandemic levels.U.S. stocks jumped Thursday, bolstered by better-than-expected earnings and economic data that helped ease investor concerns about inflationary pressures and a slowdown in growth.Wall Street is booming, or at least parts of it are. Merger mania and stock …

The inflationary uptrend in the United States is still dominating according to the Producer Price Index. The PPI surged 8.6 percent in September from the same period a year ago. That’s the biggest jump on records dating back to 2010.Producer prices rose only 0.5 percent in September. That was lower …

Consumers worldwide are starting to feel the pinch from the surge in costs coursing through the global economy.The rebound as coronavirus restrictions are eased has exposed supply chain shortages, with firms scrambling for workers, ships and even fuel for factories, threatening the crawling economic recovery.Shortages of warehouse workers, truckers and …

Energy prices have recorded multi-year highs, Capital Economics highlights the commodities most sensitive to these price fluctuations.The commodities that are likely to be most affected by the looming energy crisis are the industrial metals, agriculture, and the precious metals sector, Capital Economics commodities economist Edward Gardner said in a report.Historically, …