Forex Market

The US Federal Reserve officials on Wednesday are expected to set plans to begin accelerating the withdrawal of the massive bond-buying program, enacted in early 2020 to help the economy and financial markets cushion the impact of the coronavirus pandemic, as they seek to remove the crutches from the US …

The Senate passed legislation Tuesday to raise the nation’s debt limit by $2.5 trillion, one of the final steps Congress needs to take to stave off default and the economic peril that would come if the U.S. were unable to pay its bills. The bill, approved in a 50-49 vote, …

The US dollar is up against most of its rival currencies, rising during US trading hours on the back of higher yields and weaker stocks.The US published November PPI, which jumped to a record of 9.6% YoY, much higher than the previous reading that was at 8.6%, while the core …

Gold prices are under pressure on Tuesday following US data and the upcoming Federal Reserve’s decision. The yellow metal broke below the $1780 support and tumbled to $1766, reaching the lowest level since December 3.From the bottom, XAU/USD rebounded to as highs at $1777 and as of writing it is …

The more speculative assets have dropped ahead a host central bank meetings, as markets began to consider a world of tighter monetary policy.Bitcoin was not an exception, falling below USD 47,000, more than 30% off its all-time high reached just last month. Bitcoin tumbled 3.77 per cent, while Ethereum was …

The USD/CAD pair has advanced for the fifth successive day. The pair is trading now at 1.2831 during the New York session, as the Federal Reserve begins its last two-day monetary policy meeting of 2021. Financial markets mood is risk-off or perhaps cautious as investors await if the Fed would …

The Turkish lira pared its decline slightly after falling by 4% on Tuesday, December 14, after a day in which it plunged to record lows on concerns about President Recep Tayyip Erdogan’s new economic policy and the prospects of another interest rate cut this week. The lira touched 14.4 against …

The Senate will vote Tuesday on legislation lifting the government’s debt ceiling to stave off the risk of a default to avoid shutdown according to Majority Leader Chuck Schumer, without mentioning how much the increase will be.Senate passage, which requires only a simple majority, would send the debt limit measure …

US Treasury yields slid at the close of Monday’s trading, impacted by investors and traders’ anticipation concerning the upcoming decisions by the Federal Reserve Bank.The said anticipation caused risk appetite to retreat across global financial markets. The 10-year US Treasury yield fell to 1.414% from last week’s close of 1.415, …

The Senate will vote Tuesday on legislation lifting the government’s debt ceiling to stave off the risk of a default to avoid shutdown according to Majority Leader Chuck Schumer, without mentioning how much the increase will be.Senate passage, which requires only a simple majority, would send the debt limit measure …