Forex Market

Gold eased on Monday, resuming a broad decline from the previous week, as the dollar has firmed and risk sentiment recovered with markets weighing how severe the economic impact would be from the Omicron coronavirus variant.Spot gold fell 0.4% to $1,784.41 per ounce by 11:17 a.m. ET (1617 GMT) after …

Pending Home Sales in the US jumped by 7.5% on a monthly basis in October following September’s 2.3% drop, data published by the US National Association of Realtors showed on Monday. That saw the Pending Home Sales index jump to 125.2 in October from 116.5 in September. On a YoY …

Gold prices rose on Monday after concerns about the impact of the potentially vaccine-resistant Omicron strain of coronavirus boosted gold’s safe-haven appeal. Spot gold rose 0.1 percent to $1,793.72 an ounce. US gold futures rose 0.4 percent to settle at $1,793.2. Actual demand for gold in major Asian hubs increased …

The Turkish lira fell more than 4% against the dollar in weak and volatile trading Monday, November 29, approaching record lows hit last week when President Recep Tayyip Erdogan insisted he was sticking to his policy of cutting interest rates despite widespread criticism. The lira fell until its value reached …

Financial markets were calm last week due to the Thanksgiving holiday in the United States, and investors were cautious due to the emergence of the new Coronavirus mutant in South Africa and the Uk. Gold During the past week, the safe haven fell due to the growing strength of the …

The US session did not witness the release of any remarkable economic data, rather it has been dominated by concerns of probable lockdowns in Europe, the emerging new virus strain.On Friday, oil prices recorded their largest one-day drop since April 2020 by falling about $10 a barrel, as a new …

The British pound recovers from earlier losses during today’s trading despite risk-of-market sentiment clouding the financial markets due to discovering a new COVID-19 variant in South Africa. The GBP/USD pair is trading at 1.3341, up some 0.14%.In the overnight session, market sentiment fell as South Africa announced the discovery of …

The EUR/GBP pair spiked towards 0.8500 on Friday as markets are being quacked by the latest Covid-19 variant developments.The pair benefitted from a moderation of global central bank rate hikes. EUR/GBP saw sharp upside on the final trading day of the week, surging from close to the 0.8400 level to …

On Friday, US Treasury yields experienced sharpest drop since the pandemic began as investors rushed toward safe haven assets following the emergence of a new coronavirus variant in South Africa.The two-year Treasury yield, which typically moves in step with interest rate expectations, was down 14.2 basis points at 0.502, the …

European Central Bank Vice President Luis de Guindos said on Friday that the new Covid-19 variant is worrying.“We have to be patient even if markets are volatile, my personal opinion that policy will remain accommodative”, de Guindos added.On the PEPP, he said, it will end in its expected size at …