Forex Market

Gold prices hovered near two-month highs on Tuesday, supported by weaker dollar and US Treasury yields, as investors awaited US inflation data in an attempt to speculate on the Federal Reserve’s next move on interest rates. The price of gold did not witness little change in transactions, and it recorded …

Oil prices fell, in trading today, Tuesday, after two consecutive sessions of gains supported by the American infrastructure bill, Chinese exports, the global recovery after the pandemic, and the raising of expectations for fuel demand. Brent crude was down 10 cents at $83.33 a barrel, after rising 0.8% on Monday, …

Weaker USD profile prevailed all through the U. S. trading session on Monday. The GBP/USD pair has jumped to 1.3530-35 by weaker USD and EUR/USD was another pair that similarly benefited from the same reason, while Treasury yields continued surging and Gold touched fresh highs. Inflation is still impacting monetary …

Banks largely eased credit standards for businesses, commercial real estate investors and households in Q3, as the U.S. economy weathered the latest wave of the coronavirus pandemic, a Federal Reserve survey reported on Monday.The Fed’s Senior Loan Officer Survey, offering evidence of continued economic momentum, said banks “generally reported having …

The Federal Reserve Bank warned on Monday that stresses in the Chinese real estate sector posed risk to the US financial system, pointing out that the impact of the heavily indebted property companies like Evergrande could be a potential source of worldwide contagion.“Given the size of China’s economy and financial …

AUD/USD holds onto Monday’s gains past 0.7400, edging higher around 0.7420 during the early Tuesday morning in Asia. The risk weatherglass pair recovered from the monthly low on Friday amid mixed concerns while a sluggish start to the week and the downbeat US dollar helped the AUD pair post the …

EUR/USD advances to begin the trading week on the right stance, up 0.18%, trading at 1.1587 during the day, as positive market sentiment as witnessed by rising US stock indices prevails the financial markets. In the Forex market, risk-sensitive currencies rise, with the NZD, the GBP, and the AUD, as …

`Crude oil prices have been uneven during recent trading but continue to trade with a positive bias on the day.Front-month futures contracts for the U. S. WTI, currently trades close to $82.00/barrel, having swung between the $81.30-$82.60 at various points throughout the U. S. session. WTI currently trades with on-the-day …

The Bank of England’s governor, Andrew Bailey, has stated in recent trade that the U. K. will have to act with rates if there is evidence of higher inflation expectations impacting workers’ wages.Key comments by BoE’s Bailey:Much of rise in inflation has to do with reopening after lockdowns.What we are …

The Bank of England will not politicize how it supervises foreign clearing houses with confronting responses to whatever the European Union decides, a senior BoE official said on Monday.Christina Segal-Knowles, the BoE’s executive director for financial market infrastructure, pointed out in a public consultation paper how the central bank will …