Forex Market

Benefitted from the Reserve Bank of New Zealand (RBNZ) 25 bps rate hike and its hawkish move forward guidance, the AUD/USD climbs to fresh monthly highs, around 0.7280. A sudden swing in the market mood due to elevated tensions in Ukraine decreased appetite for risk-sensitive currencies like the AUD. At …

The governor of the Bank of England has called on firms and businesses to show restraint when raising their prices, after he came under heavy criticism for saying employees should not demand big pay rises to help manage inflation.Andrew Bailey said that he recognized his call for workers to show …

Gold has been on the front foot in recent trading hours, pushing towards $1910 and eyeing weekly highs just above it. Following US warnings to Ukraine that a Russian invasion could come within 48 hours, market anxiety is elevated.The Gold Index (XAU/USD) has been rallying from earlier session lows in …

Bank of England policymaker Silvana Tenreyro said on Wednesday that she saw a point for higher interest rates to tackle inflation near a 30-year high, but the extent of tightening needed was uncertain.Financial markets currently price in BoE interest rates reaching nearly 2% by the end of this year, but …

European Central Bank governing council member and Bank of Spain head Pablo Hernandez De Cos said on Wednesday that the surge in Eurozone inflation is lasting longer than expected and is largely a result of energy. There are inflation risks to the upside and are most in the short-term, he …

Data released on Wednesday showed Eurozone’s Inflation came in at 5.1% in January, on a yearly basis, according to Eurostat. Core figures rose by 2.3%, matching the 2.3% consensus forecasts. Analysts at Danske Bank revise their 2022 forecast for HICP (inflation) and core inflation to 4.7% and 2.4%, respectively, due …

According to US intelligence sources speaking to Newsweek, the US has informed Ukraine of a Russian plan to invade with 48 hours. An intelligence official said that the US had informed Ukrainian President Volodymyr Zelenskyy that the Russian plan would involve air strikes, cruise missiles, ground troops and cyberattacks.The US …

Gold fell on Wednesday as risk-related assets rose, as investors in the precious metal awaited more developments in the Ukraine crisis while preparing for major central banks to raise interest rates soon. By 1035 GMT, spot gold fell 0.2 percent to $1,894.82 an ounce, retreating from a nearly nine-month high …

Eurozone’s Inflation came in at 5.1% in January, on a yearly basis, according to Eurostat’s final reading of the Eurozone CPI report for the month. The reading was in line with the estimates of 5.1% and 5.1% previous. Core figures rose by 2.3%, matching the 2.3% consensus forecasts. When compared …

The Prime Minister of Japan, Kishida Fumio, announced the imposition of sanctions against Russia against the backdrop of Russia’s recognition of the independence of the Donetsk and Luhansk People’s Republics from Ukraine. Japan’s sanctions stipulate banning exports from the republics of Donetsk and Luhansk, freezing the assets of their officials, …