Forex Market

The USD/CAD pair has attracted significant offers at 1.2593, which seems a failed attempt to come out of the woods as the asset has remained vulnerable in the past few trading sessions.On the weekly scale, USD/CAD has been slipped below the ascending triangle formation. Usually, breaking below the ascending triangle …

The Australian dollar slumps from YTD highs around 0.7540 as market sentiment fluctuates as a result of developments concerning the Russia – Ukraine’s crisis, China’s Covid-19 outbreak, and higher inflation prompted global central banks to tighten monetary policy conditions. The AUD/USD pair is trading at 0.7492. The market mood turned …

The market mood is sour, helping the American dollar to end the day with gains against most major rivals.The initial catalyst came from the Bank of Japan. The central bank announced it would be buying an unlimited amount of 10-year JGBs at 0.25% in an attempt to defend the yield …

EUR/USD pair is back to being in the green in midday New York trade after being underwater at the start of the session when it was near to the lows of the day, 1.0944. The pair has perked up following a weakening in the US dollar and has climbed to …

Gold futures settled lower on Monday for a second straight session, with strength in the US dollar pressuring prices for the precious metal. The dollar has generally been the primary safe haven in recent weeks, but interest in gold, while perhaps somewhat subdued, is still relatively solid. Investor sentiment has …

The USD/CHF pair keeps buoyant after a positive Asian and European session, which witnessed the US dollar’s strength, pushing the pair up to the daily high around 0.9381, but of late retreated just over January 31 daily high, which sits at 0.9342. The USD/CHF is trading at 0.9353.Reflection of the …

Most Treasury yields slipped on Monday, as buyers returned to government debt following last week’s brutal selloff. Meanwhile, one part of the yield curve inverted for the first time in more than half a decade.The yield on the 10-year Treasury note TMUBMUSD10Y, 2.465% traded at 2.427%, down from 2.491% at …

A majority of Americans believe President Biden has not been “tough enough” on Russia over its invasion of Ukraine but are concerned about the US being drawn into an all-out war with Russia, according to a poll published on Monday by the Associated Press-NORC Center for Public Affairs Research.Why it …

The recipe behind the Russian ruble’s rebound was based upon limiting selling and forcing buying. This is exactly how Russia has manufactured demand for its beleaguered currency. The consequences of harsh economic sanctions against Russia are felt all over the globe. Hence, lies the importance exploring what happened so far …

The sterling begins the trading week down by 100-pips amid broad US dollar strength in the financial markets, courtesy of higher yields as market players expect a 50 bps increase to the Federal Funds Rate (FFR) by the US central bank. The market sentiment is mixed as European shares rise, …