Forex Market

The Business Confidence Index in Australia has increased for the first time since May.The Index’s report cites following the outlining of re-opening plans in September in both NSW and Victoria, business confidence data gained +3.1% m/m to 104.6 on Monday, and +22.2% y/y. Business confidence in September 2021 was 9.2pts …

Newly elected Japanese Prime Minister Fumio Kishida said Monday he will dissolve the lower house next week in preparation for 31 October elections as he seeks a fresh mandate to deal with the coronavirus pandemic, the sagging economy and security threats from China and North Korea. Kishida was formally elected …

The Canadian dollar strengthens 0.7% against the U. S. counterpart. The Canadian currency has touched its strongest level since 7 September 1.2561 as U.S. oil price has climbed by 3% and the Canadian bond yields rise across a steeper curve. The Canadian dollar on Monday strengthened to its highest level …

Gold retreated from its highest level in more than a week on Monday, October 4, as US Treasury yields rose and the dollar compensated for some of its losses, but it remained above the technically important $1750 support level, supported by market fears of inflation. Spot gold fell 0.5% to …

Data showed Monday, October 4, that Turkey’s inflation rose slightly less than expected to 19.58% y/y in September from 19.25% in August, the highest level since March 2019, taking real yields further into losses after the central bank cut interest rates. to 18%. On a monthly basis, the Turkish Statistical …

U. S. ISM Manufacturing Employment Index is at a current level of 50.20, up from 49.00 last month and up from 49.60 one year ago. This is a change of 2.45% from last month and 1.21% from one year ago. The Institute for Supply Management (ISM) Manufacturing Index shows business …

The Japanese yen has reaped gains and versed directions on Thursday. The USD/JPY is trading currently at 111.48, down 0.41% during the day’s trading session.The yen previously experienced six successive losing sessions and dropped about 2 percent. On Wednesday, USD/JPY was above the 112 line for the first time since …

Awaiting the end of the North American trading session, the British pound has fallen again during the trading session on Wednesday, to crash 1.35.The GBP/USD pair crashes below 1.3500, down by 0.84%, and is trading at 1.3422. The pair has not been able to recover since Tuesday’s collapse of almost …

Gold prices have been served a blow by a new rebound of the U.S. dollar and by the rise of the 10-year bill yields. Gold for December delivery lost $14.60, or 0.8%, to settle at $1,722.90 per ounce, following another decline by 0.8% on Tuesday. Prices marked the lowest most …

The U. S. dollar has risen versus the Japanese yen to its biggest high since March 2020 as the Euro falls to lowest since early November.The dollar index which measures the U.S. currency against a basket of six major currencies rose for the fourth consecutive day, to 94.37 from 93.77 …