Forex Market

U.S. service providers expanded at a record pace in October, this surge comes on the back of resilient demand and stronger business activity as the impact of the delta variant faded.The Institute for Supply Management’s services index advanced to 66.7 last month, exceeding all expectations, from 61.9 in September, data …

USD/CAD surges during the New York trading session, up 0.06%, trading at 1.2424 as portrayed by European and US equity indices fluctuating between gainers and losers, the market sentiment is subdued ahead of the Federal Reserve’s November meeting.Retreating crude oil prices, with WTI falling by almost 3.5%, impacted the oil-linked …

Prices of the barrel of the U. S. benchmark for the sweet light crude oil have remained on the defensive and approach the $81.00 mark midweek.Crude oil prices lose ground for the second successive session on Wednesday and threaten to breach the $81.00 mark per barrel following another unexpected build …

The Turkish lira consolidated its strong losses against the US dollar today, especially with the release of Turkish inflation data, which showed that inflation continues to rise significantly. The Turkish lira clearly declined, bringing the dollar lira pair to a new record level at 9.8510, and is currently trading at …

The UK services sector activity expanded more than expected in October, the final report from IHS Markit showed this Wednesday. The seasonally adjusted IHS Markit/CIPS UK Services Purchasing Managers’ Index (PMI) was revised sharply higher to 59.1 in October compared to 58.0 expected and a 58.0 previous.

Global financial markets positively closed the U. S. trading session. U. S. shares surged while currencies fluctated over risk sentiment, with the exception of the U. S. dollar, which uniqely performed. Economic DataThere was hardly any economic data impacting price movements in the US period, but the markets are awaiting …

Wall Street’s main indexes rose on Tuesday to record highs on the back of strong corporate earnings. The U. S. seasons continued to lift sentiment for equities, while investors await a critical Federal Reserve meeting.The S&P 500 and Nasdaq notched record closing highs for a fourth successive session, while the …

The U.S. Federal Reserve Bank gears up to taper its huge asset purchases as investors are scanning the market before and after signals of how effectively the central bank can tighten the U. S. monetary policy to deal with stubbornly high inflation.Fed policymakers are expected to give the green light …

Wednesday will bring decisions of the Fed’s November meeting to the financial markets, and Friday will bring Non-farm Payrolls, so financial markets rre amid some heavy drivers for the USD.It is expected that this is the rate decision at which the Fed will announce their intentions to begin tapering asset …

So many jobs depend on automaking, this is why the industry’s production problems are causing tedious pain to several businesses and organizations. The Opel factory in Eisenach, Germany, is halting production and doesn’t plan to restart until next year. Trouble in the auto industry, a powerful engine of the global …