Forex Market

The Turkish Statistical Institute data revealed on Monday that the inflation rate rose more than expected to 14.6% year on year in December, keeping pressure on the central bank to tighten monetary policy. On a monthly basis, the consumer price index rose 1.25% in December. A Reuters poll predicted that …

The UK manufacturing sector activity improved more-than-expected in the month of December, the final report from IHS Markit confirmed on Monday. The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) was revised higher to 57.5 in December versus 57.3 expected and 57.3 first readout.

The US Dollar (USD) is ending 2020 as its worst year since 2017, amid expectations that increased government stimulus and the easing policies of the United States Federal Reserve will further weaken the greenback in 2021. However, the USD is rising on Thursday supported by the decline in jobless claims. …

The US Dollar (USD) is declining across the board on Wednesday, maintaining its downward trend. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies is down by 0.33% at 89.69. The index has been moving today in a range between 89.56 and …

European stocks extended their year-end gains on Tuesday, December 29, as global growth prospects were boosted by a post-Brexit trade deal and hopes of an increase in the US stimulus package and the race among the EU countries for COVID-19 vaccine. The Euro Stoxx 600 index rose by 0.8% at …

While the House of Representatives escalated the bill in favour of a higher relief fund but rejected Trump’s bid, all this has been in the interests of risks in Asia so far, which has pushed the US dollar index down to 90.10, down 0.21%. Markets are watching the US Senate …

The AUD/USD pair surged during the Asian session and remained near the upper end of the daily range just below 0.7600. After pulling back from week highs, the pair managed to regain positivity with support from the US dollar selling as additional stimulus progressed from the US. the House of …

European stock markets opened the week on a higher note, supported by optimism after the President of the United States, Donald Trump, signed the long-awaited stimulus package. The pan-European STOXX 600 index rose by 0.68% to settle at 398.69 points. Meanwhile, the UK’s FTSE100 added 0.10% with the market reacting …

After opening today’s American session on a lower note, the US Dollar (USD) is showing some rebound signs, especially against the Japanese Yen (JPY). The USD/JPY pair is trading higher for the day by 0.42% at 103.86. Earlier, the pair touched its highest level in about two weeks at 103.90, …

The US Dollar (USD) is trading lower against major currencies on Monday, opening the week following Christmas on a negative note. The Dollar Index (DXY), which measures the greenback performance against a basket of six international currencies, is down by 0.22% at 90.12.