Forex Market

The Turkish lira rose about 0.6% against the US dollar on Monday, ahead of a meeting between the presidents of the United States and Turkey hoping to ease tensions in diplomatic relations. The lira settled at 8.34 per dollar as European markets opened, after closing at 8.4010 on Friday. The …

The Euro (EUR) declined against the U.S. Dollar (USD) on Friday, losing multiple support levels as the greenback rose across the board. The European currency’s losses come after the European Central Bank (ECB) decided to maintain the current interest rates and committed to the current pace of asset purchases, with …

The U.S. Dollar (USD) rose on Friday against major peers to its highest level in a week, supported by positive data and rising bond yields. The benchmark U.S. Treasury bond yield is showing rebounding signs, following strong drops. Meanwhile, data showed an improvement in the U.S. consumer sentiment this month, …

The Euro (EUR) registered marginal losses against the U.S. Dollar (USD) on Thursday, erasing most of its gains on Wednesday. The EUR/USD pair declined by about 0.02% to reach the 1.2177 level, following a series of fluctuations due to various factors affecting the market. On one hand, the European Central …

The British Pound (GBP) declined against the U.S. Dollar (USD) on Thursday, after data showed a surge in the inflation rate in the United States. The GBP/USD pair maintained its downward trend for the third consecutive day, failing by about 0.17% to 1.4094. The Sterling rose earlier in the session …

For the second day in a row, the Turkish lira is trying to rise against the US dollar, after Turkey announced the discovery of a natural gas field. Natural gas discoveries raise the Turkish lira because they contribute to creating a balance in the balance of payments and reduce imports. …

The European Central Bank is expected to leave its PEPP unchanged at a total of EUR1.85 trillion. The ECB releases its decision at 11:45 GMT while ECB President Christine Lagarde begins her press conference at 12:30 GMT. Danske Bank “The ECB meeting will focus on the financing conditions, PEPP implementation …

The European Central Bank will announce its decision at 11:45 GMT, and if it does not cut back on purchases, the Euro may fall. The press conference begins at 12:30 GMT, on the other hand, the US will release CPI data and unsurprising inflation numbers may lead to a rebound …

According to the economists surveyed by Bloomberg, the European Central Bank (ECB) is expected to maintain the current pace of the bond-buying programme while upgrading the outlook for growth and inflation.

The British Pound (GBP) rose against the U.S. Dollar (USD) and managed to finish Wednesday’s trading higher on the back of a the latter’s decline. The GBP/USD finished at 1.4173, higher for the day by about 0.11%, after closing on Tuesday at 1.4157. Markets are anticipating the release of May’s …