Forex Market

Investors are re-evaluating recent Canadian inflation data, causing the Canadian dollar to weaken ahead of the Bank of Canada’s crucial interest rate decision next week. While headline inflation dipped slightly, core inflation – a more reliable indicator of underlying price pressures – remained steady, raising concerns about a potential resurgence.BoC’s …

The British Pound (GBP) surged in value during Wednesday’s trading session in New York. This jump came after the UK’s statistics office (ONS) released inflation data for June that was higher than expected. The report showed that overall inflation and inflation excluding certain items (core inflation) both went up in …

European shares opened lower for the third consecutive day on Wednesday, primarily dragged down by Dutch semiconductor firm ASML’s disappointing forecast and apprehensions over potential stricter trade rules from the United States. Key Points: STOXX 600 Declines: The pan-European STOXX 600 index experienced a 0.3% drop, with the technology sub-index …

In a surprising turn of events, UK inflation defied expectations and remained at 2.0% in June, raising doubts about the Bank of England’s (BoE) plans for an interest rate cut. Economists had predicted a slight decline to 1.9%, but the latest figures released on Wednesday revealed a stubborn persistence of …

Gold prices soared to unprecedented levels in Asian trade on Wednesday, continuing a remarkable rally fueled by growing optimism that the Federal Reserve will implement interest rate cuts as early as September. This surge reflects a significant shift in market sentiment, driven by recent economic data and dovish signals from …

Gold prices soared by more than 1.93% on Tuesday, fueled by intensifying expectations for a US interest rate cut in September. This sentiment gained momentum following the release of the latest US inflation data, which came in weaker than anticipated. The attempted assassination of former US President and Republican candidate …

The US Dollar and the majority of riskier assets were essentially steady from Monday’s closing levels, despite the indecisive price action in the Forex market on Tuesday due to persistent anticipation of a rate cuts by the Fed in September.As Tuesday’s trading day came to a finish, the positive impact …

Dr. Adriana Kugler, member of the Fed Board of Governors, pointed out on Tuesday that although inflationary pressures have undoubtedly decreased, the Fed still needs to complete some parts of the rate-cutting puzzle before it can move on rates.Key QuotesIf incoming data does not provide confidence that inflation is moving …

The US dollar has gained significant ground against the Japanese yen, even amidst fears of intervention by the Bank of Japan. During yesterday’s trading session, the USD/JPY pair reached 158.30, following an earlier low of 157.97. Tokyo data reveals that approximately 2.14 trillion Japanese yen (equivalent to 13.5 billion US …

Japanese authorities are keeping markets on high alert as they reaffirm their commitment to take necessary measures against excessive volatility in the yen. The recent sharp decline of the currency to 38-year lows has sparked speculation about potential government intervention, and recent statements by Chief Cabinet Secretary Yoshimasa Hayashi have …