Forex Market

Mary Daly, President of the Federal Reserve Bank of San Francisco, emphasized the uncertainty surrounding further interest rate cuts in 2025. While acknowledging the positive state of the US economy, citing solid GDP growth and a strong labor market, Daly highlighted the significant uncertainties that persist. She noted that while …

The EUR/USD exchange rate has recently weakened, approaching the 1.0450 level, pressured by a confluence of interwoven factors. A key driver is the strengthening US dollar, bolstered by the Federal Reserve’s unwavering commitment to a restrictive monetary policy. Comments from Fed officials suggest no immediate policy adjustments are anticipated, reinforcing …

European markets saw modest gains on Tuesday, as investors closely monitored ongoing geopolitical developments. As of 03:08 ET (08:08 GMT), Germany’s DAX rose by 0.1%, the FTSE 100 in the U.K. increased by 0.2%, and France’s CAC 40 edged up by 0.1%. U.S.-Russia Talks Sideline European Involvement Geopolitical tensions remained …

Dollar Drifts as Markets Await Data and Central Bank SignalsThe US Dollar Index (DXY) remained subdued, fluctuating around multi-week lows below 107.00 amidst a quiet FX market. This week’s economic calendar includes the NAHB Housing Market Index, NY Empire State Manufacturing Index, and TIC Flows. Speeches from Fed officials Waller, …

The US dollar is stuck in a holding pattern around 106.00, awaiting a clear catalyst. Geopolitical events, particularly the Ukraine-Russia peace talks, are being closely watched for their impact on market sentiment. Mixed economic signals are adding to the uncertainty. Weak retail sales have fueled expectations of rate cuts in …

The USD/JPY currency pair experienced a significant drop on Monday, falling to around 151.40 as the Japanese Yen staged a powerful resurgence. The Yen’s impressive performance was fueled by surprisingly robust fourth-quarter GDP data from Japan, which revealed a 0.7% expansion (or 2.8% annualized). This figure handily surpassed economists’ forecasts …

ECB Governing Council member Robert Holzmann has highlighted the growing complexity of the central bank’s interest rate decision. While acknowledging increasing risks of undershooting the ECB’s 2% inflation target, he emphasized that current inflation figures present a mixed picture, making policy adjustments challenging.Holzmann stated that the risk of undershooting the …

Bond Market Update: German 30-year bond yields: +8 basis points to 2.76% France and UK bond yields: Also increasing, following a similar trend to Germany. This decline in longer-dated European government bonds comes amid speculation about increased security spending in Europe, potentially following a high-level meeting in Paris between EU …

European aerospace and defence stocks surged on Monday as political leaders across the region called for an emergency summit on the Ukraine war, following growing U.S. pressure to boost military spending. Stock Market Performance (as of 08:20 GMT): Rheinmetall (Germany): +8.3% Saab AB (Sweden): +7.1% BAE Systems (UK): +6.5% Leonardo …

Gold prices remained firm on Monday, hovering just below record highs, as uncertainty over U.S. trade policies and interest rates kept safe-haven demand intact. Key Price Movements (as of 00:35 ET / 05:35 GMT): Spot gold ↑ 0.6% to $2,901.21 per ounce Gold futures (April) ↑ 0.3% to $2,910.70 per …