Market Update

Japanese Yen Weakens Amidst BOJ Comments, Other Asian Currencies Remain Stable On Tuesday, most Asian currencies saw minimal movement while the dollar stabilized as markets awaited crucial U.S. inflation data, which could offer indications of the Federal Reserve’s stance on interest rates. Japanese Yen Retreats After BOJ Comments The Japanese …

The BTC/USD pair has risen past $72,000, setting a new record, but this is a long way from the top that some analysts of the biggest cryptocurrency in the world had predicted. By year’s end, Standard Chartered believes bitcoin will hit $100,000, while research company Fundstrat has set a target …

In the commodity market, WTI crude oil prices maintained their consolidative stance in the commodities market, circling the pivotal 200-day SMA and attempting to break through the $78.00 region. At $77.77 per barrel, US crude oil was last observed up 0.53%. Tuesday’s weekly update on US crude oil stocks as …

The Canadian dollar is trading on the thin side as investors await key inflation figures. Canada has a light economic calendar this week, with Canadian dollar slightly higher on Monday but stuck on the US dollar. The USD/CAD pair is trading at 1.3482 at the time of writing. The Canadian …

The EUR/USD pair slightly benefited from the US dollar’s sell-off but to a lesser degree than other assets including the Pound Sterling, and the Japanese yen. The pair remains in the same range that has been in play for the past 15 months, and price has made a fast move …

The US Bureau of Labour Statistics will release the most important inflation measure, the US Consumer Price Index figures, on Tuesday, March 12. As markets get closer to the release time, here are the forecasts by the economists and researchers of 10 major banks regarding the upcoming United States inflation …

The US dollar began to recover from a sharp decline that has been accompanying it since the opening of weekly trading on Monday, continuing to be affected by the employment data released on Friday to shed light on a deterioration in labour market conditions that would have favoured speculation of …

Gold price clings to all-time highs and awaits US Inflation data for further action. The US CPI data will indicate whether the Fed gets confident that price stability is ensured. The US NFP report keeps hopes of a Fed rate cut in June alive.Gold price (XAU/USD) rally hit a pause …

Focus on Key Economic Indicators Shapes Market Sentiment U.S. stock index futures edged lower on Monday as market participants eagerly awaited crucial inflation data scheduled for release this week, which could offer insights into the Federal Reserve’s monetary policy trajectory following the mixed jobs report from last week. Mixed Economic …

Bitcoin Hits New Record High, Dollar Remains Under Pressure The yen continued its ascent on Monday, buoyed by an upward revision in Japan’s growth figures, which fueled speculation that interest rates could see an increase this month. Meanwhile, bitcoin soared to a new record high above $71,600, adding to the …