Market Update

The Fed’s preferred inflation gauge, the Core Personal Consumption Expenditure (PCE), will be released by the US Bureau of Economic Analysis (BEA) on Friday, June 30 and as markets get closer to the release time, here are the forecasts of economists and researchers of seven major banks.Core PCE is expected …

German inflation rose more-than-expected in June, snapping an extended decline since the start of the year. Preliminary data from the Federal Statistics Office on Thursday showed consumer prices, which are harmonized to make it easier to compare them with other countries in the European Union, rose 6.8 percent year-on-year in …

Japan and South Korea agreed on Thursday to revive a $10 billion currency swap pact, building on an improvement in two-way ties to bolster a regional financial safety net amid heightened geopolitical risks. The swap agreement was first agreed in 2001 as a tool to help the two countries combat …

The dollar hovered near its highest level in seven months against the yen, after the statements of the heads of the US and Japanese central banks confirmed the significant difference in the path of monetary policy for each of them, during a conference hosted by the European Central Bank last …

European stocks rose on Thursday, supported by the rise of the Swedish clothing stock, H&M, after the company achieved stronger-than-expected profits, but statements related to tightening monetary policy from a number of senior central bank officials curbed risk appetite. And by 0704 GMT, the European Stoxx 600 index rose 0.1 …

Gold prices remained near their lowest levels in nearly four months on Thursday after Federal Reserve Chairman Jerome Powell left the door open to raising interest rates again with the aim of curbing inflation. Spot gold rose 0.25 percent to $1,912.19 an ounce by 0123 GMT. On Wednesday, the precious …

Jerome Powell, Chairman of the Federal Reserve System (Fed), and Christine Lagarde, President of the European Central Bank (ECB), are presenting at the ECB Forum on Central Banking in 2023. Along with Powell and Lagarde, Bank of England Governor (BoE) Andrew Bailey and Bank of Japan Governor (BoJ) Kazuo Ueda …

FTX exchange reignites hope for creditors, with FTT token jumping in tandem. FTX Token (FTT) is up 15%, so, the good news is that FTX token (FTT), the native digital currency of the bankrupt FTX Derivatives Exchange, has recorded very impressive daily growth today. The FTT token soared by 15% …

The dollar index retreated on Tuesday after a host of economic data releases indicated the U.S. economy remains resilient and may not be close to a recession, while the euro strengthened after comments from European Central Bank (ECB) President Christine Lagarde.The greenback retreated further after data showed new orders for …

The AUD/USD pair declines from weekly highs amidst strong US economic performance. Upcoming Australian CPI data and Fed Chair Powell’s speech are awaited by AUD/USD traders.Investors bet on softened CPI, weighing the AUD further. The AUD/USD pair is still in positive territory but retreats from weekly highs of 0.6720, falls …