Market Update

Japan’s Nikkei share average closed at its highest level in nearly three months on Friday after US stocks ended higher overnight. The Nikkei index rose 1.56 percent to close at 27,927.47 points, its highest since December 15 and its biggest daily gain since January 18. The index rose 1.73 percent …

Official data showed on Friday that annual inflation in Turkey fell slightly to 55.18 percent in February, which was less than expected, following violent earthquakes that hit the southeast of the country and killed more than 45,000 people less than a month ago. The Turkish Statistical Institute said consumer prices …

Following US economic data and rising US yields, the American currency reversed previous losses and managed to gain some strength. Even in the face of a late Wall Street rally, the dollar continued to gain ground. The 30-year yield rose beyond 4%, and the 2-year reached new multi-year highs at …

The multi-day high recorded by the USD/CHF pair has been broken, and the US dollar bulls have lost pace. The rates on US Treasury bonds support a positive tendency by rising to a new multi-day high before declining from the most recent peak.As the crucial PMI numbers is looming, the …

The next meeting by ECB’s policymakers will take place on March 16. Experts do anticipate that the central bank’s deposit rate will peak at 4% following increases of 50 basis points in both March and May and 25 basis points in both June and July.analysts have revised their predictions for …

By mid- to late-summer, according to Federal Reserve Bank of Atlanta President Raphael Bostic, the US central bank may be able to halt the current tightening cycle. Although he supports a rate increase of 25 basis points in March, he cautioned that monetary policymakers are “monitoring” incoming data that shows …

Gold price breaks out of descending parallel channel as market mood improves. US Dollar selloffs are halted by rising US Treasury bond yields. ISM Services PMI release is still awaited by investors to gain fresh impulse on the direction of the Gold Index XAU/USD. Gold price opened the year at …

Federal Reserve Bank of Boston President Susan Collins said on Thursday that more rate hikes are required to bring inflation back in control. She added that the extent of interest rate hikes will be determined by incoming data.Collins’ comments were not surprising as she reiterated previous statements by Fed policymakers …

During the holiday quarter, Macy’s reported a higher profit than was anticipated. The owner of a US department shop claimed that it is preparing for a more unpredictable year. Also, Macy’s wants to expand its luxury division and add more non-mall outlets. The business said it attracted holiday shoppers searching …

The EUR/USD pair is trading at 1.0596 at the time of writing. It is noteworthy that the pair has come under weighty pressure and now is breaching 1.0600. Extra losses look likely while below the 55-day SMA at 1.0713. the pair quickly faded the Wednesday’s uptick and returns to the …