Market Update

The EUR/USD encountered rejection from the 1.0900 psychological barrier for the second day in a row. On Friday, the pair fell to the 1.08657 territory after US data boosted the expected 25 bps rate hike by the Fed next week. At the time of writing, the EUR/USD is trading at …

US equities advanced on Friday, marking the end of trading week that was full of key economic data as well as earnings results signaling weakening demand but also economic flexibility with only a few days apart from Fed’s policy decision next week.All three major US stock indexes ended Friday’s US …

Joe Biden’s most important decision for this year has already been made. Biden and his top advisers indicated that they will reject demands from the new Republican majority in the House of Representatives to link increasing the debt ceiling with cutting federal spending. Instead, Biden is insisting that Congress pass …

Even while US inflation is still twice what the Fed wants it to be, it is steadily weakening. Ahead of the Fed and BoE’s monetary policy decisions next week, the GBP/USD pair is moving sideways.The possibility of minor rate hike by the US Federal Reserve increased as a result of …

Next week will witness policy meetings by the US Fed, BoE, and the ECB. Investors and traders anticipate rate hikes of 50 basis points as a hint that the Fed will keep rising rates. A 50 bp rate hike for the following week is all but guaranteed, according to analysts …

The USD/CAD pair picks up some momentum and retests the 1.3330 mark. The pair is trading at 1.3053 at the time of writing post the announcement of the US headline, Core PCE which drifted lower in December.US Consumer Sentiment comes next on the economic calendar. The USD/CAD now is attempting …

Gold prices fell on Friday, as markets viewed strong US economic data as an impetus for the Federal Reserve to keep interest rates high for a longer period, but caution before inflation data and the Monetary Policy Committee meeting next week limited gold’s decline. Spot gold fell 0.2% to $1,926.09 …

On Friday, the Japanese Nikkei index recorded its biggest weekly jump in more than two months, with the index recouping all its losses since the Bank of Japan’s sudden adjustment to one of its policies last month, but caution about local earnings limited gains. The Nikkei index rose 0.07 percent …

European stocks were little changed on Friday as investors refrained from making big bets ahead of a series of central bank meetings next week, while luxury goods stocks fell after weak business results from industry leader LVMH. And by 0815 GMT, the European Stoxx 600 was stable, as gains in …

The dollar fell against the Japanese yen on Friday, as traders bet that the Bank of Japan’s monetary policy tightening is still imminent. The dollar also fell to approaching a nine-month low against the euro, amid expectations in the market that the European Central Bank will announce next week an …