Tag: Financial markets

Deutsche Bank's George Saravelos recently shared his insights on the potential impact of a Trump presidency and China tariffs on the EUR/USD parity. In a conversation with Bloomberg TV, Saravelos emphasized the repercussions of...

The first week of Keir Starmer as UK Prime Minister is being closely watched by the markets, according to FX analyst Francesco Pesole from ING. The election day did not bring any significant movements...

Eurozone Sentix Investor Confidence took a significant hit in July, dropping to -7.3 from 0.3, a far cry from the expected 0.0. This decline comes after eight consecutive increases, signaling a major setback for...

Last Friday, the price of gold went up after the US NFP report was released. The report showed that the labor market was slowing down, with the unemployment rate going up and wage growth...

The Pound Sterling is showing strength against the US Dollar as expectations for Federal Reserve rate cuts in September have increased. This positive momentum is attributed to Keir Starmer's significant win in the UK...

High risk warning: Foreign exchange trading has a high level of risk that may not be suitable for all investors. When you use leverage, you are creating additional risk and exposure to potential losses. Before...

The Japanese Yen has been gaining strength against the US Dollar due to challenges faced by the USD following weaker-than-expected US employment growth data released on Friday. This has led to speculation that the...

Thomas Jordan, the Chairman of the Swiss National Bank (SNB), recently discussed the Swiss franc and the bank's potential intervention in the foreign exchange market in an interview with Le Temps. Jordan emphasized the...

Gold prices surged to a six-week high, reaching $2,385 as traders reacted to the latest US labor market data. Although the June Nonfarm Payrolls (NFP) report exceeded expectations, downward revisions to the figures from...

The Pound Sterling has shown remarkable strength in the currency market, especially after the recent UK parliamentary elections where Keir Starmer's Labour Party secured an outright majority win. This victory has brought much-needed stability...

The GBP has remained relatively stable following the UK election results, despite the lack of significant movement. However, the recent decline in the value of the USD has allowed the GBP to emerge as...

Traders are eagerly watching the outcome of the French election, with the far-right National Rally (RN) leading the first round but facing opposition from left-wing and centrist parties in the second round. The rise...

The Federal Reserve recently released its Semi-Annual Monetary Policy Report, highlighting that while there has been some progress on inflation this year, they are still seeking greater confidence before considering rate cuts. The Fed...

The New Zealand dollar, also known as the Kiwi, has been struggling in the currency exchange market this year. Despite a slight increase against the yen and the Swiss franc due to lower interest...

The recent minutes from the June European Central Bank (ECB) meeting have revealed a disagreement among members regarding the decision to cut rates, according to ING FX analyst Francesco Pesole. The Euro is expected...

In JPMorgan’s (JPM), “Guide to the Market” presentation last Monday, July 1 ’24, Dr. David Kelly, JPMorgan’s Chief Global Strategist, started off the call with the remark that, ultimately, “all systems break down”. David...

USDCAD has been moving back and forth in a sideways range for some time now. Recently, there has been a shift towards negative momentum in the market. The price is currently approaching the lower...

The US markets were closed for a holiday, and the impact of the US Dollar Index (DXY) on Oversea-Chinese Banking Corporation Limited (OCBC) was significant. The USD fell for the second day in a...

The Pound Sterling has been on the rise lately, gaining strength against the US Dollar. This increase in value can be attributed to the weaker economic data coming out of the United States. As...

The latest data on job creation in the US private sector has shown weaker growth than expected, putting pressure on the US dollar. According to fresh ADP estimates, only 150,000 jobs were created in...

European markets experienced a risk-on movement today, following a record close of the US S&P 500 above the 5500 mark. This positive sentiment also influenced European investors, with the Eurostoxx 50 gaining 1.3%. In...

Gold prices experienced a decline of 0.28% in response to Federal Reserve Chair Jerome Powell's remarks at a European Central Bank forum. Powell, adopting a slightly dovish stance, emphasized the need for further progress...

Federal Reserve Chair Jerome Powell recently addressed the progress made on inflation and the cautious approach needed before considering cutting interest rates. During a central banking forum in Sintra, Portugal, Powell highlighted the advancements...

Eurozone inflation has been holding steady, with the CPI standing at 2.5% year on year, remaining within the range of 2.4% to 2.6% for the past five months. This lack of deceleration has been...

The Indian Rupee faced some challenges on Tuesday as it traded in the negative territory during the Asian session. This weakening can be attributed to the increased demand for the US Dollar and the...

US Treasury yields continued to rise in the forex markets on July 1, with the NASDAQ index starting strong and closing at a record level. Former Fed Governor Clarida predicted one Fed rate cut...

The Dow Jones Industrial Average (DJIA) experienced significant fluctuations on Monday as a result of key US data missing expectations. The US ISM Manufacturing Purchasing Managers Index (PMI) dropped to 48.5 in June, below...

In the first half of 2024, there has been a noticeable increase in the momentum of dedollarisation in the global financial landscape. This movement is primarily fueled by a variety of geopolitical, economic, and...

This week in the forex market, there are several key events and data releases to keep an eye on. On Monday, we have important data coming out of China, Switzerland, and the US, including...

The Cleveland Federal Reserve has reported a 0.2% monthly increase in PCE inflation. This means that prices for goods and services have gone up slightly in the past month. The median inflation rate is...

The USD/CAD pair has been on an upward trend for the fourth day in a row, reaching around 1.3710 during the European trading session on Friday. Investors are eagerly awaiting the release of the...

The Commerce Department is set to release a key economic report on Friday that could bring some positive news on inflation. The personal consumption expenditures price index, closely monitored by the Federal Reserve, is...

Federal Reserve's Bostic recently made predictions about interest rate cuts in the coming years. He mentioned that inflation is moving in the right direction and a rate cut in the fourth quarter is likely....

Gold prices have experienced a significant increase earlier this year, reaching a high of $2,450 in May 2024. However, since then, the momentum has slowed down, and prices are currently below the 50-day moving...

On July 4, Britons will be voting in a general election that could potentially end 14 years of Conservative rule. The Labour Party is currently leading in the opinion polls, with Nigel Farage's Reform...