EUR/USD ⬇️ GBP/USD ⬇️ AUD/USD ⬇️ USD/CAD ⬆️ XAU ⬇️ WTI ⬆️ The 2022 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) have world leaders in economy sharing their remarks to global economic trends and their responses. While both Federal Reserve (the Fed) Chairman Jerome Powell and European Central Bank (ECB) President...
Today's forex news: EUR/USD ⬇️ GBP/USD ⬇️ AUD/USD ⬆️ USD/CAD ⬆️ XAU ⬆️ WTI ⬆️ Yesterday (12 April), the US Bureau of Labor Statistics announced its Consumer Price Index (CPI) related data, which was a mixed bag of indicators. After excluding food and energy products, the month-on-month (MoM) and year-on-year (YoY) CPI were 0.3% and 6.5% respectively, which were...
EUR/USD ⬇️ GBP/USD ⬇️ AUD/USD ⬇️ USD/CAD ⬆️ XAU ⬆️ WTI ⬇️ Despite a brief rally, major currencies like the Euro and British Pound returned their gains against the US dollar. EUR/USD reached a daily high at 1.0933, before slumping to 1.0883. As the first round of French Presidential concluded with a minor lead for the current French leader March, further...
Today's forex news: Federal Open Market Committee minutes extends US dollar rally EUR/USD ⬇️ GBP/USD ➡️ AUD/USD ⬇️ USD/CAD ⬆️ XAU ⬇️ WTI ⬇️ As the Federal Open Market Committee (FOMC) has released its March meeting minutes, it confirmed market’s expectation for further interest rate hikes and plans to reduce its balance sheet. The US dollar railled and many...
Today's forex news: US to shrink balance sheet, strengthens the US dollar EUR/USD ⬇️ GBP/USD ⬇️ AUD/USD ⬇️ USD/CAD ⬆️ XAU ⬇️ WTI ⬇️ As the Federal Reserve (The Fed) Governor Brainard said yesterday (5 April) the US has to continue its effort to slow down inflation and shrink its balance sheet, the US dollar has strengthened against other major currencies,...
EUR/USD ⬇️ USD/JPY ⬆️ GBP/USD ⬇️ USD/CAD ⬆️ AUD/USD ⬆️ NZD/USD ⬇️ XAU ⬇️ WTI ⬇️ The euro fell as investors fretted about rising economic tensions between the EU and Russia following Russian President Vladimir Putin's reiteration of a demand that European nations pay for Russian gas in roubles, exacerbating fears that Russia could stymie energy exports to the...
EUR/USD ⬆️ USD/JPY ⬆️ USD/CHF ⬇️ USD/CAD ⬆️ AUD/USD ⬇️ NZD/USD ⬇️ GBP/USD ⬆️ XAU ⬇️ WTI ⬇️ The dominant story in the foreign exchange markets has been the US dollar's persistent drop, as the DXY plummeted another 0.6 percent to the 97.80s, where it is now testing mid-March lows more than 1.5 percent below weekly highs. Wednesday's US data releases (ADP...
EUR/USD ⬆️ GBP/USD ⬆️ AUD/USD ⬆️ USD/CAD ⬇️ USD/JPY ⬇️ XAU ⬆️ WTI ⬆️ The dollar fell along with other safe-haven assets as renewed prospects for a diplomatic resolution to the Russia-Ukraine conflict gained traction. Risk appetite increased following reports indicating a de-escalation of Russian attacks near Kyiv and Chernihiv, as Russia's mediator Vladimir...
Today's Forex News: Global upheaval boosts the dollar EUR/USD ⬆️ GBP/USD ⬆️ AUD/USD ⬇️ USD/CAD ⬆️ USD/JPY ⬇️ XAU ⬇️ WTI ⬇️ The market tone remained gloomy, which helped the US dollar close the day with gains against the majority of its key rivals. The Bank of Japan provided the first impetus. The central bank said that it would purchase an unlimited quantity of...
Today's Forex News: Expect optimism to fade EUR/USD ⬆️ GBP/USD ⬆️ AUD/USD ⬆️ USD/CAD ⬇️ USD/JPY ⬆️ XAU ⬆️ WTI ⬇️ USD/JPY reached a new multi-year high of 122.40.The US dollar finished mostly lower today. The EUR/USD pair continues to struggle with the 1.1000 level, failing to extend advances above it. The GBP/USD exchange rate has stabilized around 1.3180,...
Today's forex news: More upheaval to come EUR/USD ⬇️ GBP/USD ⬇️ AUD/USD ⬇️ USD/CAD ⬇️ USD/JPY ⬇️ USD/CHF ⬆️ XAU ⬆️ WTI ⬆️ The dollar closed in a range on Wednesday as investors struggled to differentiate between mostly worrying headlines. The market's mood was dampened by rising crude oil prices amid intensifying tensions between Russia and western...
Today's forex news: US stocks rallied while the dollar weakens EUR/USD ⬆️ GBP/USD ⬆️ AUD/USD ⬆️ USD/CAD ⬇️ XAU ⬇️ WTI ⬇️ After the hawkish, interest-hiking comments made by the Chairman of the Federal Reserve (the Fed) yesterday (22 March), the US dollar has been weakened against other major currencies, while the US stock market has rallied unexpectedly to...
Today's forex news: Global Inflation Pressures Further Interest Rate Hikes Among Central Banks EUR/USD ⬇️ GBP/USD ⬇️ AUD/USD ⬇️ USD/CAD ➡️ XAU ⬆️ WTI ⬆️ Global Investors paid close attention to Federal Reserve (Fed) Chair Jerome Powell’s speech yesterday (21 March), as he believed the US inflation is much too high, and the Fed has, and will use the...
EUR/USD ⬆️ GBP/USD ⬆️ AUD/USD ⬆️ USD/CAD ⬇️ XAU ⬆️ WTI ⬆️ The Bank of England has joined the Federal Reserve in increasing its interest rate to 7.5%, in order to slow down domestic inflation, which has been aggravated by rising energy prices due to Russian invasion in Ukraine. Such a decision has extended the dollar’s fall against major currencies: GBP/USD...
Today's forex news: US Dollar Falls after Hawkish Fed Announcement EUR/USD ⬆️ GBP/USD ⬆️ AUD/USD ⬆️ USD/CAD ⬇️ USD/JPY ⬆️ XAU ⬆️ WTI ⬇️ On Wednesday, the U.S. Federal Reserve raised interest rates to 2.5%, also preparing further measures to contain inflation. However, the hawkish attitude was not thorough enough to strengthen the dollar against most major...
EUR/USD⬆️ GBP/USD⬆️ AUD/USD⬆️ USD/CAD⬇️ XAU⬇️ WTI⬇️ The dollar had a rough start to the day, but it was able to regain ground throughout US trading hours. The EUR/USD pair is currently trading at 1.0940, while the GBP/USD pair is trading at 1.3035. Kyiv, according to President Vladimir Putin, is not serious about finding a solution that is acceptable to both...
EUR/USD⬆️ GBP/USD⬆️ AUD/USD⬇️ USD/CAD⬆️ XAU⬇️ WTI⬇️ Market players tried to be optimistic about a diplomatic solution to the Russia-Ukraine conflict but were unable to do so. The optimistic feeling waned during the day, with Wall Street closing in the red following a high opening. According to Ukraine's negotiator Mikhail Podolyak, the latest round of peace...
EUR/USD⬆️ GBP/USD⬆️ AUD/USD⬇️ USD/CAD⬆️ XAU⬇️ WTI⬇️ A very active day concluded with the American Dollar trading mixed across the foreign exchange market. USD gained ground against Euro rivals and the JPY but fell against commodity-linked currencies. EUR/USD is below 1.1000, while GBP/USD is barely above 1.3100. The AUD/USD currency pair is trading near a...