Forex News

Rate Hike in Line with Expectations As expected by most traders and economists, the European Central Bank increased the policy rate by 0.25% to 3.25% on Thursday, following three previous hikes of 0.5% each. This is the highest level of rate since 2008. The ECB stated that its Governing Council would make sure that the

Financial markets are caught in a tug-of-war between continued inflation and recession worries as they try to guess the Federal Reserve’s next move. This means that investors are potentially ignoring a much more dangerous outcome: stagflation. The combination of slower economic growth with persistent inflation could potentially shatter hopes for a reversal of the Fed’s

Bitcoin closes April with gains. This marks the 4th month in a row of price increases. Longest streak since March 2021. On Sunday, March 30, the BTC coin climbed to $30,000, down from its peak of $31,000 on April 14. Bitcoin has plunged 77% from its record highs of nearly $70,000 in 2021 to its

The US dollar edged higher on Thursday as easing worries about the banking sector lifted sentiment, and investors turned their attention to the Federal Reserve’s fight against inflation. The dollar index, which measures the exchange rate against six major currencies, rose 0.019% to 102.65 after rising 0.19% yesterday. However, amid market turmoil following problems in

Alibaba spurs rally in Hong Kong, UBS leads banks. European stocks rose alongside Asian stocks as the Hong Kong market fell sharply on Alibaba Group Holdings Ltd’s proposed reorganization, which bodes well for Chinese tech companies. US stock futures rose as well. The Stoxx Europe 600 rose 0.6%, with technology and consumer stocks gaining the

Traders buy when prices go down, pushing gold up. This is because the Initial data showed that fewer Americans are applying for unemployment benefits than experts had thought. This caused a drop. The gold has reached a daily high of $1,982 so far today. For investors, lower interest rates are good news for Gold because

After March 9, when it was found that SVB could be a problem for the banking system as a whole, investors turned to the Japanese yen as a safe currency. Here’s a quick look at how the yen has done against some of the world’s most important currencies and trading partners, like the Australian dollar.

Gold prices fell throughout the Asian trading session, reaching a low of approximately $1806.50 before the start of the European Open. Since then, there has been a negligible increase of approximately $6, and the current price of gold is 1812. Gold is still in an extremely vulnerable position, with the fundamentals pointing to further losses

Asian Indices UK and Europe US Futures Kazuo Ueda, the next governor of the Bank of Japan (BOJ), disappointed hawks at his confirmation hearing. He did not challenge the status quo’s ultra-easy stance but instead joined the chorus of those who agreed. This is still the case, even though inflation in Japan reached a 41-year