Japan’s Economy Minister Yoshitaka Shindo expressed optimism on Thursday regarding the country’s economic prospects, stating that the Japanese economy is expected to continue its moderate recovery. He emphasized the importance of closely monitoring the risks associated with foreign exchange fluctuations that could potentially drive up domestic prices. Shindo highlighted the need to pay close attention
Forex News
When it comes to investing in the open markets, it is crucial to understand that there are risks and uncertainties involved. The information provided on various platforms, including FXStreet, is meant for informational purposes only. It is not a recommendation to buy or sell any assets. Therefore, it is essential for investors to conduct their
The AUD/USD pair has surged to 0.6620 during the Tuesday session in New York as market sentiment remains positive and the US Dollar faces downward pressure. Despite the release of the US Producer Price Index (PPI) report for April showing slight growth, the Greenback has failed to attract investors, with the US Dollar Index (DXY)
Gold price is known to react to various economic indicators, especially inflation data from the United States. Any signs of sticky inflation can reduce expectations of US interest rate cuts, which in turn can affect the price of gold. The upcoming reports on the US Producer Price Index (PPI) and the Consumer Price Index (CPI)
The DXY Index is currently showing mild losses at 105.35, suggesting a modest bearish trend. The focus of the market is on conservative comments from the Federal Reserve (Fed) and the expectations for April inflation data, which could impact the outlook for the US Dollar. The Fed’s stance on interest rates and the market expectations
On Monday, the price of silver (XAG/USD) experienced a slight decline, according to the latest data from FXStreet. Trading at $28.13 per troy ounce, the price dropped by 0.14% compared to the previous value of $28.17 on Friday. Despite this decrease, silver prices have still seen a significant overall increase of 10.44% since the beginning
The week started positively for the gold price, hovering around $2,360 on Monday. This surge can be attributed to the escalating tensions in the Middle East, which are driving safe-haven flows towards precious metals. However, despite this initial uptick, there are potential factors that could hamper the price of gold in the near future. Last
The EUR/GBP cross is facing a downward trend around 0.8595 in the early European session on Friday. The UK economy has officially exited the recession as reports show a growth of 0.6% QoQ in Q1. National Statistics (ONS) revealed that the GDP of the nation experienced growth after a mild recession in the second half
The Western Texas Intermediate (WTI) crude oil benchmark has seen a surge in prices, reaching one-week highs near $79.30 on Friday. This increase can be attributed to the rising demand optimism in China and ongoing geopolitical tensions in the Middle East. China, one of the world’s largest crude-consuming nations, saw a 5.45% increase in crude
The information provided in this investment disclaimer serves to remind investors of the risks and uncertainties associated with the financial markets. It emphasizes the importance of conducting thorough research before making any investment decisions. However, the language used in the disclaimer may not sufficiently convey the severity of these risks, potentially leading some investors to
The increase in WTI price to $78.95 on Thursday can be attributed to the 1.4 million barrels dip in US crude stocks reported by the Energy Information Administration (EIA). This unexpected drawdown in inventories signifies a potential increase in demand for crude oil, which usually results in higher prices in the market. The hopes of
Gold prices have been facing a downward trend as a result of renewed demand for the US Dollar on Wednesday. This comes in the midst of investors showing a lack of confidence in potential Fed interest rate cuts in 2024. The hawkish stance taken by Federal Reserve officials, including Philip Jefferson, Susan Collins, and Lisa