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Forex News
U.S. Dollar Inches Higher Amid Rising Expectations Of Tighter Fed Monetary Policy
The U.S. Dollar value moves higher as the Strait of Hormuz remains closed with the U.S. and Iran unrelenting in their demands from each other leading to heightened uncertainty over its reopening. The consequent surge in crude oil prices renewed inflationary concerns and expectations of a higher interest rate regime in the U.S. in the near-term.
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1h 59min ago
Swiss Market Ends On Firm Note
The Switzerland market closed higher on Monday, outperforming most of the markets across Europe, thanks to fairly strong buying at select counters, including a few in the pharmaceuticals sector.
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5h 19min ago
European Stocks Mixed As Iran Tensions Cloud Markets
European stocks closed mixed Monday amid stalled U.S.-Iran negotiations and uncertainty over the Strait of Hormuz. Investors await U.S. inflation data for clues on Federal Reserve interest rate decisions. Eurozone investor confidence returned to positive territory in August.
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5h 48min ago
Canadian Market Rises On Energy, Tech Gains Tuesday
Canada's S&P/TSX Composite Index climbed 0.2% Tuesday, driven by strong energy and technology stocks. Communications, utilities, and real estate declined. Iran-U.S. talks uncertainty and upcoming U.S. economic data influenced investor sentiment.
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7h 20min ago
Canadian Stocks Set For Mixed Open Amid Oil, Gold Shifts
Toronto market likely to open mixed Monday amid geopolitical tensions over Strait of Hormuz reopening. S&P/TSX Gold Index soared 6.6% Friday as benchmark index closed at record high. Commodity volatility continues.
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10h 29min ago
Decline In U.S. Payrolls Dents Dollar
An unexpected decline in non-farm payrolls in the U.S. dramatically dragged down rate hike expectations from the Federal Reserve, and with it the U.S. Dollar, during the week ended August 7.
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10h 57min ago
FTSE 100 Modestly Lower In Cautious Trade
The UK stock market's benchmark index FTSE 100 drifted lower on Monday with investors largely making cautious moves while assessing the prospects of the reopening of the Strait of Hormuz. Amid a lack of corporate earnings new and economic data from the domestic front, trading remained somewhat lackluster since the opening bell.
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11h 25min ago
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Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the European session on Monday.
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11h 44min ago
Indian Shares End Range-bound Session Little Changed
Indian shares ended a lackluster session little changed on Monday as uncertainty over the reopening of the Strait of Hormuz overshadowed growing expectations that the U.S. Federal Reserve will not raise interest rates next month.
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12h 26min ago
Eurozone Sentix Investor Confidence Turns Positive
Eurozone investor confidence returned to positive territory in August, driven by robust economic data, survey data from the behavioral research institute Sentix showed Monday.
The sentix Economic Sentiment Index rose to 0.9 in August from -3.1 in July. The score was expected to improve to -0.7.
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12h 27min ago
French Stocks Mixed In Cautious Trade
French stocks turned in a mixed performance in cautious trade on Monday amid uncertainty over the reopening of the Strait of Hormuz. Investors looked ahead to U.S. inflation data due later this week, for clues about Federal Reserve's interest rate moves.
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12h 42min ago
DAX Hovers Around Record High
Despite uncertainty over the reopening of the Strait of Hormuz, German stocks moved higher Monday morning. Higher crude oil prices limited market's upside. Investors looked ahead to U.S. inflation data due later this week, for clues about Federal Reserve's interest rate moves.
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13h 0min ago
Gold Hovers Near Seven-week High As Fed Hike Bets Ease
Gold prices held steady on Monday after U.S. employers unexpectedly cut jobs in July and hiring figures for the prior two months were also revised downward, helping ease the risk of an immediate U.S. interest-rate hike.
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13h 21min ago
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