Forex

The European Central Bank’s decision today to cut its deposit rate from 4.0% to 3.75% is hugely significant, as it marks the first rate cut since September 2019. The ECB had…
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The European session doesn't really have market-moving events on the agenda as we will just get the final readings on the Services PMIs and the Eurozone PPI report. The market…
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Yesterday the JOLTs job vacancies data for April continued to depict a bleak image of the labour market, falling to the lowest level in more than three years. Markets are…
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It ended up being a mixed showing by markets in trading yesterday. Bond yields were dragged lower once again but the dollar saw some mixed flows, following the softer JOLTS…
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Interest Rate Concerns Despite the recent upbeat sentiment, concerns over persistent high U.S. interest rates could limit further significant gains in oil prices. Higher…
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India’s stock market indices surprised the global markets today by helping the Indian rupee spike and surge against the U.S. dollar. The U.S. dollar stands at the 83.04 metrics…
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OPEC+ Output Cuts OPEC+ is currently reducing production by 5.86 million barrels per day (bpd), approximately 5.7% of global demand. This includes 3.66 million bpd of cuts…
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It is a slow start to the new week for FX as traders look to get settled in to June trading. Dollar pairs are lightly changed with narrow ranges still prevailing for the most…
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The rupee paired all its early gains and settled with a steep loss of 20 paise at 83.49 (provisional) against the US dollar on Friday amid volatile domestic equity markets and…
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Weekly Light Crude Oil Futures OPEC+ Meeting Anticipation The market is on edge in anticipation of the OPEC+ meeting, where the group is expected to extend some of its deep oil…
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