Recent gains in the EUR/USD exchange rate have been driven by the price gap between US and European natural gas, not the ECB's outsized rate hike in September.
The dollar index (DXY) is about to end the week in the red (-1%), after reaching its highest peaks in the last twenty years, as profit taking behaviour emerged
With the dollar at its highest level in 20 years and major central banks competing to raise interest rates, the forex market is bracing for a volatile month.
The VanEck Gold Miners ETF (GDX) has fallen about 45% since April 2022, pressured by lower gold prices
Gold and the US dollar have historically had strong starts to the year. The precious metal's average return in January was 1.6%, while the US dollar rose by 1%.
Russia has recently proposed the establishment of a new precious metals exchange, the Moscow World Standard
Fed members indicate they will tighten interest rates into restrictive territory to curb inflationary pressures, reviving the dollar's bull trend.
What’s next for the USD/SGD forex pair? Read on to learn more about the pair and its possible future fluctuations.
The widening divergences between Europe’s Dutch TTF and Henry Hub natural gas prices are adding a further downside risk for the EUR/USD pair.