Oct 18, 2025
Breaking News: Forex: Foreign reserves fall, gold reaches record high
Forex: भारतीय रिजर्व बैंक के ताज़ा आंकड़ों के अनुसार, देश का विदेशी मुद्रा भंडार लगातार चौथे सप्ताह घट गया है। हालांकि, सोने के रिकॉर्ड मूल्
seen from Germany
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seen from United Kingdom
Breaking News: Forex: Foreign reserves fall, gold reaches record high
Forex: भारतीय रिजर्व बैंक के ताज़ा आंकड़ों के अनुसार, देश का विदेशी मुद्रा भंडार लगातार चौथे सप्ताह घट गया है। हालांकि, सोने के रिकॉर्ड मूल्
October 8, 2024: Oil Drops, Fed Speeches, and German Data Update
Market Recap: October 8, 2024 Today’s we’re seeing some shifts in energy and metals prices, along with industrial production figures coming in. Central bank officials are also giving speeches, offering insights that could impact market direction. Key Economic Events Germany’s Industrial Production: The August figures revealed mixed results. Year-on-year, industrial production fell by -2.7%,…
October 2024 Market Recap: Key Economic Updates
Market Recap: October 2, 2024 Today’s calendar brings a few key events to watch, especially around employment data and central bank speeches. Here’s a breakdown of the most important updates. Key Economic Events: EUR Unemployment Rate (Aug): The Eurozone unemployment rate is holding steady at 6.4%, unchanged from the previous reading. This signals stable employment conditions in the Eurozone,…
Forex Market Analysis: Key Data Impacts on Currency Pairs
Daily Forex Market Commentary – September 26, 2024 Today’s focus will be on key U.S. data releases at 1:30 PM. First up is the Durable Goods Orders for August, expected to drop by 2.6% after last month’s surprising 9.9% spike. We’ll also see the final Q2 GDP Growth Rate, forecasted to hold steady at 3.0%, down from a previous 1.4%. These releases could set the tone for the U.S. dollar and…
Forex Update: ECB Cuts Rates, EUR Under Pressure – Sept 13, 2024
Forex Market Update – September 13, 2024 Today, the forex market is responding to the European Central Bank’s (ECB) decision to cut interest rates by 25 basis points to 3.75%. This shift in policy was aimed at addressing weak growth in the eurozone. As a result, the euro has faced increased pressure. Major Currency Pairs: EUR/USD: The euro is trading at 1.10780, nearly flat as traders digest…
JOHANNESBURG - On Friday, the South African rand managed to recover some of its losses due to improved market sentiment during the European session and following a speech by the U.S. Federal Reserve chair, which could have implications for future interest rate hikes in the United States.As of 1528 GMT, the rand was trading at 18.6550 against the dollar, showing a gain of about 0.9% compared to its previous close. This rebound came after the currency had surged as much as 1% earlier in the day.The rand has experienced a turbulent week, contributing to an overall decline of over 4% for the month.Meanwhile, the dollar saw a slight increase of around 0.1% against a basket of global currencies.During the Jackson Hole Symposium for global central bankers on Friday, Fed Chair Jerome Powell delivered a speech in which he indicated that additional U.S. rate hikes might be necessary to achieve the country's inflation objectives."Danny Greeff of ETM Analytics noted to Reuters prior to the speech that given the recent substantial rise in U.S. Treasury yields, there's a risk that the market could interpret Powell's comments as dovish, irrespective of his efforts to maintain a balanced or even slightly cautious stance."In the absence of domestic economic data cues, the rand, which tends to be sensitive to risk factors, often takes cues from global influences such as U.S. monetary policy.Greeff commented, "The movement of the rand will be subject to Jackson Hole-related news headlines throughout the weekend."Meanwhile, South Africa's benchmark 2030 government bond weakened, with the yield increasing by 1 basis point to reach 10.210%.On the Johannesburg Stock Exchange, the blue-chip Top 40 index (.JTOPI) concluded the week in negative territory, closing approximately 0.7% lower.