Tag: Economic Data

The recent dip in the Nasdaq by 10.4% over the past three weeks may seem like a cause for concern, but when viewed in the broader context, it appears to be a minor correction...

AUDUSD has been on a downward trend since July 11, dropping to its lowest level since May 1. The pair has broken both its 50- and 200-day simple moving averages, indicating a bearish market...

The US Dollar, as measured by the DXY Index, faced some challenges in bouncing back after the release of mixed Personal Consumption Expenditures (PCE) data. There is uncertainty in the market regarding a potential...

EUR/USD is currently in a consolidation phase as investors await the release of the US core PCE Price Index for June. The annual US core PCE inflation is expected to have slowed down to...

Japan's Tokyo consumer price index (CPI) core, excluding food, rose slightly from 2.1% year-on-year to 2.2% year-on-year in July, meeting market forecasts. This is the third consecutive month of acceleration, rebounding from a drop...

The USD/CHF pair is seeing a decline near 0.8800 as the US economy data looms. Despite stronger-than-expected US economy data, the Greenback is dropping, and the global stock market sell-off is causing a flight...

The euro initially dropped on Wednesday but has since bounced back. In the current North American trading session, EUR/USD is at 1.0860, showing a 0.07% increase for the day.Eurozone PMI numbers came in weaker...

The USDJPY currency pair has been on a downward trend and has reached its lowest point since May 16. This decline has caused the price to drop below the 50% mark of the upward...

The Federal Reserve is eagerly awaiting the release of key economic data this week to gain a better understanding of the current state of growth and inflation in the US. The upcoming Preliminary GDP...

The upcoming week is packed with important economic events that could impact global markets. Here's a breakdown of some key events to keep an eye on:PBoC LPR (Mon): The People's Bank of China is...

The upcoming week is filled with important events that could impact the global markets. On Monday, the People's Bank of China (PBoC) is expected to maintain the Loan Prime Rate (LPR) at 3.45% for...

Foreign exchange trading is a risky business that may not be suitable for everyone. It involves leverage, which can increase the level of risk and potential losses. Before you start trading in the foreign...

The Eco Data Calendar for July 16, 2024, provides a snapshot of various economic indicators from around the world. Here are some key events and their corresponding data:1. Japan's Tertiary Industry Index for May...

Switzerland's producer and import prices in June remained steady at 0.0% month-on-month. This stability indicates that there was no increase or decrease in prices during this period.It is important to note that foreign exchange...

The upcoming week from July 15th to 19th will be filled with various economic data releases and events that will impact the global markets. Here's a breakdown of what to expect:On Monday, the Chinese...

The European Central Bank (ECB) is set to conclude its two-day policy meeting on Thursday. It is not expected to make any changes to interest rates after a 25 basis point cut last month....

Inflation has decreased significantly in the past two years, leading to some consumer prices deflating in the U.S. economy. Deflation refers to the rate at which prices are falling for consumer goods or services,...

Inflation in June continued to decrease as lower gasoline prices and easing price pressures provided some relief for consumers. According to the U.S. Labor Department, the consumer price index (CPI) rose by 3% in...

The Pound Sterling saw a significant increase in value against the US Dollar as a result of positive data from the UK and disappointing US inflation numbers. This led to the GBP/USD pair trading...

USD/CAD has been trading within a tight range recently, reflecting the consolidation of the US Dollar Index and the potential rate differential between Canada and the US. The recent volatility in Canada's inflation and...

Central banks play a crucial role in maintaining price stability within a country or region. This is achieved by managing inflation and deflation through the adjustment of the policy rate. For major central banks...

Today in the world of finance, there are a few key updates to keep an eye on. Firstly, it has been announced that US President Trump will be speaking at the Bitcoin 2024 conference...

The Australian Dollar faced a decline on Wednesday, as the US Dollar gained strength following Federal Reserve (Fed) Chairman Jerome Powell’s testimony before the US Congress. Powell’s remarks indicated that the Fed remains cautious...

Crude oil has been performing well in the market since hitting a low point in early June. Factors like OPEC's extension of output cuts, global economic activity, and potential central bank policy changes have...

Consumer price inflation likely increased slightly in June compared to May but continued to follow a downward trend overall. It is estimated that the headline CPI rose by 0.1% in June, with lower gasoline...

The upcoming week is filled with various economic events that could impact the global markets. Here is a breakdown of the key events to watch out for:French Election (Sun): The second round of the...

GBP/USD saw a rise above 1.2800 after the release of US NFP figures on Friday. The positive data sparked a risk rally in the market, leading to increased optimism among investors. This surge in...

The EUR/USD currency pair experienced significant movement last week, reaching highs of 1.3840 as investors reacted to the US Nonfarm Payrolls (NFP) report. Despite the better-than-expected NFP figures, concerns about rising unemployment and slowing...

Gold prices are on the rise, moving closer to a two-week high as investors focus on the upcoming US Nonfarm Payrolls (NFP) report. The US Dollar is weakening for the fourth consecutive day, as...

Gold prices saw a slight increase of 0.15% on Thursday amidst low trading activity due to the US Independence Day holiday. The XAU/USD pair reached a two-week high of $2,365 the previous day, driven...

The latest data on job creation in the US private sector has shown weaker growth than expected, putting pressure on the US dollar. According to fresh ADP estimates, only 150,000 jobs were created in...

The US Dollar faced significant selling pressure after disappointing ADP figures from June, causing markets to increase their bets on a Fed rate cut in September. The FOMC meeting minutes from June also indicated...

Eurozone CPI, which measures the change in prices of goods and services, experienced a slight slowdown in June. The year-over-year increase in CPI dropped from 2.6% to 2.5%, meeting market expectations. However, the core...

The eco data analysis for July 1st, 2024, provides insights into various economic indicators across different countries. Let's take a closer look at some of the key data points:In Japan, the Tankan Large Manufacturing...

The Australian Dollar (AUD) saw a rise against the US Dollar following a decrease in US inflation in May. This unexpected reduction in inflation led to speculations of a possible dovish stance from the...