Tag: Economic indicators
AUD/USD Consolidates Near 0.6750 Amid US Inflation Anticipation
The AUD/USD pair is currently trading near 0.6750 as investors await the release of the US Consumer Price Index (CPI) data for June. This...
China’s Consumer Price Index (CPI) Slows to 0.2% in June, Producer Price Index (PPI)...
China's Consumer Price Index (CPI) showed a slowdown to 0.2% year-on-year in June, dropping from the 0.3% year-on-year seen in May. This missed expectations...
Australian Dollar Stable After China CPI Data: Analysis and Insights
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...
Federal Reserve Chairman Powell Discusses Risks Beyond Inflation – Key Takeaways for Traders
Federal Reserve Chairman Jerome Powell recently addressed Congress in his semiannual testimony, discussing risks beyond just inflation that the Fed is considering. While he...
Mexican Peso Strengthens on Positive Inflation Data
The Mexican Peso saw a significant increase in value as the USD/MXN pair dropped below 18.00. This surge was driven by the positive inflation...
CPI Impact: Potential Correction in the Market
Oh no, why do people get so scared when they hear the word "correction"? It's like the end of the world when the market...
Keeping Interest Rates High for Prolonged Periods Could Harm Economic Growth
Jerome Powell, the chairman of the US Federal Reserve, expressed his concerns about the potential negative impact of keeping interest rates high for extended...
Euro’s Response to Falling Investor Confidence – Action Forex
The euro is not moving much today. It is currently trading at 1.0819 against the US dollar, which is a slight increase of 0.05%.
Investor...
AUDUSD Traders Testing Close Support, More Work Needed for Breakout
AUDUSD traders are currently testing close support levels between 0.67278 and 0.6738. Despite some fluctuations, the price has managed to stay above the lower...
GBPUSD Surges Towards 2024 Highs – Latest Forex Analysis
GBPUSD has been showing signs of strength as it bounces back from its 50-day SMA, reaching its highest level since June 12. Momentum indicators...
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