Tag: Economic indicators

news-03072024-202031

USD/CAD Decline: Exploring Bearish Potential – Action Forex

USD/CAD has experienced a recent decline after facing resistance at the 1.3750 level. The pair broke below a significant bullish trend line with support...
news-03072024-181018

Federal Reserve Aims to Achieve 2% Inflation Goal Before Cutting Rates

Federal Reserve officials discussed the progress of inflation during their June meeting and concluded that while it is moving in the right direction, more...
news-03072024-142003

USD Under Pressure as Weak Data Emerges

The latest data on job creation in the US private sector has shown weaker growth than expected, putting pressure on the US dollar. According...
news-03072024-141941

Goldman Sachs Analysis: UK Economic Outlook Under Labour Government | Forexlive

The UK election took place on Thursday, July 4, 2024, and the Labour Party emerged victorious in a landslide victory. According to a report...
news-03072024-141916

US Dollar Weakens on Soft ADP and FOMC Minutes

The US Dollar faced significant selling pressure after disappointing ADP figures from June, causing markets to increase their bets on a Fed rate cut...
news-03072024-081447

Sunset Market Analysis – Actionable Insights for Forex Traders

European markets experienced a risk-on movement today, following a record close of the US S&P 500 above the 5500 mark. This positive sentiment also...
news-02072024-102020

Fed’s Progress on Inflation and Need for Confidence Before Cutting Rates

Federal Reserve Chair Jerome Powell recently addressed the progress made on inflation and the cautious approach needed before considering cutting interest rates. During a...
news-02072024-082936

Eurozone Inflation Deceleration Stalled: Analysis and Forecast

Eurozone inflation has been holding steady, with the CPI standing at 2.5% year on year, remaining within the range of 2.4% to 2.6% for...
news-02072024-082915

Warning Signs of Weakening Real Economy Spotted by Fed’s Goolsbee | Forexlive

A warning sign of a weakening real economy has been spotted by the Federal Reserve's Goolsbee. He still believes that the 'golden path' is...
news-02072024-082854

Eurozone Inflation Forecast: Slowing Down – ING

The Euro (EUR) experienced a relief rally after the French election results met expectations. However, the rally lost momentum on Monday as doubts emerged...

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