Tag: Economic indicators
USD/CAD Forecast: Price Approaching Lower Range Bound – Action Forex
USDCAD has been moving back and forth in a sideways range for some time now. Recently, there has been a shift towards negative momentum...
Forex Market Analysis: AUD/USD and NZD/USD Poised for Growth – Action Forex
The Australian Dollar (AUD) and the New Zealand Dollar (NZD) are both showing signs of potential growth against the US Dollar (USD) in the...
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...
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...
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...
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...
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...
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...
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...
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...
Breaking Financial News
Trump’s Treasury Pick Bessent Boosts U.S. Stock and Bond Markets
After President-elect Donald Trump announced his pick for Treasury secretary, Scott Bessent, the U.S. stock market and bond markets reacted positively. Bessent, the founder...
