Tag: Economic indicators
Gold Price Increases as Traders Expect Fed Rate Cuts
Gold prices saw minimal movement during the North American session due to low trading volume. This was attributed to the Juneteenth holiday. However, data...
Mexican Peso Faces Pressure Ahead of Retail Sales Data Release
The Mexican Peso experienced a slight decline against the US Dollar after making gains over the past five trading days. Currently, the USD/MXN pair...
BoJ Minutes: Concerns Over Weak Yen Impact on Inflation
The recent minutes from the Bank of Japan's meeting on April 25-26 have shed light on the concerns surrounding the impact of the weak...
UK Inflation Takes Center Stage Today: What Investors Need to Know
Today, the focus is on UK inflation as major currencies remain quiet. The US holiday will lead to a placeholder trading day, creating a...
Fed’s Williams Predicts Gradual Rate Cuts Amid Ongoing Disinflation – Market Update
New York Federal Reserve President John Williams recently discussed the state of the US economy in an interview with FOX Business. Williams expressed confidence...
Forex Market Update: Focus Shifts Across the Channel
The foreign exchange market traded without much movement on Tuesday as investors were focused on the potential timing of Federal Reserve rate cuts. Coming...
S&P 500 Technical Analysis: Path of Least Resistance to Upside
Last week, we received some positive news as both the CPI and PPI numbers came in lower than expected. This news is likely to...
Gold Price Consolidates Above $2,300: Analysis and Forecast
Gold prices are holding steady above $2,300 as uncertainty looms around the Federal Reserve's rate-cut decisions. The Fed's recent hawkish outlook has led to...
Soft Retail Sales Impact on Fed Hawks’ Rhetoric – Actionable Insights for Traders
At the recent Fed meeting, Chairman Powell briefly mentioned consumer spending, but the focus was mainly on inflation and the Fed's dot plot. The...
Federal Reserve Caution: Interest Rates Will Remain Steady Amid Cooling Inflation Data
The Federal Reserve has announced that interest rates will remain steady for the time being, despite recent cooling inflation data. The Fed is looking...
Breaking Financial News
X’s New Terms of Service Causing Users to Leave Elon Musk’s...
Elon Musk's platform, X, has recently implemented new terms of service that have caused some users to leave the microblogging platform. These new terms...
