Tag: Economic indicators

news-17062024-074029

UK Inflation and BoE Policy Push Pound Sterling Below 1.2700

The Pound Sterling is facing challenges as it continues to weaken against the US Dollar for the third consecutive trading day. Currently, the GBP/USD...
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Holiday Week Ahead: Retail Sales, Housing, and PMIs

In the upcoming holiday-shortened week, there are several key data highlights to look out for. The US retail sales report will be released tomorrow,...
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New Zealand Dollar Decline: Forex Market Analysis and Strategies

The New Zealand dollar is facing pressure from the strong US dollar, following the Federal Reserve's updated forecasts last week. Stock market expectations suggest...
news-17062024-034024

NZDUSD Technical Analysis: Price Approaching Key Support Level

The USD lost ground last week due to a soft US CPI report, leading to market expectations of two rate cuts by the end...
news-16062024-232526

Australian Dollar: On Defensive Near 0.6600 as Fed Plans Rate Cut

The Australian Dollar (AUD) continued its decline for the third day in a row on Monday, mainly due to the strengthening US Dollar (USD)....
news-16062024-192503

Maintaining Offered Tone: NZD/USD Near 0.6130-0.6125 Area

The NZD/USD pair experienced some selling pressure for the third consecutive day on Monday. This was influenced by mixed Chinese data that did not...
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Australian Dollar weakens ahead of RBA decision

The Australian Dollar (AUD) weakened against the US Dollar (USD) as markets anticipated the Reserve Bank of Australia's (RBA) decision next week. Despite strong...
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USD/JPY Weekly Forecast: Latest Analysis and Trends for Traders

The USD/JPY pair showed a choppy rise from 151.86 and broke through the 157.70 resistance last week. This led to a continuation of the...
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EUR/USD Weekly Forecast: Key Analysis and Predictions

Last week, the Euro saw a significant decline indicating that the rebound from 1.0601 may have already ended as a correction to 1.0915. This...
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Forex & Cryptocurrency Forecast: Expert Analysis & Predictions

The past week in the world of Forex and cryptocurrency trading was filled with significant events and developments that impacted the markets. Let's take...

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Matt Gaetz Withdraws Nomination for Trump’s Attorney General

US Representative Matt Gaetz has decided to withdraw his nomination as President-elect Donald Trump's choice for U.S. attorney general. This decision comes after facing...