Tag: Economic indicators
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...
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...
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)....
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...
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...
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...
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...
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...
Gold price surges as US inflation falters against Fed’s hawkish stance
Gold prices surged above $2,330 as investors placed their bets on the Federal Reserve (Fed) cutting interest rates later in the year. This increase...
Gold Price Drops Following Release of U.S. Producer Prices Data
Gold prices took a hit on Thursday following the release of U.S. producer prices data. The U.S. Federal Reserve recently announced that they would...