Tag: Economic indicators

On July 18, 2024, several economic data updates were released that could provide valuable insights for forex trading. Let's take a closer look at the key events and their impact on the market.Starting with...

Gold prices have surged to a new all-time high of $2482, with a significant increase of 1.9% in a single day - the largest jump since December 13. This rise comes after breaking through...

In a recent speech, Fed Governor Adriana Kugler highlighted the ongoing trend of decreasing inflation across various price categories. Despite some challenges earlier in the year, she mentioned that supply and demand are gradually...

In the recent trading session, the major stock indices all closed higher with the Dow and the Russell 2000 performing the best, while the Nasdaq lagged behind. The Dow Industrial Average saw a significant...

Global core bonds saw some gains ahead of the release of US retail sales data. UK gilts performed slightly better than Bunds and Treasuries as investors prepare for the upcoming June CPI numbers. There...

The Bank of Canada is set to meet on July 24, and many economists are predicting a rate cut. This prediction is further supported by the fact that interest rate derivatives are now indicating...

Foreign exchange trading is a risky business that may not be suitable for everyone. It involves leverage, which can increase the level of risk and potential losses. Before you start trading in the foreign...

The Eco Data Calendar for July 16, 2024, provides a snapshot of various economic indicators from around the world. Here are some key events and their corresponding data:1. Japan's Tertiary Industry Index for May...

The recent decline in the dollar index has raised concerns about the long-term outlook for the US currency. Despite initial optimism surrounding Trump's economic policies, including tariffs and tax cuts, the dollar has been...

Switzerland's producer and import prices in June remained steady at 0.0% month-on-month. This stability indicates that there was no increase or decrease in prices during this period.It is important to note that foreign exchange...

The People's Bank of China announced on the 15th of this month that the Medium-term Lending Facility (MLF) rate will remain at 2.5%. This news comes amidst expectations of no change to the rate...

The GBP/USD pair saw a significant breakthrough last week, surpassing the 1.2859 resistance level and confirming a continuation of the rally that began at 1.2298. As we look ahead to the coming week, the...

The upcoming events in the market for the week of July 15-19 are as follows:On Monday, we have various events including the New Zealand Services PMI, PBoC MLF, China Industrial Production and Retail Sales,...

EUR/USD saw a strong rally last week, reaching a high of 1.0910. The current bias is still leaning towards the upside for the coming week. If there is a decisive break above 1.0915, we...

In the United States, inflation has decreased more than expected in June, increasing the likelihood of a rate cut in September. This news comes after Federal Reserve Governor Lisa Cook mentioned that a "soft...

Last week, the US saw a significant selloff in mega-cap tech stocks following lower-than-expected inflation data. This led to a shift towards riskier areas of the market, with the Russell 2000 emerging as the...

The European Central Bank (ECB) is set to conclude its two-day policy meeting on Thursday. It is not expected to make any changes to interest rates after a 25 basis point cut last month....

Inflation has decreased significantly in the past two years, leading to some consumer prices deflating in the U.S. economy. Deflation refers to the rate at which prices are falling for consumer goods or services,...

It's already halfway through 2024, and the countdown to the US presidential election has begun. While geopolitical tensions like the Ukrainian-Russian conflict and Israeli-Hamas situation are ongoing, the focus has shifted towards political risks...

The pound is currently experiencing a significant breakout, with gains in nine out of the past 10 days, including three substantial increases in a row. This surge can be attributed to the recent clarity...

Last week's key insights revolve around the Westpac-MI Consumer Sentiment Survey, indicating a 1.1% decrease in the headline index to 82.7. This decline reflects ongoing household pessimism due to concerns about inflation and potential...

The upcoming ECB meeting is expected to be a review meeting rather than one where new policies are announced. Lagarde has emphasized that data on profits, wages, and productivity will be crucial factors, but...

The US Dollar weakened last Friday due to a soft US NFP report that showed a cooling labor market. This led to an increase in the unemployment rate and a decrease in wage growth....

Central banks play a crucial role in maintaining price stability within a country or region. This is achieved by managing inflation and deflation through the adjustment of the policy rate. For major central banks...

Today in the world of finance, there are a few key updates to keep an eye on. Firstly, it has been announced that US President Trump will be speaking at the Bitcoin 2024 conference...

Gold prices have been on the rise for the past three days, although the bullish momentum seems to be lacking. This increase in price is partly due to the expectations that the Federal Reserve...

The inflation report that is highly anticipated is set to be released on Thursday and it may confirm the expectations for the Federal Reserve to reduce interest rates in the upcoming months. The report...

The Reserve Bank of New Zealand decided to keep its cash rate on hold at 5.5%, as most people expected. After the announcement, the NZD/USD dropped, hinting at a potential rate cut in the...

The AUD/NZD pair saw a significant surge to 1.1090, reaching multi-year highs, following the recent decision by the Reserve Bank of New Zealand (RBNZ). The RBNZ opted to keep the Official Cash Rate (OCR)...

The UK economy has shown signs of improvement, with GDP growing by 0.7% in the first quarter of the year. Analysts are now expecting a 0.2% increase in GDP for the month of May,...

The AUD/USD pair is currently trading near 0.6750 as investors await the release of the US Consumer Price Index (CPI) data for June. This data will provide insights into when the Federal Reserve (Fed)...

China's Consumer Price Index (CPI) showed a slowdown to 0.2% year-on-year in June, dropping from the 0.3% year-on-year seen in May. This missed expectations of a 0.4% year-on-year increase. The Core CPI, which excludes...

The Australian Dollar faced a decline on Wednesday, as the US Dollar gained strength following Federal Reserve (Fed) Chairman Jerome Powell’s testimony before the US Congress. Powell’s remarks indicated that the Fed remains cautious...

Federal Reserve Chairman Jerome Powell recently addressed Congress in his semiannual testimony, discussing risks beyond just inflation that the Fed is considering. While he emphasized the importance of not cutting interest rates until there...

The Mexican Peso saw a significant increase in value as the USD/MXN pair dropped below 18.00. This surge was driven by the positive inflation data released in June, with the country's Consumer Price Index...