Tag: Economic indicators

Oh no, why do people get so scared when they hear the word "correction"? It's like the end of the world when the market drops a few percent. But corrections are actually necessary and...

Jerome Powell, the chairman of the US Federal Reserve, expressed his concerns about the potential negative impact of keeping interest rates high for extended periods on economic growth. He highlighted the strength of the...

The euro is not moving much today. It is currently trading at 1.0819 against the US dollar, which is a slight increase of 0.05%. Investor confidence in the eurozone, as measured by the Sentix Investor...

EUR/JPY is currently trading around 174.30, putting a stop to its three-day decline. The daily chart analysis reveals a rising wedge pattern, which suggests a possible bearish reversal. Moreover, the 14-day Relative Strength Index...

Japanese stocks surged to a record high following a rally on Wall Street. The Nikkei 225 daily index, although the Topix may be more important for Japan now due to the shift in ETF...

The Bank of Korea (BOK) has decided to keep its policy rate at 3.50%, which is the highest in 15 years. However, a Reuters poll suggests that the rate is expected to be cut...

The latest US inflation data is set to be released this Thursday at 12:30 GMT, with expectations pointing towards a further decline in the headline Consumer Price Index (CPI) for the month of June....

The Dow Jones Industrial Average (DJIA) experienced a volatile day on Monday, starting with early highs before dropping back down, ultimately closing the day 40 points lower than Friday's closing prices. This marked the...

Consumer price inflation likely increased slightly in June compared to May but continued to follow a downward trend overall. It is estimated that the headline CPI rose by 0.1% in June, with lower gasoline...

The first week of Keir Starmer as UK Prime Minister is being closely watched by the markets, according to FX analyst Francesco Pesole from ING. The election day did not bring any significant movements...

Eurozone Sentix Investor Confidence took a significant hit in July, dropping to -7.3 from 0.3, a far cry from the expected 0.0. This decline comes after eight consecutive increases, signaling a major setback for...

The Pound Sterling is showing strength against the US Dollar as expectations for Federal Reserve rate cuts in September have increased. This positive momentum is attributed to Keir Starmer's significant win in the UK...

The EUR/USD pair continues its recovery, showing bullish momentum as it surpasses the 1.0800 resistance level. A bullish trend line is forming with support at 1.0790 on the 4-hour chart, indicating a positive outlook...

The Japanese Yen has been gaining strength against the US Dollar due to challenges faced by the USD following weaker-than-expected US employment growth data released on Friday. This has led to speculation that the...

The Mexican Peso experienced a surge to an eight-day high of 17.99 against the US Dollar before losing momentum and fluctuating within the 17.99 – 18.19 range. The currency closed the week with a...

On Friday, June 5, the Dollar Index (DXY) hit a three-week low, while the euro showed its largest weekly gain against the dollar in a year. This was due to the US not performing...

The EUR/USD currency pair experienced significant movement last week, reaching highs of 1.3840 as investors reacted to the US Nonfarm Payrolls (NFP) report. Despite the better-than-expected NFP figures, concerns about rising unemployment and slowing...

The NZD/USD pair has shown a positive trend as it closed above the 20 SMA support at 0.6120, indicating bullish momentum. The pair tested resistance around the 0.6150 level, showing signs of strength in...

Gold prices surged to a six-week high, reaching $2,385 as traders reacted to the latest US labor market data. Although the June Nonfarm Payrolls (NFP) report exceeded expectations, downward revisions to the figures from...

The Pound Sterling has shown remarkable strength in the currency market, especially after the recent UK parliamentary elections where Keir Starmer's Labour Party secured an outright majority win. This victory has brought much-needed stability...

The GBP/USD pair experienced an increase of more than 0.20% following the release of the US jobs report for June. The data showed that the economy added more jobs than anticipated, but revisions to...

The US jobs report showed that Non-Farm Payrolls increased by 206K, surpassing the 190K estimate. However, the report's details were not as positive as expected. Revisions to the prior two months showed a decrease...

Traders are eagerly watching the outcome of the French election, with the far-right National Rally (RN) leading the first round but facing opposition from left-wing and centrist parties in the second round. The rise...

The stock market saw another successful week with the NASDAQ hitting record highs every day. The Dow Industrial Average, S&P index, and NASDAQ index all closed higher today. The NASDAQ set a new record...

The Federal Reserve recently released its Semi-Annual Monetary Policy Report, highlighting that while there has been some progress on inflation this year, they are still seeking greater confidence before considering rate cuts. The Fed...

The New Zealand dollar, also known as the Kiwi, has been struggling in the currency exchange market this year. Despite a slight increase against the yen and the Swiss franc due to lower interest...

The Swiss National Bank's Chairman, Thomas Jordan, recently discussed the issue of inflation in the economy. He emphasized the importance of understanding the risks involved in foreign exchange trading. Trading in foreign exchange carries...

The USD/JPY pair recently reached a new multi-year high at 161.95 before experiencing a correction. It dropped below a key bullish trend line with support at 161.50 on the 4-hour chart. Meanwhile, the EUR/USD...

USDCAD has been moving back and forth in a sideways range for some time now. Recently, there has been a shift towards negative momentum in the market. The price is currently approaching the lower...

The Australian Dollar (AUD) and the New Zealand Dollar (NZD) are both showing signs of potential growth against the US Dollar (USD) in the forex market. Let's take a closer look at the technical...

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 at 1.3670 on the 4-hour chart. This movement indicates a...

Federal Reserve officials discussed the progress of inflation during their June meeting and concluded that while it is moving in the right direction, more evidence is needed before they consider lowering interest rates. The...

The latest data on job creation in the US private sector has shown weaker growth than expected, putting pressure on the US dollar. According to fresh ADP estimates, only 150,000 jobs were created in...

The UK election took place on Thursday, July 4, 2024, and the Labour Party emerged victorious in a landslide victory. According to a report by Goldman Sachs, the economic outlook under a Labour government...

The US Dollar faced significant selling pressure after disappointing ADP figures from June, causing markets to increase their bets on a Fed rate cut in September. The FOMC meeting minutes from June also indicated...