Tag: economic news
Top Economic Reports That Shock Markets Monthly: Secrets Revealed
In the fast-paced world of finance, top economic reports that shock markets monthly hold the power to send investors and traders into a frenzy. Ever wondered which economic indicators trigger sudden market volatility or...
Retail Investors Buy Record Number of Stocks Following Moody’s Downgrade: Monday Morning Surge
Macro Insights for InvestingIn today's fast-paced world of investing, it can be hard to keep up with all the latest trends and developments. That's where macro insights come in handy. These insights provide investors...
Fed’s ‘Easier’ 2025 Stress Test Boosts Bank Stocks
Bank Shares Surge as Federal Reserve Announces 'Easier' 2025 Stress TestIn a significant turn of events, bank shares experienced a notable surge following the Federal Reserve's unveiling of the parameters for its annual industry...
Wholesale Prices Rise 0.2% in December: Inflation Watch
**Wholesale Prices Rise 0.2% in December: Inflation Watch**Customers bustling through a Costco store in Novato, California on December 11, 2024, were met with a surprising piece of news: wholesale prices had crept up by...
What to Expect from the Federal Reserve’s Interest Rate Decision on Wednesday
Federal Reserve to Announce Interest Rate Decision
Federal Reserve Chair Jerome Powell is set to announce the central bank's interest rate decision on Wednesday, following the Nov. 6-7, 2024, Federal Open Market Committee meeting in...
GBP/USD Ends Down Week Despite Sterling Uptick – Weekly Market Recap
GBP/USD struggled to gain momentum on Friday, only edging up by 0.13% as the Pound Sterling faced pressure due to the looming rate cut expectations from the Bank of England (BoE) next week. This...
EUR/USD struggles to break above 1.09 resistance in light Friday trading
The EUR/USD pair experienced a slight uptick on Friday, although it remained in negative territory for the week overall. Market sentiment has been primarily influenced by hopes of a rate cut by the Federal...
Australian Dollar Weakens Due to Falling Commodity Prices and Risk-Aversion
In the recent trading session, the Australian Dollar (AUD) experienced a slight uptick against the US Dollar (USD), with AUD/USD reaching 0.65515 following a period of intense selling pressure. This recovery comes amidst concerns...
MLF Day in China: People’s Bank of China Not Expected to Cut Rates |...
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...
GBP/USD Price Analysis: BoE’s Pill Remarks Propel Pair Above 1.2800
The Pound Sterling saw a rise to 1.2842 against the US Dollar following comments from the Bank of England's Huw Pill cautioning against making policy decisions based on single data points. The GBP/USD pair...
Gold Price Analysis: NFP Report Boosts Bullish Sentiment | Forexlive
Last Friday, the price of gold went up after the US NFP report was released. The report showed that the labor market was slowing down, with the unemployment rate going up and wage growth...
Japanese Yen Strengthens as US Dollar Weakens on Fed Rate Cut Expectations
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...
Gold Price Surges to Six-Week High Amid Weak US Labor Market Data
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...
UK Pound Sterling Strengthens Amid Softening US Wage Growth and UK Labour Majority Hold
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...
US Markets Closed for Holiday: Impact of DXY on OCBC
The US markets were closed for a holiday, and the impact of the US Dollar Index (DXY) on Oversea-Chinese Banking Corporation Limited (OCBC) was significant. The USD fell for the second day in a...
USD Under Pressure as Weak Data Emerges
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...
USD/INR Strengthens as US Dollar Demand Rises, Powell’s Speech in Focus
The Indian Rupee faced some challenges on Tuesday as it traded in the negative territory during the Asian session. This weakening can be attributed to the increased demand for the US Dollar and the...
GBPJPY Hits 16-Year High – Forex Analysis and Updates
GBPJPY has been on a winning streak, marking a new 16-year high at 203.57 after ten consecutive days of gains. While this positive momentum is evident in the market, indicators like the RSI and...
Eco Data Forecast for June 28, 2024 – Action Forex
On June 28, 2024, various economic indicators were released, providing insights into different economies around the world.In Japan, the Tokyo Consumer Price Index (CPI) Year-on-Year (Y/Y) for June was reported at 2.20%. Additionally, the...
Canadian Dollar Rises to High End in Quiet Monday Trading
The Canadian Dollar (CAD) saw a slight rise on Monday as the US Dollar weakened, providing some breathing room for the CAD against other major currencies. Market activity was relatively quiet, with investors lacking...
EUR/USD Rebounds Strongly on Improved Market Sentiment
The EUR/USD pair bounced back strongly from a weekly low of 1.0670 in Monday's European session as the demand for risky assets increased. This was fueled by speculations that the Federal Reserve (Fed) might...
Forexlive Weekly Market Outlook: 24-28 June
The upcoming events for the week include various economic indicators from different countries. On Monday, we have the Bank of Japan releasing the Summary of Opinions and German IFO data. Tuesday will see the...
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 only one interest rate cut this year, possibly in December....
EUR/JPY Price Analysis: Impact of Political Turmoil on Exchange Rate
The Euro has experienced a decline against the Japanese Yen for the second consecutive day, influenced by political uncertainty in France. This uncertainty stems from the decrease in presidential approvals ahead of the General...