Tag: economic news

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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...
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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...
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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...
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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...
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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...
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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...
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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)...
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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...
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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...
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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...

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X’s New Terms of Service Causing Users to Leave Elon Musk’s...

Elon Musk's platform, X, has recently implemented new terms of service that have caused some users to leave the microblogging platform. These new terms...