Tag: Foreign exchange market
Eco Data Analysis and Forecasts for August 2, 2024
On August 2, 2024, various economic data and forecasts were released for different countries around the world. Let's take a closer look at the...
Australian Dollar Strengthens after Positive PPI Data
The Australian Dollar showed strength against the US Dollar after positive Producer Price Index (PPI) data was released. The PPI in Australia rose by...
FX Option Expiries at 10am New York Cut: August 1st Update | Forexlive
FX Option Expiries at 10am New York Cut: August 1st UpdateToday, the focus is on one particular FX option expiry at the 1.0850 level...
Pound Sterling Weakens as Fed-BoE Policy Decisions Awaited
The Pound Sterling faced a decline in Wednesday's London session, hovering near 1.2825 against the US Dollar, as investors awaited the outcome of the...
Key Considerations for Markets as July Trading Comes to a Close
As July trading comes to a close, traders are keeping a close eye on several key considerations in the markets. The Australia Q2 CPI...
GBP/JPY Holds Above 196.00, Recovering Losses – Key Focus on Currency Pair’s Performance
GBP/JPY managed to bounce back above the 196.00 level after the Bank of Japan (BoJ) announced its interest rate decision. The BoJ decided to...
Weekly USD/JPY Forecast: Latest Analysis and Trends – Action Forex
The USD/JPY pair experienced a decline from 161.94 to 151.93 last week before bouncing back after briefly breaking through the 151.98 resistance turned support...
EUR/USD Weekly Forecast: Analysis and Predictions for Traders
Last week, EUR/USD saw an increase to 1.0947 before pulling back. The current outlook for this week is uncertain, with the possibility of a...
GBP/USD Forecast: Weekly Analysis and Predictions
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...
GBP/USD Price Analysis: Breaking 1.2900 Barrier Amid Weakening USD
The Pound Sterling saw a significant increase in value against the US Dollar as a result of positive data from the UK and disappointing...