Tag: Forex news
Boost in GBP/USD as Non-Farm Payroll Results Disappoint
The GBP/USD pair saw a boost on Friday following a significant miss in the US Nonfarm Payrolls (NFP) data. The US job market showed signs of cooling down as the NFP revealed the lowest...
Bond Market Reacts to Weak Jobs Data, Cuts Rates for Fed | Forexlive FX...
The recent US jobs report revealed weaker data than expected, causing a stir in the bond market. With only 114,000 jobs added in July, below the anticipated 175,000, and other key figures missing the...
China Rate Setting on Monday: What to Expect and How It Affects Forex Trading
The People's Bank of China is set to announce the 1- and 5-year loan prime rates on Monday, as the usual announcement date of the 20th falls on a Saturday this month. Earlier this...
Forexlive Weekly Market Outlook: July 15-19 Analysis & Predictions
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,...
US Non-Farm Payrolls Report Sends USD Lower: Forex Market Wrap (80 characters)
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...
Awaiting Powell Speech: Forex Market Update in Asia-Pacific | ForexLive
Federal Reserve Chair Powell is set to deliver a speech today at the ECB forum. This has caused speculation and anticipation in the forex market. The market is also keeping an eye on other...
USD/CAD Unchanged Post Canadian GDP and US PCE Data Release
USD/CAD has seen little movement around the 1.3700 level following the release of key economic data for both Canada and the US. The Canadian GDP figures for April showed a 0.3% increase, indicating a...
EUR/USD Forecast: Latest Analysis and Updates – Action Forex
EUR/USD is currently in a consolidation phase after reaching 1.0667, and the short-term bias is neutral. The resistance level at 1.0760 is expected to hold, leading to a potential further decline in the exchange...
Weekly USD Analysis: US Dollar Index and Euro to Dollar Forecast – Action Forex
This week, the focus will be on speeches by Fed officials, with five out of eight scheduled appearances featuring hawkish members. This could push back against market expectations of rate cuts this year and...
Forex and Cryptocurrency Forecast: Expert Analysis and Predictions
The recent data from Eurostat has shown a rise in inflation in the Eurozone countries, reaching 2.6% in May. This increase in consumer prices led to a slight hope among euro bulls that the...
Weekly Trading Forecast: Key Events and Releases to Monitor
Stay informed about the upcoming economic events and speeches that could impact the financial markets this week. On Monday, June 24, at 3 AM ET, keep an eye out for FOMC member Waller speaking....
Forexlive Americas FX News Wrap: USD Rises on Strong Flash S&P Data | 21...
The week ended on a soft note for US equities, with key events and releases to watch in the upcoming week. Gold saw a short-lived rally before falling $40. MUFG predicts that the BOJ...