Tag: forex trading

FTSE China A50 Index Futures (XIN9) are a popular choice for international investors looking to get involved in China's A-share market. These futures, traded on the Singapore Exchange, track the performance of the 50...

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...

The European Central Bank (ECB) announced today that they have decided to keep their key policy rates unchanged in a unanimous decision. They reiterated their stance of not committing to a specific rate path...

On July 18, 2024, several economic data updates were released that could provide valuable insights for forex trading. Let's take a closer look at the key events and their impact on the market.Starting with...

Global core bonds saw some gains ahead of the release of US retail sales data. UK gilts performed slightly better than Bunds and Treasuries as investors prepare for the upcoming June CPI numbers. There...

The Eco Data Calendar for July 16, 2024, provides a snapshot of various economic indicators from around the world. Here are some key events and their corresponding data:1. Japan's Tertiary Industry Index for May...

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 1.2298. As we look ahead to the coming week, the...

The upcoming week from July 15th to 19th will be filled with various economic data releases and events that will impact the global markets. Here's a breakdown of what to expect:On Monday, the Chinese...

The pound is currently experiencing a significant breakout, with gains in nine out of the past 10 days, including three substantial increases in a row. This surge can be attributed to the recent clarity...

Last week's key insights revolve around the Westpac-MI Consumer Sentiment Survey, indicating a 1.1% decrease in the headline index to 82.7. This decline reflects ongoing household pessimism due to concerns about inflation and potential...

USD/CAD has been trading within a tight range recently, reflecting the consolidation of the US Dollar Index and the potential rate differential between Canada and the US. The recent volatility in Canada's inflation and...

The US Dollar weakened last Friday due to a soft US NFP report that showed a cooling labor market. This led to an increase in the unemployment rate and a decrease in wage growth....

The AUD/NZD pair saw a significant surge to 1.1090, reaching multi-year highs, following the recent decision by the Reserve Bank of New Zealand (RBNZ). The RBNZ opted to keep the Official Cash Rate (OCR)...

The UK economy has shown signs of improvement, with GDP growing by 0.7% in the first quarter of the year. Analysts are now expecting a 0.2% increase in GDP for the month of May,...

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...

The AUD/USD pair is currently trading near 0.6750 as investors await the release of the US Consumer Price Index (CPI) data for June. This data will provide insights into when the Federal Reserve (Fed)...

Westpac recently responded to the Reserve Bank of New Zealand (RBNZ) statement, noting that it came as a surprise to the markets due to its dovish tone. Contrary to expectations that the brief statement...

The Mexican Peso saw a significant increase in value as the USD/MXN pair dropped below 18.00. This surge was driven by the positive inflation data released in June, with the country's Consumer Price Index...

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...

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...

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 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...

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 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...

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...

European markets experienced a risk-on movement today, following a record close of the US S&P 500 above the 5500 mark. This positive sentiment also influenced European investors, with the Eurostoxx 50 gaining 1.3%. In...

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...

The eco data analysis for July 1st, 2024, provides insights into various economic indicators across different countries. Let's take a closer look at some of the key data points:In Japan, the Tankan Large Manufacturing...

This week in the forex market, there are several key events and data releases to keep an eye on. On Monday, we have important data coming out of China, Switzerland, and the US, including...

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...

The USD/CAD pair has been on an upward trend for the fourth day in a row, reaching around 1.3710 during the European trading session on Friday. Investors are eagerly awaiting the release of the...

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...

The USD/JPY pair surged to a new multi-decade high above the 160 level on Wednesday, signaling a strong bullish momentum in the market. Despite concerns about potential intervention from Japanese authorities to support the...