Tag: 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...

US Treasury yields continued to rise in the forex markets on July 1, with the NASDAQ index starting strong and closing at a record level. Former Fed Governor Clarida predicted one Fed rate cut...

The Cleveland Federal Reserve has reported a 0.2% monthly increase in PCE inflation. This means that prices for goods and services have gone up slightly in the past month. The median inflation rate is...

The US Dollar experienced fluctuations in response to various economic data releases on Thursday. Despite US May durable goods orders coming in at +0.1% versus an expected -0.1%, the dollar initially dipped due to...

The upcoming week from June 24th to June 28th is packed with significant economic events around the world. Let's take a look at some key events that will shape the global economic landscape.Starting off...

Gold prices took a hit today, dropping by $40 after a brief rally that had investors hopeful. The drop has reignited concerns about the chart pattern that has been forming in the gold market.Over...

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...

Foreign exchange trading is a risky endeavor that may not be suitable for all investors. It is important to carefully consider your investment objectives, experience level, and risk tolerance before engaging in such activities....

The UK Services PMI for June fell below expectations, with a reading of 52.9 compared to the prior 51.2. The Manufacturing PMI came in at 51.4, slightly higher than the expected 51.3, while the...

US housing starts for the month of May came in lower than expected at 1.277 million, missing the 1.370 million forecast. Additionally, initial jobless claims were reported at 238,000, slightly higher than the estimated...

The recent data release showing New Zealand's current account deficit narrowing to -4.359 billion NZD has had minimal impact on the NZD/USD trading pair, hovering around 0.6144. The current account is a crucial indicator...

The Reserve Bank of Australia (RBA) has decided to keep the cash rate unchanged at 4.35%. This decision comes as inflation has decreased significantly since its peak in 2022. Additionally, there has been a...

The stock market in the US is seeing an overall increase today, with the NASDAQ index leading the way towards gains. If the NASDAQ closes positively today, it will mark the sixth consecutive record...

The Bank of Japan (BOJ) is expected to reduce its monthly bond buying by ¥2 trillion. This decision could have significant implications for the financial markets and investors.It is important to note that foreign...

China's economic data release calendar for retail sales and industrial output is set for June 17, 2024. This data is crucial in understanding the current state of China's economy, especially in relation to efforts...

China's financial regulator has recently announced tighter restrictions on short-selling practices in the country. This move is aimed at reducing the potential risks associated with foreign exchange trading, particularly for investors who may not...