Phyllis Wangui is a Financial News Editor with extensive knowledge of the forex, stock news, stock market, forex analysis, cryptos and foreign exchange industries.Phyllis is an avid commentator on these topics and loves to share her insights with others through financial publications and social media platforms.
EUR/USD stays resilient amid mixed economic signals. In Wednesday’s European trading session, the EUR/USD pair maintains its consolidation phase, trading just shy of the 1.0700 mark. This stability comes in the wake of Germany’s IFO survey data release, which has… Read More »Disappointing U.S. PMI and Upbeat German IFO Data Boosts the EUR/USD, Durable Goods Orders Expected
The forex market witnessed a significant shuffle today following the latest PMI data releases from the Eurozone and the UK, with an added spotlight on upcoming economic data from the US. Traders across the globe adjust their strategies as the… Read More »Euro and Pound Emerge Stronger as PMI Data Surprises Market
This week’s financial markets are poised for significant activity with key events across major economies that include the ECB decision, Eurozone PMI, Japan’s interest rate statement, and the U.S. PCE Index. These events are expected to create substantial movements and… Read More »Weekly Market Outlook: In Focus ECB Decision, Eurozone PMI, Japan’s Rate Statement & U.S. PCE Index
GBPUSD Eyes Recovery Post-Stagnant UK Retail Sales. In the wake of the latest retail sales figures from the United Kingdom, the GBPUSD has shown signs of resilience, bouncing back towards 1.2450 during early trading hours in Europe on Friday. This… Read More »GBPUSD Eyes Recovery Post-Stagnant UK Retail Sales
Gold prices are demonstrating remarkable stability in the face of deepening conflict in the Middle East, hinting at sustained investor interest in the precious metal as a safe-haven asset. In Thursday’s Asian trading session, the spot price for gold hovers… Read More »Gold Price Hold Steady Amid Escalating Middle East Tensions
If you’ve been exploring the world of Forex trading, you may have encountered discussions about the legitimacy and potential risks associated with it. The question of whether Forex is a pyramid scheme often arises, prompting traders to be cautious and… Read More »Is Forex a Pyramid Scheme? Spotting a Forex Scam
In a surprising turn of events, the British Pound Sterling has held firm above a pivotal 1.2450 mark against the US Dollar. This comes as a response to the latest CPI data from the UK, which has surpassed market expectations.… Read More »GBP/USD Clings to Gains Post UK Inflation Beat, BTC Price Falls Ahead of Halving Event
Traders brace for a significant event as Federal Reserve Chairman Jerome Powell prepares to deliver a closely-watched speech. The investment community is on high alert, with the forex and commodities markets reflecting a cautious sentiment. Here’s what’s happening in the… Read More »Traders’ Expectations Ahead of Powell Speech
The financial markets can be a tumultuous sea of volatility and opportunity, particularly for traders looking to capitalize on short-term movements. Understanding the intricacies of market dynamics and the impact of economic events is crucial for day traders, retail investors,… Read More »Market Outlook: In Focus Retail Sales, Powell, Legarde & Bailey Speech and UK CPI
The foreign exchange market has been dominated by a strong US dollar, pushing the euro to lows not seen since November. This financial narrative discloses a tale of diverging paths between the European and American central banks, each maneuvering through… Read More »Euro Tumbles to New Lows Amid Rising Dollar Strength and Divergent Central Bank Policies