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.
The Forex market was a hive of activity this week, marked by significant movements in major currency pairs. With the European Central Bank (ECB) policy announcements looming, traders are on edge, as the outcomes could shape market trends for the… Read More »Choppy Sessions Ahead of ECB Policy Announcement
In June 2024, the UK inflation rate exhibited a steady trend, providing a sigh of relief for policymakers and consumers alike. The Office for National Statistics (ONS) reported that inflation rates held firm at 2% despite soaring hotel prices. Following… Read More »GBP/USD Hovers Below 1.3000 as UK Inflation Holds Steady
This week market outlook promises to be pivotal for forex traders as we closely monitor key economic indicators and central bank communications. From the Fed’s critical speeches to the UK’s latest inflation data and the ECB’s anticipated rate pause, each… Read More »Market Outlook: Fed Speaks, UK’s Inflation Spotlight, and ECB’s Anticipated Rate Pause
The release of lower-than-expected U.S. Consumer Price Index (CPI) or inflation data has significantly impacted currency markets. The U.S. Dollar weakened overnight as most currencies strengthened against it, though the Dollar managed to recover slightly. The market now awaits further… Read More »Soft U.S. Inflation Weakness the Dollar, Investors Await PPI Data
The recent UK GDP data showed that the U.K. economy is back to growth, expanding faster than expected in May. The GBP/USD pair holds steady above 1.2850, with traders eagerly awaiting the upcoming U.S. inflation figures. UK GDP Data Shows… Read More »GBP/USD Holds Steady Post UK GDP Data; Traders Anticipate U.S. Inflation Figures
In the recent Powell testimony before Congress, Federal Reserve Chair Jerome Powell emphasized that maintaining high-interest rates for an extended period could jeopardize economic growth. This statement has captured the attention of traders and investors, highlighting the delicate balance the… Read More »Powell Testimony Highlights Potential Risks of Prolonged High Rates
The recent fluctuations in Bitcoin price have captured the attention of crypto investors. With Bitcoin (BTC) briefly touching the $58K mark and top altcoins rallying in tandem, market optimism is on the rise. This article provides an in-depth analysis of… Read More »Bitcoin Price Movements Analysis
This week, we are unpacking UK GDP, US Inflation, and Powell Testimony. Last week’s fireworks weren’t just limited to Independence Day, UK’s elections and Labour Party’s victory. The S&P 500 ($SPX) hit a new all-time high, and Tesla (TSLA) zoomed… Read More »Market Insights – Unpacking UK GDP, US Inflation, and Powell Testimony
The British Pound has surged following a significant Labour Party victory, and traders are eagerly anticipating the US Nonfarm Payrolls report, which could shift market dynamics further. Below, we break down the key movements and what they mean for traders.… Read More »Pound Rises After Labour Victory as Traders Eye US Nonfarm Payrolls
Today’s economic data releases have had a significant impact on the markets, particularly affecting the US dollar. Key reports included the ADP Non-Farm Employment Change, Unemployment Claims, and ISM Services PMI. The disappointing figures from both the ADP and PMI… Read More »Weak ADP and PMI Data Trigger US Dollar Sell-Off
