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 EUR/USD exchange rate is struggling below 1.05500 following the release of the US Durable Goods Orders data. The better-than-expected US Durable Goods Orders data has preserved the USD strength preventing the EUR/USD pair from staging a rebound. EUR USD… Read More »Dollar Rally Gains Momentum, Puts Pressure on EURUSD
The EUR/USD pair is currently trading below the 1.0600 level, reflecting a market that is evidently risk-averse amidst disappointing US consumer confidence data and looming fears of a possible recession. The single European currency has been under pressure, remaining in… Read More »EURUSD Trades Below 1.0600 After Disappointing U.S. Consumer Confidence Data, New House Sales Decline
The Bank of Japan (BOJ) has announced its decision to maintain the status quo on interest rates and bond yield targets, amidst a backdrop of global economic uncertainty. The announcement came after the BOJ’s monetary policy meeting held on September… Read More »Yen Weakens As BOJ Halts Rate Hikes
Investors were taken by surprise as UK inflation figures revealed a sharper decline than anticipated, causing the GBP/USD exchange rate to drop to its lowest point in almost four months. Inflation unexpectedly fell to 6.7% instead of the estimated 7.1%,… Read More »GBPUSD Falls After Softer-than-expected UK Inflation Data, Focus FOMC
As the week begins, forex traders and investors turn their attention to several key events that are set to impact the global foreign exchange markets. The economic calendar is packed and the focus will be on the Federal Open Market… Read More »Market Analysis: Busy Week With Focus on FOMC, BOE, and Eurozone
September 15, 2023 On Thursday, the stock market experienced a rally as traders analyzed strong U.S. retail sales and Producer Price Index (PPI) data. The positive figures raised expectations of an imminent Federal Reserve interest rate hike next week. The… Read More »Stock Rally After Strong U.S. Data: ARM Stock Up 25% After IPO
The EUR/USD market has experienced a reaction with the euro (EUR) declining against the US dollar (USD). The exchange rate currently stands at 1.0667, reflecting a decrease of 0.0061 or 0.57%. The market reaction to the EUR/USD pair is influenced… Read More »EURUSD Sinks Following ECB Rate Hike, Strong U.S. Data
The Office for National Statistics (ONS) recently released a statistical bulletin titled “Labour market overview, UK: September 2023,” providing valuable insights into the state of the UK labor market. One significant measure discussed in the report is the Claimant Count… Read More »Understanding the Claimant Count Change, GBPUSD Falls After Mixed UK Labor Market Data
As we enter the second week of September, traders across the globe are gearing up for a series of important economic events that have the potential to influence market trends and shape investment strategies. With a mix of data releases… Read More »Market Overview: Focus Key U.S. Inflation Data(CPI), PPI and ECB Rate Announcement
In the ever-evolving world of cryptocurrencies, Bitcoin continues to be the flagbearer. Its price movements have been a subject of great interest and speculation among investors and enthusiasts alike. Currently, Bitcoin’s price seems to have reached a state of stagnation,… Read More »The Stagnant State of Bitcoin Price in 2023: Analysis and Outlook