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.
In a surprising turn of events, EUR/USD has rebounded above the crucial 1.0850 level. This surge comes after the US released its August PMI data, which fell short of expectations. Adding to the USD’s woes, Wall Street’s positive momentum is… Read More »EUR/USD Surges on Disappointing PMI Data, Stocks Rise
In today’s market news, Monday is expected to be a relatively quiet day with limited economic releases and major events. However, investors will still keep an eye on several key indicators and events scheduled for the upcoming days. 📢 Market… Read More »Market Analysis: Currency Updates, Focus Powell and Lagarde Speeches, Jackson Hole Symposium
🌧️ Inclement Weather Dampens UK Retail Sales, but Online Shopping Soars! 🛒💻 💥💻 Consumers prefer online shopping. 🛍️🌧️Wet weather causes grocery stores to record reduced sales in both clothing and food categories. 📊💸 Fluctuations in sales can have broader implications… Read More »Inclement Weather Dampens U.K. Retail Sales, Online Shopping Soars, Pound Struggles, Euro Rebounds
📉 Stocks tumble on concerns about China’s economic slowdown and uncertainty over the Federal Reserve’s interest rate policy. 🌟 Dow Jones Industrial Average falls 0.5%, S&P 500 drops 0.8%, and Nasdaq Composite declines 1.15%. 😰 Investor anxiety driven by worries… Read More »Stocks Tumble as Concerns Over China and the Fed Drag Down Markets, Focus:Jackson Hole Economic Symposium
Inflation in Britain has reached its slowest pace in over a year, driven by a significant decrease in food and energy prices. While this is good news for consumers, the price of services remains high, which may prompt the Bank… Read More »Inflation in Britain Hits Yearly Low of 6.8%, GBP/USD Experiences a Sudden Jump
According to data from the Australian Bureau of Statistics (ABS), wage growth in Australia remained steady in the June quarter, but annual pay awards slowed unexpectedly. This has sparked hopes that inflationary pressures are weakening, making a case against further… Read More »Australian Wage Growth Slows in June Quarter, Reducing Inflationary Pressure
August 15, 2023 The highly anticipated UK Labour Market Overview is out today, with all eyes on wage growth. Will we see a boost in wages that could shape the Bank of England’s future policy direction? Highlights The latest statistical… Read More »UK Labor Market Presents Complex Picture, GBP/USD Faces Headwinds From a Negative Market Sentiment
Key Indicators and Forecasts That Could Affect Currency Markets As the global economy continues to navigate through various challenges, investors and analysts are keeping a close eye on key economic events that could impact currency markets. This week is packed… Read More »Market Analysis: Economic Events to Watch This Week
Wall Street suffered losses on Friday as tech and growth stocks tumbled following higher-than-expected producer prices for July, causing U.S. bond yields to rise. The U.S. producer price index (PPI) rose by 0.8% in the 12-month period leading up to… Read More »EURUSD Fails To Reclaim 1.1000, Tech-heavy Stocks Fall On Hot Producer Prices, UK Posts Positive GDP Figures
Despite a strong rally, EUR/USD failed to breach the key resistance level of 1.1000 and has pulled back slightly. With no significant economic reports on the horizon, the pair remains sensitive to shifts in investor confidence. The upcoming US inflation… Read More »EUR/USD Fails To Breach 1.1000 in Volatile Trading, Eyes on Key CPI Data