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.
Bitcoin traders were taken aback on November 9th as the cryptocurrency‘s value spiked, nearing the $37,000 mark. The BTC/USD pair rose past $36,000 after the daily close, and at one point hit $36,864 on Bitstamp, its highest level since early… Read More »Bitcoin Surges Towards $37,000 Amid Market Speculation
The Australian dollar took a nosedive, becoming the poorest performer among its peers with a 0.8% drop following the Reserve Bank of Australia’s (RBA) anticipated interest rate hike. This move signalled a potentially tougher inflation outlook. This hike was largely… Read More »AUD/USD Falls After RBA Interest Rate Hike, EUR/USD Struggles Amid Dollar Recovery
GBP/USD Consolidation Phase The GBP/USD pair has transitioned into a consolidation stage, having recently come up against the 1.2200 barrier. As the Bank of England’s (BoE) ‘Super Thursday’ looms, Pound Sterling bulls are hitting pause, bracing themselves for the impending… Read More »GBP/USD Holds Steady Below 1.2200 as Market Eyes Bank of England’s ‘Super Thursday’
Gold prices are having a hard time maintaining a position above the $2,000 mark ahead of the release of the US Consumer Confidence Index data. The robust stance of the US dollar against its competitors is making it challenging for… Read More »EUR/USD Falls After Consumer Confidence Index Data, Gold Struggles to Maintain $2,000
The fall late last week from near crucial resistance indicates that the EUR/USD’s rise may have peaked. The pair momentarily rallied over immediate resistance at the early-October high near parity, coinciding with the top boundary of an April falling channel… Read More »Weekly Forecast: EUR/USD Bearish, Yen in Turmoil
Gold Confirms Bull Flag, Attempts to Reclaim $2,000 Mark Gold Capitalizes on Global Risk Aversion Gold is building on the previous upswing early Thursday, capitalizing on broad risk-aversion, as Middle East tensions grab attention once again. XAU/USD price is paying… Read More »Gold Attempts $2000, AUD/USD Plummets, EUR/USD Struggles Ahead of ECB Decision
The Euro’s Falls The EUR/USD pair experienced a significant downfall, dipping below 1.0600 on Tuesday. This drop is primarily attributed to the strengthening of the US Dollar, which has been outperforming its rivals, thanks to the rise in the Manufacturing… Read More »EUR/USD Plunges Amid USD Rally, Gold Recovers $1.970
China’s economic growth exceeded expectations and the US dollar weakened as investors worried over world economics. The UK is currently in recession, but China managed to do better than expected with their third-quarter GDP data showing resilience during this time… Read More »Weekly Forex Outlook: DXY, NZD/USD, GBP/USD
The EUR/USD pair has been showing limited fluctuations, maintaining stability around 1.0550 during the European session on Thursday. This stagnation is attributed to a wary market atmosphere and anticipation of upcoming US data releases and Federal Reserve Chairman Powell’s speech.… Read More »EUR/USD Remains Stable as Markets Anticipate Powell’s Speech
