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.
As US inflation data finally starts to show a major reduction, the Forex market has had a very strong reversal over the past week, with the US Dollar sharply falling and stock markets surging strongly. USD/JPY, EUR/USD, GBP/USD, XAU/USD The stronger-than-expected… Read More »USD Weekly Forecast: USD/JPY, EUR/USD, GBP/USD, XAU/USD
The EUR/GBP currency pair has been trading with considerable volatility following a strong recovery. Meanwhile, stocks in the FTSE 100 have experienced a drop after Bank of England Governor, Andrew Bailey, hinted at continued restrictive monetary policy. FTSE 100 Stocks… Read More »EUR/GBP Pair Trades Volatile, FTSE 100 Stocks Drop After Bailey Speech
EUR/USD Experiences Decline The EUR/USD pair has experienced a decline, hitting the 1.0600 mark after previously achieving a two-week high above 1.0630. The EUR/USD pair’s daily chart illustrates that it has registered a higher peak and a higher trough, even… Read More »EUR/USD Trades Above 1.0600 Amid Hot PPI Data, FOMC Minutes, CPI Awaited
Stocks defied odds and surged higher on Monday, overcoming concerns about rising interest rates and inflation. The Dow Jones Industrial Average climbed 0.6%, gaining almost 200 points, while the S&P 500 saw a similar increase. The Nasdaq Composite also experienced… Read More »Stock Market Recap: Dow Jones and S&P 500 Bounce Back Despite Geopolitical Tensions
Before another week of potentially market-moving events, including corporate results, midterm elections, and inflation data, it was the third straight day of advances for the major indices. Highlights Wall Street experienced a new high on Election Day as equities rose… Read More »Update: US Stock Markets Surge Ahead of Midterm Elections
The EUR/USD pair suffered a significant drop on Tuesday, reaching a fresh low for 2023 near 1.0450 before experiencing a modest rebound. The slump came in response to the unexpected increase in U.S job openings in August, which led to… Read More »EUR/USD Drops To A New Low After JOLTS Report, Dollar Strengthens
Today, the Euro to Dollar (EURUSD) exchange rate has been hovering around the 1.0600 mark, following the release of mixed US personal consumption expenditures (PCE) data. TradingView The EURUSD saw a slight increase of 0.20%, or +0.0021, to stand at… Read More »EURUSD Hovers Around 1.0600 After Mixed US PCE Data
As mortgage rates rise toward 7% over the coming months, Mr. Yun predicted a slow market for the rest of the year. This almost guarantees a continuation of the decline in home sales, possibly through the first half of 2023… Read More »US Pending Home Sales Plummet 24% in August
