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 Dow Jones fell approximately 40 points on Monday, sending US equities marginally down this morning. The Dow slipped 0.12% to 33,719.99, while the NASDAQ dropped 0.28% to 13,011.21. The S&P 500 likewise dipped, falling 0.30% to 4,267.13. On Monday,… Read More »Weekly Watchlist: Dow Drops 0.2% Amid Growth Concerns
US Dollar Fluctuations: Chinese GDP Falls Short of Projections, Sparks Worries over Economic Revival 💡 As the new week kicks off, the performance of the US Dollar hangs in the balance, while lackluster Chinese GDP figures compound concerns regarding the… Read More »Market Analysis: Stocks, Gold, Currencies, Crypto Highlights
There’s caution in the air regarding the EUR/USD forecast as a potential correction may be on the horizon. The pair witnessed a new high above 1.1200, but technical indicators are flashing signals of overbought conditions. Weekend trading could hinder further… Read More »EUR/USD Predictions: Caution Advised for a Potential Pullback
If the US inflation statistics released on Wednesday reveal a further acceleration, strategists predict that the dollar has room to increase gains, and stocks are likely to continue declining. Other predictions include a further inversion of the US yield curve,… Read More »USD to rise as market awaits inflation cooldown
✔️ The EUR/USD currency pair is gaining strength above a key level as the US dollar struggles.♻️ Market sentiment has been dampened by concerns over underwhelming Chinese data, Beijing’s restrictions on metals exports, and ongoing monetary tightening by major central… Read More »UK Job Data, Bailey Speech, BOC Rate Report, US CPI Data
FOMC Minutes Boost US Dollar as Rate Hike Debate Divides Officials The Federal Open Market Committee (FOMC) has released the minutes from its June meeting, causing a surge in the value of the US Dollar. Some members of the FOMC… Read More »EU vs USD: Bears Near Abyss Amid Hawkish FOMC Minutes
The EUR/USD currency pair staged a recovery following the release of weak US data, reclaiming levels above 1.0900 during the American session. Despite the calmness in the market due to US holidays, investors are now turning their attention to nonfarm… Read More »GBP/USD Stalls, EUR/USD Rises on Weak US Data
The Australian Dollar initially showed strength today, accompanied by a rise in growth-focused assets. This positive start to the week was fueled by a tremendous 20.6% month-on-month increase in building approvals for May, surpassing expectations. However, the currency struggled to… Read More »AUD Fails to Rise Despite Market Optimism: EUR/USD Pullback
📊 Bitcoin stays strong above $30,000 despite Biden’s push to close crypto tax loopholes. 📈 Surpassing Expectations: US Data and PCE in Focus 💸 As US Treasury yields soar, USD/JPY continues to climb 🤑 USD/JPY on the Rise as it… Read More »Bitcoin and Cryptos Set Rally, Home Sales Drop by 2.7%
