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.
Trading in Forex can be a daunting task, especially if you are just starting out. Are you new to forex trading and feeling overwhelmed by all the jargon involved? Many traders have difficulty understanding the idea of lot size in Forex… Read More »What Is A Lot In Forex? Your 2023 Forex Trading Guide
The Canadian inflation has recently decelerated as predicted by investors, causing a rapid surge in USD/CAD towards the 1.3180 range. The decline can be attributed to weak oil prices heavily affecting the Canadian Dollar. Statistics Canada has reported that May’s… Read More »Canadian Inflation Slows, Durable Goods Data Disappoints
On Thursday, the US dollar and Treasury yields rose due to Federal Reserve Chair Jerome Powell’s remarks suggesting the need for more US interest rate hikes to manage inflation alongside the Bank of England’s (BoE) larger-than-expected rate hike. Despite the… Read More »Dollar and Yields Rise as Powell’s Remarks and BoE Rate Hike
📈 Get ready for a week of market action in forex and currency as central bank speeches and economic data take center stage. 💶 Will the Fed continue to cool the bull run in the S&P 500 and Nasdaq? 💷 … Read More »Weekly Market Updates: Currencies, Stocks, Gold, Cryptos
US retail sales rose by 0.3% in May, surpassing market expectations of a 0.1% decline. Retail sales excluding autos also rose by 0.1% above expectations. While these numbers are impressive, they were offset by the latest Jobless Claims data. As… Read More »US Retail Sales Exceed Expectations
May 2023 saw significant growth in employment in Australia, with a whopping 75.9k new jobs added – far surpassing the predicted 17.5k. This surge has positive implications for the economy, particularly consumer spending. The Australian dollar is on the rise,… Read More »Aussie Job Boom: 75.9k Employment Increase, Boosts AUD/USD
Highlights Prepare for a big week in the markets with major currency pairs fluctuating within narrow ranges. The US economic sector has no high-impact releases today, but Tuesday will see the release of the Consumer Price Index (CPI) data for… Read More »Markets Event: U.S. CPI, Rates, PPI, Tesla Surge, and More
With a relatively quiet economic calendar, investors are already looking ahead to next week’s potential market-moving events. All eyes are on the US inflation data on Tuesday and the Fed decision on Wednesday. These events could set the tone for… Read More »Weekend Preview: Focus on US Inflation Data and Fed Decision
Australia caused shockwaves in the market two days ago with its unexpected rate increase to 4.1%, and Canada has just followed in its footsteps. The Bank of Canada has raised its overnight rate to 4.75%, the highest it has been… Read More »USD/CAD Plunges to 1.3350 as BoC Soars Rate to 4.75%
After catching the market off-guard with a 25 basis points (bps) rate hike in May, the Reserve Bank of Australia (RBA) made another unexpected move in June by raising the Official Cash Rate (OCR) by 25 bps to 4.10%. This… Read More »RBA Rate Hike to 4.10% in June: AUD/USD and AUD/JPY Rise Too