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 the ever-evolving world of cryptocurrencies, Bitcoin continues to be the flagbearer. Its price movements have been a subject of great interest and speculation among investors and enthusiasts alike. Currently, Bitcoin’s price seems to have reached a state of stagnation,… Read More »The Stagnant State of Bitcoin Price in 2023: Analysis and Outlook
Trading View The US services sector continued its growth streak in August, marking eight consecutive months of expansion, according to the latest Services ISM Report On Business. With the sector showing signs of strength, the dollar has gained momentum and… Read More »Strong ISM Data Boosts Dollar, Sends Euro Tumbling, BOC Keeps Policy Rate at 5%
At its recent meeting, the Reserve Bank of Australia (RBA) decided to keep the cash rate target unchanged at 4.10% and the interest rate paid on Exchange Settlement balances at 4.00%. This marks the fourth consecutive month without a change… Read More »Reserve Bank of Australia Maintains Cash Rate at 4.10% With No Impact on AUDUSD
Investors are eagerly anticipating GameStop’s earnings report, which is scheduled to be released on September 6, 2023. There are expectations that the report will provide insights into the company’s financial performance for the second quarter. Analysts forecast EPS growth of… Read More »Market Updates: Investors Expectations Ahead of GameStop’s Earnings Report and the Potential of C3.ai Stock
In the latest report, the US unemployment rate rose unexpectedly to 3.8% in August, while nonfarm payroll employment saw an increase of 187,000 jobs. This data indicates a mixed picture for the US labor market, with job growth but also… Read More »Unemployment Rate Rises to 3.8% as Nonfarm Payroll Employment Increases by 187,000 in August
In the latest releases by the Bureau of Economic Analysis (BEA), it was revealed that the Personal Consumption Expenditures (PCE) price index, excluding food and energy, increased by 0.2 percent in July. This moderate rise in prices reflects the ongoing… Read More »Core PCE Price Index Shows Moderate Increase in July
Trading View Grayscale Investments emerges victorious in its lawsuit against the SEC, with the federal appeals court ruling that the SEC’s denial of Grayscale’s cryptocurrency fund application was unjust. This decision has led to a surge in cryptocurrency prices, particularly… Read More »Bitcoin Surges After Court Rules in Favor of Cryptocurrency E.T.F.
According to the latest Job Openings and Labor Turnover Survey (JOLTS) report released by the U.S. Bureau of Labor Statistics, the number of job openings edged down to 8,827,000(p) in July 2023. This indicates a slight decline compared to the… Read More »Disappointing JOLTS Report and Weak Consumer Sentiment Sends the Dollar Index Downwards
Do you want to make smarter trades in the Forex market? If so, it’s important to understand what a pip is and how they affect your profits. A pip is a unit of measurement within the Foreign Exchange (Forex) markets that shows traders… Read More »What is a Pip in Forex? Your 2023 Forex Trading Guide
📢 Steady Momentum for EUR/USD! 📈 💪 EUR/JPY Seeks Further Gains ⚖️ GBP/USD Finds Support ✨ Gold Holds Steady 📊 Upcoming Economic Data Releases 💼 Central Bank Decisions 🕊️ Dust Settles on Jackson’s Hole Symposium 🎙️ Don’t Miss RBA Designate… Read More »EUR/USD Stabilizes as Investors Anticipate Key Data Updates, Focus: Nonfarm Payrolls, (PCE) Price Index