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.
On Thursday, the dollar rose against the euro as data revealed the US economy’s continued strong growth in the fourth quarter, supporting the Federal Reserve’s potential prolonged hawkish stance. The Commerce Department’s advance estimate indicated that GDP grew at an annualized rate… Read More »Dollar Rises On New Data Indicating Fed’s Hawkish Stance
Before a busy day of earnings that will give investors an idea of how major corporations are coping with an economic downturn and increased interest rates, global stocks and stock futures declined on Wednesday. On Wednesday, gold prices remained stable,… Read More »Global Stocks Decline: BoC, BoE, RBA Battle Inflation
Demo trading can be an invaluable tool for any trader in any market. Forex demo trading is an essential step for anyone looking to become successful in the Forex market. It provides a risk-free environment where you can practice… Read More »Demo Trading: An Introduction to Forex Success In 2023
The US Dollar experienced fluctuations before stabilizing on Wednesday. Meanwhile, the AUD, NZD, and JPY have been impacted by recent data and news. The Federal Reserve’s direction is clear, but the extent and speed of their actions remain uncertain. The US Dollar recovered from… Read More »US Dollar Rebounds Amidst Recession Concerns
Are you familiar with forex and curious about different types of forex orders? Or are you a new trader just getting started on your journey through the fascinating world of foreign exchange markets? Investing in the Forex market can involve a… Read More »Types of Forex Orders For 2023 Trading: All You Need To Know
October 18,2022 The RBA Board of Directors voted to raise the cash rate target by 25bp, to 2.60 percent. The interest rate on Exchange Settlement balances was also raised by 25bp to 2.50 percent. The Board of Directors has raised… Read More »RBA Raises Cash & Settlement Rates by 25bps to 2.60% & 2.50%
US, Europe, and Asian-pacific markets all saw a tremendous improvement to the past week’s percentages higher. As bond yields and the USD fell, gold prices increased 2.93% in the strongest week since April 2022. As the Gold price was stagnating,… Read More »Markets Edge Higher Ahead of Davos 2023
USD/JPY The yen has been significantly under pressure with USD/JPY staring at new highs as it continues on an ascending trend, making higher highs. It seems prepared to surpass the 24-year high reached last week. With the price crossing back… Read More »The Fall Of The Yen As The USD/JPY And EUR/JPY Uptick
The U.S. stock prices climbed on Monday after gains in Europe and Asia following China’s easing restrictions. Investors expect an increase in interest rates despite crude oil selling at $120 per barrel in the coming days. The dollar gained marginally… Read More »Stocks Rise Amidst Crude Oil Hitting $120 per Barrel
Headlines On Tuesday, stocks soared as Wall Street built on a strong rally from the previous session and bond yields continued to decline. Adding 825.43 points, or 2.8%, to reach 30,316.32, the Dow Jones Industrial Average increased. Nearly 3.1% more… Read More »Stocks: Dow Up 1.5K, S&P 500 +5.7% RBNZ Move, Job Data