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 US stock and bond markets will be closed in observance of Thanksgiving Day, which might make it challenging for EUR/USD to find a clear direction leading up to the weekend. EUR/USD Gains Amid Positive Eurozone Data EUR/USD is maintaining… Read More »EUR/USD and GBP/USD Performance Amid Positive PMI Data
As we start the new trading week on Monday, 20th November 2023, it’s crucial to understand that global events significantly impact the forex market. From geopolitical incidents to economic policy shifts, these events can quickly and dramatically influence currency values.… Read More »Central Bank Leaders Take the Spotlight: Anticipating a Week of Key Speeches and Their Potential Effects on Forex Markets
In the European trading session on Wednesday, GBP/USD underwent a moderate bearish pressure, leading to its decline below 1.2500. A marked softening in the annual CPI inflation from 6.7% in September to 4.6% in October resulted in Pound Sterling losing… Read More »The GBP/USD Decline After Soft UK Inflation Data: EUR/USD In Overbought Territory
the upcoming week promises to be eventful with numerous key economic data releases. These events have the potential to cause shifts in the financial markets and influence investment decisions. By keeping a close eye on these events, investors can make… Read More »Market Analysis and Events Through a Financial Lens
Bitcoin traders were taken aback on November 9th as the cryptocurrency‘s value spiked, nearing the $37,000 mark. The BTC/USD pair rose past $36,000 after the daily close, and at one point hit $36,864 on Bitstamp, its highest level since early… Read More »Bitcoin Surges Towards $37,000 Amid Market Speculation
The Australian dollar took a nosedive, becoming the poorest performer among its peers with a 0.8% drop following the Reserve Bank of Australia’s (RBA) anticipated interest rate hike. This move signalled a potentially tougher inflation outlook. This hike was largely… Read More »AUD/USD Falls After RBA Interest Rate Hike, EUR/USD Struggles Amid Dollar Recovery
GBP/USD Consolidation Phase The GBP/USD pair has transitioned into a consolidation stage, having recently come up against the 1.2200 barrier. As the Bank of England’s (BoE) ‘Super Thursday’ looms, Pound Sterling bulls are hitting pause, bracing themselves for the impending… Read More »GBP/USD Holds Steady Below 1.2200 as Market Eyes Bank of England’s ‘Super Thursday’
Gold prices are having a hard time maintaining a position above the $2,000 mark ahead of the release of the US Consumer Confidence Index data. The robust stance of the US dollar against its competitors is making it challenging for… Read More »EUR/USD Falls After Consumer Confidence Index Data, Gold Struggles to Maintain $2,000
The fall late last week from near crucial resistance indicates that the EUR/USD’s rise may have peaked. The pair momentarily rallied over immediate resistance at the early-October high near parity, coinciding with the top boundary of an April falling channel… Read More »Weekly Forecast: EUR/USD Bearish, Yen in Turmoil
