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.
As the week begins, forex traders and investors turn their attention to several key events that are set to impact the global foreign exchange markets. The economic calendar is packed and the focus will be on the Federal Open Market… Read More »Market Analysis: Busy Week With Focus on FOMC, BOE, and Eurozone
September 15, 2023 On Thursday, the stock market experienced a rally as traders analyzed strong U.S. retail sales and Producer Price Index (PPI) data. The positive figures raised expectations of an imminent Federal Reserve interest rate hike next week. The… Read More »Stock Rally After Strong U.S. Data: ARM Stock Up 25% After IPO
The EUR/USD market has experienced a reaction with the euro (EUR) declining against the US dollar (USD). The exchange rate currently stands at 1.0667, reflecting a decrease of 0.0061 or 0.57%. The market reaction to the EUR/USD pair is influenced… Read More »EURUSD Sinks Following ECB Rate Hike, Strong U.S. Data
The Office for National Statistics (ONS) recently released a statistical bulletin titled “Labour market overview, UK: September 2023,” providing valuable insights into the state of the UK labor market. One significant measure discussed in the report is the Claimant Count… Read More »Understanding the Claimant Count Change, GBPUSD Falls After Mixed UK Labor Market Data
As we enter the second week of September, traders across the globe are gearing up for a series of important economic events that have the potential to influence market trends and shape investment strategies. With a mix of data releases… Read More »Market Overview: Focus Key U.S. Inflation Data(CPI), PPI and ECB Rate Announcement
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
