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.
Today, the Euro to Dollar (EURUSD) exchange rate has been hovering around the 1.0600 mark, following the release of mixed US personal consumption expenditures (PCE) data. TradingView The EURUSD saw a slight increase of 0.20%, or +0.0021, to stand at… Read More »EURUSD Hovers Around 1.0600 After Mixed US PCE Data
As mortgage rates rise toward 7% over the coming months, Mr. Yun predicted a slow market for the rest of the year. This almost guarantees a continuation of the decline in home sales, possibly through the first half of 2023… Read More »US Pending Home Sales Plummet 24% in August
Following the announcement of the US CPI y/y – GBP, all eyes will be on the CPI y/y – GBP. The headline CPI print was 8.3% year on year, compared to a forecast of 8.1% year on year and a… Read More »Mid-Week Watchlist: UK & US CPI Releases
The EUR/USD exchange rate is struggling below 1.05500 following the release of the US Durable Goods Orders data. The better-than-expected US Durable Goods Orders data has preserved the USD strength preventing the EUR/USD pair from staging a rebound. EUR USD… Read More »Dollar Rally Gains Momentum, Puts Pressure on EURUSD
The EUR/USD pair is currently trading below the 1.0600 level, reflecting a market that is evidently risk-averse amidst disappointing US consumer confidence data and looming fears of a possible recession. The single European currency has been under pressure, remaining in… Read More »EURUSD Trades Below 1.0600 After Disappointing U.S. Consumer Confidence Data, New House Sales Decline
The Bank of Japan (BOJ) has announced its decision to maintain the status quo on interest rates and bond yield targets, amidst a backdrop of global economic uncertainty. The announcement came after the BOJ’s monetary policy meeting held on September… Read More »Yen Weakens As BOJ Halts Rate Hikes
Investors were taken by surprise as UK inflation figures revealed a sharper decline than anticipated, causing the GBP/USD exchange rate to drop to its lowest point in almost four months. Inflation unexpectedly fell to 6.7% instead of the estimated 7.1%,… Read More »GBPUSD Falls After Softer-than-expected UK Inflation Data, Focus FOMC
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
