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.
Bitcoin has settled at around $24k – that’s only 4.39% from its all-time high of 25.2K! With 24hr trading volumes topping 39 billion and with an impressive 11%.74 increase since last weeks low point; it looks like BTC still hasn’t… Read More »Bitcoin Surges, Dollar Jumps, Stocks Drop On Rate Hike Fears
January saw a surprise drop in UK inflation, bringing cheer to investors who had been expecting more. Core and services costs – which the Bank of England keep an eye on – fell sharply too. Sterling took a dip as… Read More »UK Inflation Drops in Jan, US Retail Sales Surge By 30%
Prices continued to rise in January, as the consumer price index report released this week indicates that inflation increased by 0.5%, up 6.4% from 2022! Even more surprising was the “super core” services sector where prices were 4% higher than… Read More »Inflation Climbs As Investors Await Retail Sale Data Release
Key Events This Week Movers Wall Street saw an uplifting day as stocks soared across the board, following indications that American’s expectations of household incomes dropping could lead to positive economic news on Tuesday. With every sector but energy in… Read More »Stocks Gain, Bitcoin Struggles at $21K Amid Key CPI Data
After an optimistic start this week following the Federal Reserve meeting, progress has been stifled by a resurgent US dollar. Investors remain wary of risky assets as they wait to gauge how further market sentiment will be affected. What To… Read More »US CPI Data Release Important This Week – Keep An Eye
The USD/CAD is headed downhill, giving up some impressive gains from the day before. After reaching a high of 1.3460, this pair has dropped back to reality and now sits just below its daily low at the edge of 1.3400… Read More »USD/CAD Falls Amid A Weak USD
The Federal Reserve Chair, Jerome Powell, has warned that further interest rate hikes may be necessary if strong labor market data continues. He acknowledged the progress on inflation but stated it could take time to bring it down. The US… Read More »Dollar Falls, Stocks Up Post-Powell Speech and Hawkish RBA
The RBA increased its cash rate by an anticipated 25 basis points on Tuesday and hinted at further rate increases. Following the RBA rate decision, the dollar’s rallying trend ends. Bitcoin has been ranging between $22,800 and $23,000 over the… Read More »AUD Beats USD After RBA Rate Hike; Bitcoin Retests 21K Mark
On Tuesday, Jerome Powell, the head of the Federal Reserve, will deliver a speech at the Economic Club of Washington, D.C. This week’s main earnings calendar event will be Disney’s first report since Bob Iger took over as CEO, Robinhood… Read More »Stock Markets, Major Earnings Reports As Powell Speak
In today’s fast-paced world of finance and technology, having the right tools at your disposal is essential for success in currency trading. With the ever-evolving market trends, it’s important to stay ahead of the curve and make informed decisions. That’s… Read More »Powerful Smart Tools For Forex Trading