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 EUR/USD currency pair is gaining strength above a key level as the US dollar struggles.♻️ Market sentiment has been dampened by concerns over underwhelming Chinese data, Beijing’s restrictions on metals exports, and ongoing monetary tightening by major central… Read More »UK Job Data, Bailey Speech, BOC Rate Report, US CPI Data
FOMC Minutes Boost US Dollar as Rate Hike Debate Divides Officials The Federal Open Market Committee (FOMC) has released the minutes from its June meeting, causing a surge in the value of the US Dollar. Some members of the FOMC… Read More »EU vs USD: Bears Near Abyss Amid Hawkish FOMC Minutes
The EUR/USD currency pair staged a recovery following the release of weak US data, reclaiming levels above 1.0900 during the American session. Despite the calmness in the market due to US holidays, investors are now turning their attention to nonfarm… Read More »GBP/USD Stalls, EUR/USD Rises on Weak US Data
The Australian Dollar initially showed strength today, accompanied by a rise in growth-focused assets. This positive start to the week was fueled by a tremendous 20.6% month-on-month increase in building approvals for May, surpassing expectations. However, the currency struggled to… Read More »AUD Fails to Rise Despite Market Optimism: EUR/USD Pullback
📊 Bitcoin stays strong above $30,000 despite Biden’s push to close crypto tax loopholes. 📈 Surpassing Expectations: US Data and PCE in Focus 💸 As US Treasury yields soar, USD/JPY continues to climb 🤑 USD/JPY on the Rise as it… Read More »Bitcoin and Cryptos Set Rally, Home Sales Drop by 2.7%
Trading in Forex can be a daunting task, especially if you are just starting out. Are you new to forex trading and feeling overwhelmed by all the jargon involved? Many traders have difficulty understanding the idea of lot size in Forex… Read More »What Is A Lot In Forex? Your 2023 Forex Trading Guide
The Canadian inflation has recently decelerated as predicted by investors, causing a rapid surge in USD/CAD towards the 1.3180 range. The decline can be attributed to weak oil prices heavily affecting the Canadian Dollar. Statistics Canada has reported that May’s… Read More »Canadian Inflation Slows, Durable Goods Data Disappoints
On Thursday, the US dollar and Treasury yields rose due to Federal Reserve Chair Jerome Powell’s remarks suggesting the need for more US interest rate hikes to manage inflation alongside the Bank of England’s (BoE) larger-than-expected rate hike. Despite the… Read More »Dollar and Yields Rise as Powell’s Remarks and BoE Rate Hike
📈 Get ready for a week of market action in forex and currency as central bank speeches and economic data take center stage. 💶 Will the Fed continue to cool the bull run in the S&P 500 and Nasdaq? 💷 … Read More »Weekly Market Updates: Currencies, Stocks, Gold, Cryptos
US retail sales rose by 0.3% in May, surpassing market expectations of a 0.1% decline. Retail sales excluding autos also rose by 0.1% above expectations. While these numbers are impressive, they were offset by the latest Jobless Claims data. As… Read More »US Retail Sales Exceed Expectations
