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 Australian Dollar took a hit amid a disappointing employment report that revealed a surge in the unemployment rate. However, this unexpected turn of events could alleviate rising price pressures, preventing the RBA from raising interest rates in June. In… Read More »AUD/USD: Weak Jobs Data May Help RBA; What’s Ahead for AUD?
The US Dollar has had an exceptional week, seeing some of the strongest gains this year. This came after the CPI and consumer inflation expectations eased, which led to a decrease in expectations for a Fed rate cut. Moving forward,… Read More »Market Updates Amid Looming U.S. Debt Crisis
The latest report on the consumer price index shows a 0.4% increase in the past month, primarily driven by higher costs in housing, used vehicles, and gasoline. This growth aligns with the projections of Wall Street experts. The annual inflation… Read More »CPI Report: April Inflation at 4%, Below Expectations
Following reports of congestion on the Bitcoin network, bitcoin and ether both saw a significant drop in value this week. At Monday’s close, it was estimated that the price of bitcoin had decreased 5.3% from $27,420 to $26157.73; Meanwhile, cryptocurrency… Read More »Bitcoin Drops Below $28K on Binance Withdrawal Pause
The US Dollar has been left treading water in the face of positive economic developments, as investors remain wary. Market sentiment is elevated on expectations that a soft landing for America’s economy may be possible – yet this hasn’t helped… Read More »Dollar Performance Post-JOLTs, Pre-CPI, PPI, BOE
The European Central Bank will make a major policy announcement at 12.15pm, with President Christine Lagarde addressing the press in confirmation immediately afterwards at 12.45pm. The European Central Bank is contemplating a hike in its already-rising benchmark rate leading to… Read More »ECB Predicted To Raise Rate In Bid To Curb Inflation
RBA Interest Hike The Reserve Bank of Australia has made another move to increase the official cash rate today, bringing it up from 3.6 per cent to an 11-month high of 3.85 per cent – the biggest jump since 2022… Read More »Talking Points Pre-Fed, ECB, and RBA Statements
Investors were positively surprised when Meta Platforms Inc. saw a dramatic 11.6% surge in their stock after the social networking giant reported stronger-than-expected profits amid expectations of rising sales growth this year. The company capitalized on skyrocketing net earnings of… Read More »Meta Stock Price Soars as Facebook Predicts Revenue Boost
On Tuesday, investors were rattled as a result of First Republic Bank’s staggering losses – the bank reported their deposits had plummeted by an eye-popping $100 billion in just three months. Consequently, shares tanked 49% on Wall Street. Analysts predict… Read More »First Republican Bank’s stock falls with $100B deposit drop
Wall Street markets ended the day with a modest uptick, as investors eagerly looked ahead to quarterly reports from some of America’s biggest corporations. While the S&P 500 and Dow Jones Industrial Average saw an increase of 0.1% and 0.2%,… Read More »Stocks Exhibit Strength Despite Current Earnings Releases
