During the American session, the USD/JPY pair dropped further, hitting a low of 141.65, its lowest level since August. This decline can be attributed to the hawkish comments from Bank of Japan (BoJ) official Ueda, signaling an exit from ultra-loose… Read More »Yen Strengthens on Hawkish BoJ and Weak US Dollar Ahead of Non-Farm Payrolls
U.S. crude oil prices dropped by 4% on Wednesday, reaching their lowest level since late June. The West Texas Intermediate (WTI) contract for January settled at $69.38 a barrel, falling $2.94, while the Brent contract for February declined $2.90 to… Read More »U.S. Crude Declines 4%, Gasoline Prices Hit Lowest Level Ahead of Holiday Season
Tuesday’s reading on job openings in October revealed a decline in labor market demand. Job openings slid to 8.73 million last month, down from 9.35 million in September and 10.47 million in the previous year. The number of hires and… Read More »US Stocks Closed Mixed, Bond Yields Tumble on Heels of Slowing Labor Market Demand
In recent days, Bitcoin has experienced a significant surge in price, surpassing $41,000 and reaching its highest level since April 2022. This upward trend has been fueled by various factors, including anticipation of the approval of a spot bitcoin exchange-traded… Read More »Bitcoin’s Price Surge and Market Developments
The GBP/USD pair is currently facing downward pressure as safe-haven demand for the US Dollar continues to soar amidst market volatility. Investors are seeking the US Dollar as a safe-haven asset due to the uncertain market conditions. This increased demand… Read More »Market Updates: Traders Expectations Ahead of JOLTS Data
The EUR/USD pair attempted a comeback on Friday, recovering from a recent slump caused by weaker Eurozone inflation data. Track all markets on TradingView The Eurozone Harmonised Index of Consumer Prices (HICP) decelerated more than expected in November, causing traders… Read More »EUR/USD Pair Attempts A Comeback Ahead of Powell Speech
EUR/USD is struggling below 1.1000, as the US Dollar clings to recovery gains in Asian trading hours on Thursday. Wednesday’s softer-than-expected German and Spain inflation data weighed on the Euro. Investors await the Eurozone inflation data on Thursday for fresh… Read More »EUR/USD remains capped below 1.1000, EU/ US inflation data eyed
Global stocks showed resilience on Tuesday, as investors maintained confidence that the Federal Reserve would not raise interest rates further. This sentiment kept the dollar at three-month lows and supported gold prices above $2,000 per ounce. Key Economic Data to… Read More »Stocks Hold Steady as Dollar Wavers Ahead of US Data
As the forex market gears up for another eventful week, traders are paying close attention to a range of economic events and speeches that have the potential to sway currency values. Here are the key highlights and their potential implications… Read More »Week Ahead: U.S. PCE Index, Lagarde and Powell Speeches
Binance, a leading cryptocurrency exchange, is poised to completely withdraw from the U.S. market while complying with substantial fines and initiating a five-year oversight program. This development comes in the wake of its settlement with the Financial Crimes Enforcement Network… Read More »Binance to Exit US in Deal: Bitcoin Peaks Above $37,000, a Look at the Recent Upswing