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Forex News
The US inflation rate, as measured by the PCE Price Index, remained steady at 2.5% year-over-year in July. This stability in inflation has contributed to the strength of the US economy, causing the US Dollar to gain ground in the foreign exchange market. However, with inflation showing signs of tapering off, the Federal Reserve (Fed)
Gold prices experienced a significant drop below the $2,500 mark following the release of the US Personal Consumption Expenditures (PCE) report. This development has heightened expectations of a Federal Reserve rate cut in September. The Federal Reserve’s cautious approach to monetary policy easing has created a sense of uncertainty in the markets, with traders now
The EUR/USD pair is currently trading near 1.1080 in Friday’s early Asian session. This comes after the US GDP expanded more than expected in Q2, leading to a positive impact on the US Dollar. Meanwhile, cooling inflation from Germany and Spain is supporting the case for an ECB rate cut in September, which could potentially
In the early Asian session on Thursday, the NZD/USD pair gained momentum, reaching the highest level since January 4. This uptick in the New Zealand Dollar was attributed to a surge in business confidence in New Zealand. According to the ANZ Business Outlook Survey, business confidence rose to its highest level in a decade, with
The Indian Rupee (INR) has been facing pressure in early Asian trading on Wednesday due to the weakening in Asian currencies and increased demand for USD by importers. Investors are closely monitoring the speeches by the Federal Reserve’s Christopher Waller and Raphael Bostic for potential market-moving insights. On the domestic front, positive market sentiment and
The Indian Rupee has experienced a weakening trend in Tuesday’s early Asian session due to month-end USD demand and higher crude oil prices. These factors have put pressure on the INR, causing traders to be cautious in their approach. The recent economic growth data indicating a slowdown in India’s GDP growth rate has also contributed
The recent surge in the Dow Jones Industrial Average to an all-time high has caught the attention of investors around the globe. However, this milestone comes amidst a mixed finish for U.S. stock indexes as tech giants like Nvidia, Microsoft, Amazon, Meta Platforms, and Tesla decided to take a breather, causing the Nasdaq to stumble
The S&P 500 showed signs of recovery following a weak Thursday close. Analysts noted subtle clues hinting that interest rate sensitive plays would outperform largecaps on Friday. This trend was expected to continue throughout the week, as rates remained stable and confidence in a soft landing grew. The shift in market dynamics also affected the
Trading foreign exchange (Forex) can be a lucrative but risky venture for investors. It is crucial for traders to understand the potential risks involved in this type of investment before diving in. One of the key risks associated with Forex trading is the high level of leverage involved. While leverage can amplify profits, it can
The AUD/USD pair experienced a drop, adjusting to 0.6950 due to a USD recovery. This movement was influenced by a narrative of monetary policy divergence between the Federal Reserve and the Reserve Bank of Australia. Despite strong Australian PMIs limiting the pair’s downside, the pair retraced some gains after a 2% rally in the previous
The Australian Dollar has shown signs of advancement in recent times, with the Reserve Bank of Australia (RBA) Minutes pointing towards a prolonged period of current cash rates. Despite the indication that a rate cut is unlikely in the near future, the Australian Dollar may still continue its upward trajectory. The currency is currently trading