The EUR/JPY pair has been on a downward trajectory for the second consecutive day, hitting a low not seen in over a month. The decline can be attributed to a combination of factors such as a softer risk tone in the market and increased bets on a rate hike by the Bank of Japan (BoJ).
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The gold price has been experiencing some fluctuations recently as the US Dollar gains strength due to reduced expectations of a 50 basis points (bps) rate cut by the Federal Reserve. As traders eagerly await the US inflation numbers for a fresh impetus, the technical setup hints at a potential breakout through a short-term trading
The recent release of Chinese economic data, including the Consumer Price Index (CPI) and Producer Price Index (PPI), has generated mixed reactions in the financial markets. While the CPI rose by 0.6% in August, falling short of market expectations, the PPI declined by 1.8% year-on-year. These figures have implications not only for the Chinese economy
Upon closer examination of the market trends, it becomes evident that the initial strength observed in NFPs was not as robust as anticipated. Despite initial optimism, the buying pressure quickly dissipated, leaving investors disappointed. The odds of a rate cut, which were expected to increase significantly following comments by Waller, remained stagnant at only 30%.
The AUD/USD pair saw a decline to near 0.6735 during Friday’s European session, marking a 0.10% decrease on the day. Despite Reserve Bank of Australia’s (RBA) hawkish comments, the Australian Dollar failed to gain strength due to cautious market sentiment. The highlight of the day was the upcoming US Non-Farm Payrolls (NFP) report for August.
The GBP/USD pair has managed to stay above the 1.3100 mark, indicating that buyers are currently in control of the market. This is further confirmed by the Relative Strength Index (RSI), which is showing that the buyers are gaining momentum. The pair is now eyeing the 1.3200 resistance level, with the potential to challenge the
Silver price has been on a downtrend for the fourth consecutive day, currently trading at around $27.90 in the early European session. The decline of 0.55% is mainly attributed to the stronger US Dollar and concerns about Chinese demand. However, the market is anticipating support from potential Fed rate cuts which could limit further losses
The foreign exchange market, particularly the USD/JPY pair, is heavily influenced by a wide range of economic data, both domestically and internationally. Factors such as government policies, interest rates, inflation rates, and geopolitical risks play a crucial role in determining the direction of the exchange rate. In this article, we will delve into the recent
CrowdStrike Holdings, Inc. is a cybersecurity technology company based in Austin, Texas, providing various security services such as cloud workload and endpoint security, threat intelligence, and cyberattack response. The market forecast for CrowdStrike made three years ago has been analyzed, focusing on the completion of market cycles, impulse waves, corrections, and future projections based on
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