GBP/JPY drops 100 pips below 181.00 due to poor UK inflation, yields
GBP/JPY drops 100 pips below 181.00 due to poor UK inflation, yields The GBP/JPY currency pair saw a considerable drop of 100 pips to below 181.00, driven primarily by disappointing UK inflation data and weaker Treasury bond yields. The pair dipped further to around 180.80 in the early hours of Wednesday morning in London, reflecting […]
Best 5 Things You’ll Learn Becoming a Successful Trader
Best 5 Things You’ll Learn Becoming a Successful Trader The exciting world of Forex trading offers tremendous opportunities for monetary success and personal growth. The quest to become a successful trader is indeed challenging, but with the right mindset, strategies, and tools, one can master the market complexities. This blog will delve into five crucial […]
Asian Stock Traders Tread Cautiously Ahead of US Retail Sales Data
Asian Stock Traders Tread Cautiously Ahead of US Retail Sales Data As Tuesday unfolded, Asian stock traders navigated the markets with caution, displaying a predominantly negative sentiment across the region. One prevailing concern on their minds was China’s economic outlook, which cast shadows of uncertainty on the trading floors. Adding to their apprehension was the […]
US Retail Sales Might Not Aid Dollar Recovery
US Retail Sales Might Not Aid Dollar Recovery The upcoming release of June’s retail sales data by the U.S. Census Bureau, scheduled for Wednesday at 12:30 GMT, may not provide the much-needed boost to the ailing dollar. The data, which accurately reflects consumer demand, will be analyzed closely as the Federal Open Market Committee (FOMC) […]
AUD/USD Steady Above 0.6800 Amid RBA Policies
AUD/USD Steady Above 0.6800 Amid RBA Policies The Australian dollar to United States dollar (AUD/USD) pair is currently demonstrating a steady performance, maintaining its position above the 0.6800 mark in the Tokyo session. Despite the Reserve Bank of Australia (RBA)’s inclination towards further policy restrictions, the Aussie currency has yet to experience a significant shift. […]
Australian Treasurer Predicts Jobless Surge, Easing Inflation
Australian Treasurer Predicts Jobless Surge, Easing Inflation In a recent conversation, the Australian Treasurer, Jim Chalmers, expressed his forecast of a looming economic deceleration and a spike in unemployment as inflation begins to ease. He made these comments during his stint on ABC’s “Insiders” program, where he referenced predictions from both the Reserve Bank and […]
US-China Resume Climate Talks, Vow Big Steps
US-China Resume Climate Talks, Vow Big Steps John Kerry, the US Climate Envoy, initiated his first significant climate discussions with Chinese officials in almost a year. Despite the profound tensions between the two superpowers, both sides committed to achieving practical results. Xie Zhenhua, China’s climate envoy, indicated on Monday that China is pursuing substantial dialogue […]
EUR/USD Volatility Rises Above 1.1200 Ahead of US Retail Sales
EUR/USD Volatility Rises Above 1.1200 Ahead of US Retail Sales As the anticipated US Retail Sales data for June looms, the EUR/USD pair has experienced a noticeable increase in volatility, crossing the significant 1.1200 threshold. This major currency pair has found a degree of stability as investors from around the globe eagerly await these crucial […]
Calculating the Pip Value for Different Forex Pairs
Calculating the Pip Value for Different Forex Pairs Currency trading, or forex trading, is a complex financial endeavor that requires a deep understanding of market dynamics. One crucial concept in this field is the pip value. Pips refer to the smallest price movement that a currency pair can make, and their value can greatly impact […]
US Inflation Slows; Equity Markets Rally on Earnings News
US Inflation Slows; Equity Markets Rally on Earnings News The slowing down of US inflation has been a welcome development in the financial markets. Along with positive earnings news, this has contributed to a robust rally in equity markets. The EUR/JPY pair, however, has seen only a slight recovery from its intraday low, hovering around […]
Mild Inflation and Robust Profits Drive Stock Market Surge
Mild Inflation and Robust Profits Drive Stock Market Surge US inflation news has been favorable this week, with data revealing a slowdown in both headline inflation at 3% and core inflation at 4.8%, both below expectations. Producer price inflation also came in lower than anticipated. These positive figures may be the last before they potentially […]
Pause in US Dollar Sell-off Anticipated Prior to Confidence Data Release
Pause in US Dollar Sell-off Anticipated Prior to Confidence Data Release The US Dollar, which has been on a downward trajectory against other currencies, is anticipated to experience a temporary pause in its sell-off as the market eagerly awaits the release of key confidence data. The greenback hit a 15-month low before it began to […]
Market Optimism Rises as Asian Shares Rally and Dollar Slumps on Fed’s Potential End to Rate Hikes
Market Optimism Rises as Asian Shares Rally and Dollar Slumps on Fed’s Potential End to Rate Hikes On Thursday, Asian shares and bonds enjoyed a rally, while the dollar faced significant losses. This shift in the market sentiment was fueled by lower-than-expected U.S. inflation figures, leading to the belief that the Federal Reserve may be […]
Challenges Remain Despite Significant Progress in US Inflation
Challenges Remain Despite Significant Progress in US Inflation Headline inflation has reduced to a fraction of its peak, yet the contribution from shelter alone exceeds the Federal Open Market Committee’s (FOMC) annual target of 2.0%. In June, both headline and core Consumer Price Index (CPI) outcomes fell short of expectations at 0.2%, resulting in respective […]
AUD/JPY Cross Gains Momentum, Surpassing 100-hour SMA after Hitting Two-day High
AUD/JPY Cross Gains Momentum, Surpassing 100-hour SMA after Hitting Two-day High The AUD/JPY cross is showing signs of momentum, pushing past the 100-hour Simple Moving Average (SMA) and reaching a two-day peak. This trend mirrors the progress of the EUR/USD pair, which is also advancing towards a fresh 2023 high close to 1.1150. The performance […]
The Importance of Pips in Forex Trading
The Importance of Pips in Forex Trading The realm of Forex trading can seem overwhelming for novices, filled with an array of complex terms. Nevertheless, grasping these terms is a fundamental step towards successful trading. Among these vital terms, “pips” stand out. This blog post will demystify the role of pips in Forex trading and […]
European Stock Futures Show Slight Increase; U.S. CPI Identified as Crucial Factor
European Stock Futures Show Slight Increase; U.S. CPI Identified as Crucial Factor A slight uptick in European stock futures has been observed, with the U.S. Consumer Price Index (CPI) report playing a crucial role in the trend. As of 02:00 ET (06:00 GMT), Germany’s DAX futures contract traded 0.4% higher, while France’s CAC 40 futures […]
Inflation at Wholesale Level in Japan Decelerates for the Sixth Consecutive Month
Inflation at Wholesale Level in Japan Decelerates for the Sixth Consecutive Month Japan’s wholesale inflation has been witnessing a steady slowdown for the sixth consecutive month as of June, largely attributed to the declining prices of fuel and commodities. The data, released on Wednesday, indicates an easing of the cost-push pressure that has previously escalated […]