EUR/USD Gains Support Around 1.0450 Ahead of Eurozone and US PMI Data
The EUR/USD pair found support near 1.0450 during the early Asian session on Friday, driven by weakness in the US Dollar (USD). Investors are now focusing on the preliminary January readings of the HCOB Purchasing Managers Index (PMI) for the Eurozone and Germany, set to be released later in the day. On the US front, […]
EUR/USD Stalls Recovery Amid Midweek Slowdown
The EUR/USD pair slipped slightly on Wednesday, losing approximately 0.1% as markets entered a quiet phase ahead of key economic data releases later in the week. U.S. President Donald Trump has temporarily paused his ongoing trade war rhetoric and threats of broad-based import taxes, leaving investors with limited drivers for market movement. Thursday’s trading session […]
EUR/USD Slips Below 1.0550 Amid Awaited ECB Lagarde Speech and US PMI Data
EUR/USD Slips Below 1.0550 Amid Awaited ECB Lagarde Speech and US PMI Data The EUR/USD pair extended its decline to around 1.0530 during early Asian trading on Monday, pressured by a strengthening US Dollar (USD). Traders are focusing on key events scheduled for later in the day, including European Central Bank (ECB) President Christine Lagarde’s […]
Asian Stocks Drop Amid Geopolitical Tensions; Nikkei Slides on Strong Inflation Data
Asian Stocks Drop Amid Geopolitical Tensions; Nikkei Slides on Strong Inflation Data Asian equities fell on Friday as geopolitical concerns and strong economic data from Japan weighed on sentiment. The escalation of the Russia-Ukraine conflict further dampened risk appetite, while China’s tech sector provided a rare bright spot amid easing regulatory fears. Key Market Highlights […]
WTI Inches Higher to $70.50 Amid US Oil Stock Decline
WTI Inches Higher to $70.50 Amid US Oil Stock Decline West Texas Intermediate (WTI) crude oil prices continue to rise for the second consecutive day, trading around $70.40 per barrel during Friday’s Asian session. The upward momentum in oil prices is primarily driven by an unexpected drop in US crude oil inventories. The Energy Information […]
Global Investors Left in the Dark on China as Wall Street Surges
Global Investors Left in the Dark on China as Wall Street Surges Global investors are struggling to navigate China’s economic uncertainties after Beijing’s weekend stimulus update underwhelmed markets. While China remains in a fog, Wall Street powered ahead with the S&P 500 and Dow extending their rally, setting the stage for Tokyo to join in […]
EUR/USD Climbs Above 1.1150 on Rising Prospects of Fed Rate Cuts
EUR/USD Climbs Above 1.1150 on Rising Prospects of Fed Rate Cuts EUR/USD started the week on a positive note, trading around 1.1170 during the Asian session on Monday. This uptick can be attributed to a weakening US Dollar (USD), driven by expectations of continued policy easing from the US Federal Reserve in November. On Friday, […]
5 Key Forex News Events You Should Follow
In the fast-paced world of currency markets, where significant movements can occur without warning, it’s crucial for new traders to understand the various economic indicators and forex news events that influence the markets. Quickly identifying which data to watch, understanding its implications, and learning how to trade based on this information can significantly enhance a […]
Asian Stocks Rise Slightly as Hopes for Federal Reserve Action Boost Sentiment
Asian Stocks Rise Slightly as Hopes for Federal Reserve Action Boost Sentiment Asian stock markets achieved modest gains on Tuesday, driven by rising optimism that the Federal Reserve may initiate interest rate cuts within the year. This sentiment mirrored the uptick on Wall Street, sparked by soft U.S. employment figures which fueled speculation about potential […]
Asian Currency Markets Subdued Amid Fears of Rate Hikes and Intervention Speculation
Asian Currency Markets Subdued Amid Fears of Rate Hikes and Intervention Speculation Asian currency markets remained mostly stable on Friday as investors were looking for more indications regarding U.S. interest rate hikes. However, both the Chinese yuan and Japanese yen saw a slight rise due to ongoing speculation about potential government intervention in the currency […]
EUR/USD displays a rangebound structure around 0.9700 ahead of US Inflation
EUR/USD displays a rangebound structure around 0.9700 ahead of US Inflation EUR/USD moved sideways along the 0.9700 horizon as markets waited for the release of US inflation data last week. October 14th the Department of Labor Statistics of the country published fresh values of the Consumer Price Index, which exceeded the forecast values. In monthly […]
A Turning Point for Policy
A Turning Point for Policy The RBA surprised markets this week by slowing the pace of rates increase, opting for a 25bp move against expectations of a 50bp increase. Meanwhile, the RBNZ continued to show a heavy hand against domestic inflation pressures, having delivered a fifth consecutive 50bp rate hike. In explaining their decision to […]