GBP/USD Remains Over 1.2800 as USD Weakens, Eyes on US Jobless Claims
GBP/USD Remains Over 1.2800 as USD Weakens, Eyes on US Jobless Claims The British Pound (GBP) maintains its strength against the US Dollar (USD), persistently trading above the pivotal 1.2800 level amidst a period of USD softening, with market participants keenly awaiting the release of US jobless claims data for further direction. During the Asian […]
Gold Gains on Risk Aversion and Slight Decline in US Dollar Before American Economic Reports
Gold Gains on Risk Aversion and Slight Decline in US Dollar Before American Economic Reports On Thursday, gold prices saw a notable recovery, clawing back much of the losses experienced earlier in the week and stirring interest among investors. Despite this rebound, gold has remained within a well-trodden range as the market’s attention is fixed […]
EU Reaches Agreement on Budget Overhaul Following Two Years of Negotiations
EU Reaches Agreement on Budget Overhaul Following Two Years of Negotiations The European Union has finalized reforms aimed at relaxing budgetary rules to promote investment while maintaining fiscal discipline, concluding two years of negotiations. These changes come as a resolution to the discord between France and Germany, leading to a more flexible framework. Finance ministers […]
Chinese Financial Institutions Maintain Key Lending Rate Unchanged for Fourth Consecutive Month
Chinese Financial Institutions Maintain Key Lending Rate Unchanged for Fourth Consecutive Month In a move that echoes the central bank’s decision, Chinese banking institutions have opted to keep their benchmark lending rates steady, fostering an environment ripe for potential monetary easing forecasted for the initial months of 2024. The persistence of these rates, including the […]
EUR/GBP Regains Ground, Nearing Mid-0.8600 Range in Response to UK Inflation Data
EUR/GBP Regains Ground, Nearing Mid-0.8600 Range in Response to UK Inflation Data The European currency pair EUR/GBP witnessed a modest rebound in the early hours of the European market session on Wednesday, as it climbed towards the mid-0.8600 territory, a notable recovery from its recent slump. The upswing in the pair was primarily fueled by […]
China’s Central Bank Restarts 14-Day Reverse Repos to Ease Year-End Liquidity
China’s Central Bank Restarts 14-Day Reverse Repos to Ease Year-End Liquidity After a three-month hiatus, the People’s Bank of China (PBOC) has recommenced its practice of injecting short-term cash into the financial system via 14-day reverse repurchase agreements (reverse repos). This move, enacted on Monday, is part of a broader strategy to manage the surging […]
Australian Dollar Rises on Expectations of Federal Reserve Rate Reductions
Australian Dollar Rises on Expectations of Federal Reserve Rate Reductions The Australian Dollar (AUD) has been on a positive trajectory since Wednesday, with the AUD/USD pair experiencing notable upward movement. This surge is largely attributed to market expectations of impending rate cuts by the US Federal Reserve (Fed), which in turn has put downward pressure […]
EUR/USD Maintains Modest Increase Near 1.0900, Awaiting German IFO Report
EUR/USD Maintains Modest Increase Near 1.0900, Awaiting German IFO Report Rewrite this news and expand to 400 words: EUR/USD Maintains Modest Increase Near 1.0900, Awaiting German IFO Report The EUR/USD pair posts modest gains during the Asian trading hours on Monday. The major pair remains capped under 1.1000, the key barrier, and currently trades near […]
UK Consumer Sentiment Hits Near Two-Year Peak
UK Consumer Sentiment Hits Near Two-Year Peak In the closing month of the year, the UK’s consumer confidence has shown a slight uptick, indicating a modest shift in public sentiment despite ongoing economic challenges. In December, analysis from market research firm GfK Ltd. identified a rise in consumer sentiment, marking the highest point since the […]
Yellen Calls for China to Transition Away from State-Driven Economic Practices Deemed ‘Unfair
Yellen Calls for China to Transition Away from State-Driven Economic Practices Deemed ‘Unfair In a recent address, US Treasury Secretary Janet Yellen urged China to reconsider its state-centric economic model, which she believes is deterring investors. She highlighted the dominance of state-owned enterprises and the extensive influence of China’s security apparatus as major impediments to […]
USD/CAD Drops Below 1.3400 Amid Weak Dollar and Rising Oil Prices, Awaiting US PMI Data
USD/CAD Drops Below 1.3400 Amid Weak Dollar and Rising Oil Prices, Awaiting US PMI Data In recent sessions, the USD/CAD currency pair has continued its downward trajectory for the third consecutive day. The pair was seen hovering around the 1.3390 mark during Friday’s Asian trading hours. The depreciation of the pair is largely due to […]
How and When to Buy or Sell in Forex Trading
Forex trading, often referred to as foreign exchange trading, is the act of buying and selling currencies in the hope of making a profit from the changes in their value. As the largest financial market in the world, it attracts a variety of traders, from beginners to seasoned professionals. In this blog post, we’ll explore […]
Japan Approves Tax Reductions to Aid Families, Combat Deflation
Japan Approves Tax Reductions to Aid Families, Combat Deflation In Japan, the government’s tax reform committee, part of the ruling Liberal Democratic Party, has reached a consensus on reducing income tax rates. This move is designed to alleviate the financial strain on households amidst the rising costs of living, signaling a shift from the longstanding […]
USD/CHF Falls to 0.8670 Amid Dovish Fed, Awaits SNB Decision
USD/CHF Falls to 0.8670 Amid Dovish Fed, Awaits SNB Decision In the current financial climate, the USD/CHF currency pair has sustained its downward trajectory for the fourth consecutive day, hovering around the 0.8670 mark during Thursday’s Asian trading hours. This comes as the market braces for the Swiss National Bank’s (SNB) impending Interest Rate Decision. […]
Gold Hits New Multi-Week Low, Awaits 50-Day SMA Test Before Fed Verdict
Gold Hits New Multi-Week Low, Awaits 50-Day SMA Test Before Fed Verdict Gold prices have dipped to a multi-week nadir as the market braces for the upcoming Federal Reserve decision. For the fourth consecutive day, the precious metal traded lower, touching levels near $1,974 per ounce during the European trading session. This downward trajectory aligns […]
New Zealand Government Strips Employment Focus from Central Bank’s Role
New Zealand Government Strips Employment Focus from Central Bank’s Role In a landmark legislative move, New Zealand’s newly formed coalition government has overhauled the Reserve Bank of New Zealand’s (RBNZ) guiding mandate. The legislation, enacted on Wednesday, narrows the focus of the central bank to primarily ensure price stability, stepping away from its previous dual […]
Dow, S&P Hit Peak Since Jan ’22 as Stocks Rally Before Fed
Dow, S&P Hit Peak Since Jan ’22 as Stocks Rally Before Fed On Tuesday, U.S. stock markets demonstrated a robust performance, with major indices climbing to their highest points since the early days of 2023. This market buoyancy comes as investors digest a pivotal inflation report ahead of the Federal Reserve’s year-end policy meeting. The […]
AUD Holds Above Key Level, Anticipates RBA Bullock’s Speech
AUD Holds Above Key Level, Anticipates RBA Bullock’s Speech The Australian Dollar (AUD) has seen its value diminish for a second consecutive trading session on Monday, signaling a sustained bearish trend against its US counterpart. This downward trajectory has been influenced significantly by robust employment data emerging from the United States, which gave a considerable […]