Sterling Rises with Upbeat Retail Sales
Sterling Rises with Upbeat Retail Sales The Pound Sterling (GBP) is gaining strength following the release of upbeat United Kingdom Retail Sales data. Consumer spending growth in June exceeded expectations, with Monthly Retail Sales expanding by 0.7% compared to the anticipated 0.2%. Additionally, annual consumer spending data contracted by 1.0%, surpassing the consensus of -1.5%. […]
How to Trade Successfully with a Small Trading Account
Trading is an exciting journey, but it can also be an intimidating one, especially when you’re just starting out. A common misconception is that you need a large trading account to be successful. But that’s not the case. You can start trading successfully with a small trading account using the right strategies and the best […]
Asian markets mixed as Japan reports weak trade data
Asian markets mixed as Japan reports weak trade data Asian markets exhibited a varied performance in response to Japan’s disclosure of disappointing trade data for June. The revelation of a nearly 13% decline in imports from the previous year resulted in an unexpected trade surplus for Japan, primarily attributed to the reduction in oil prices. […]
Australia’s June Labour Force Demonstrates Limited Signs of Letting Up
Australia’s June Labour Force Demonstrates Limited Signs of Letting Up Australia’s June labour force showed remarkable resilience, with employment growth exceeding expectations. The month saw an increase of 32.6k jobs, a 0.2% rise that surpassed Westpac’s prediction of a 25k boost and far exceeded the median market forecast of a modest 15k increase. Throughout the […]
The GBP/USD pair continues to experience pressure, hovering near the 1.2920 level
The GBP/USD pair continues to experience pressure, hovering near the 1.2920 level The GBP/USD pair is enduring continuous strain, staying close to the critical 1.2920 level as the European session commences. This stress is fueled by the weaker-than-expected inflation data from the UK for June. The monthly Consumer Price Index (CPI) saw a mere increase […]
RBNZ Maintains Wait-and-See Approach Despite CPI Indications
RBNZ Maintains Wait-and-See Approach Despite CPI Indications The Reserve Bank of New Zealand (RBNZ) continues to adopt a cautious approach, refraining from making immediate changes to its monetary policy despite the latest inflation data. This wait-and-see stance comes even as the Consumer Price Index (CPI) shows signs of an inflationary trend. In parallel news from […]
Inflation hits 6% amid falling petrol prices and high-interest rates, despite sustained domestic inflation
Inflation hits 6% amid falling petrol prices and high-interest rates, despite sustained domestic inflation Inflation in New Zealand dropped to an annual rate of 6% in the June quarter. This decline was largely driven by high interest rates affecting household budgets and a decrease in petrol prices. However, domestic inflation remains stubbornly high, despite these […]
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
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 lessons you’ll acquire on your journey to becoming a […]
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
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 your trading strategy and profitability. In this guide, […]
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 […]