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Tag - Forex Market Analysis

Dollar Reverses Early Gains following PCE

The dollar erased early gains posted on Friday as personal consumption expenditure (PCE) data showed further signs of cooling inflation in June, confirming the inflation downtrend and lessening chances of further policy...

ECB Lifts Interest Rates to 23-year High, Euro Falls

The Euro reversed early gains on Thursday following the ECB’s anticipated decision to raise borrowing costs. The central bank emphasized its commitment to a data-dependent approach for future decisions, ensuring a...

GBP Drops as Inflation Falls Suggesting Slower Rate Hikes

The British Pound (GBP) dropped sharply on Wednesday following the release of UK inflation data that showed inflationary pressures cooling down faster than expected in June. Data suggest that the Bank of England may not...

USD at 2-month lows ahead of CPI, RBNZ holds rates 

Forex News – The US dollar (USD) hit a fresh two-month low on Wednesday, amid increasing speculations that US inflation will continue to subside supporting beliefs that the Federal Reserve is halting rate...

FOMC Minutes: More Clues on Rate Hike?

Forex News – US Dollar is relatively unchanged on Wednesday following the U.S. Independence Day holiday, and traders are now shifting their attention to the release of FOMC meeting minutes scheduled later on the...

USD reverses losses, Gold slips for the second week

Investors are turning to the US dollar as the global economic outlook weakens due to aggressive monetary tightening from major central banks. The risk aversion mode sent the USD higher on Friday, for the second...

Commodities: Gold steady, Oil slips on Demand Concerns 

Commodities were mixed on Tuesday amid uncertainty over global demand and monetary policies in major economies. Gold prices, meanwhile, slightly increased as markets await more clues on U.S. monetary policy. USD traded...

USD: CPI Inflation in focus ahead of Fed Meeting 

The U.S. dollar (USD) saw a mild decline on Tuesday following China’s short-term lending rate cut, which helped in improving risk sentiment amid uncertainty ahead of the U.S. inflation data release and Federal...

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