Weekly Market Outlook – As recession risks rise, the European Central Bank will make a crucial rate decision this week. Meanwhile, the US dollar awaits CPI and retail sales reports ahead of the Fed’s...
Tag - Forex News Updates
Weekly Market Outlook: Fed speech, RBA rate decision, and BoE statement!
Weekly Market Outlook – After a week of unfavorable US data that weakened the dollar and raised doubts about the need for another Fed interest rate hike, the upcoming week will see a lighter US economic agenda...
Weekly Market Outlook: US Jobs and Inflation Data Set to Fuel Ongoing Volatility
Weekly Market Outlook – Market volatility continues as investors brace for key economic data. Payroll and inflation numbers, along with Eurozone flash CPI figures and China’s PMI prints for August, are...
Weekly Market Outlook: Focus on BRICS Summit, Flash PMIs, and Jackson Hole Symposium
Forex Weekly Market Outlook
Weekly Market Outlook: Focus on US retail sales, Fed minutes, and UK CPIs
Weekly Market Outlook – We anticipate that the minutes from the July gathering of the Federal Open Market Committee (FOMC) will maintain a hawkish outlook. The Federal Reserve is likely to be cautious about...
US Inflation Data for July is a surprise – Here’s what the US CPI looks like!
US Inflation Data for July is a surprise - Here's what the US CPI looks like!
Weekly Market Outlook: Chinese and US CPI in the Highlights
Weekly Market Outlook – This week, the US and China are set to release their July CPI data, expected to show contrasting trends. The US headline CPI is anticipated to increase after its peak in June 2022...
BRICS Countries to Replace US Dollar With a Gold-Backed Currency!
How long will the dollar remain the world’s dominant currency? This August, the BRICS economic alliance will gather in South Africa and introduce a new currency designed to remove the dollar from its throne. ...
Weekly Market Outlook: Focus on BoE and RBA decisions, US jobs report!
Weekly Market Outlook – This week, the Bank of England and the Reserve Bank of Australia will release their summer central bank decisions. However, the US jobs report might attract the most attention. The ISM...
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...
Fed Keeps up the Squeeze and Raises Interest Rates to a 22-year High
The Federal Reserve resumed its tightening cycle on Wednesday and raised interest rates by a quarter-point, as widely expected, to address persistent inflationary pressures. The decision follows a hawkish pause last...
FOMC Preview – Fed to Continue Tightening with Another 25 bps Hike
As the Federal Reserve prepares for an anticipated quarter-point interest rate increase, investors cautiously await any indications regarding the central bank’s future policy direction. This heightened attention...
Gold steadies following a 4-day losing streak, Fed in Focus
Following a turbulent four-day period of losses, gold prices have shown signs of recovery on Tuesday. Market participants have taken a more cautious approach, ahead of the Federal Reserve’s upcoming meeting. The...
Weekly Market Outlook: All eyes on the Fed, ECB, and BoJ decisions!
Weekly Market Outlook – After a quiet week, attention shifts to three major central banks: the Federal Reserve, the European Central Bank, and the Bank of Japan. Investors anticipate one final interest rate...
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...
EUR/USD jumps to 17-month high on monetary policy divergence
EUR/USD extends its rally for the eighth consecutive session, reaching the highest levels in 17 months backed by the policy divergence in the Eurozone and U.S. EUR gains on rate hike expectations The pair steadied above...
Weekly Market Outlook: Eyes on China GDP, US retail sales, and more CPI data!
Weekly Market Outlook – Inflation data will be key this week, with a focus on Chinese GDP and US retail sales. CPI numbers from Canada, New Zealand, Japan, and the UK will also be watched for any divergence...
How Big Is the US Dollar Market and Which Countries Use USD?
The US dollar market is significant and plays a dominant role in global trade and finance. The USD is overwhelmingly the most frequently used currency in global trade, accounting for a large share of global trade...
Gold Hits 1 Month High as USD Slides on Softer Inflation
Gold prices extended gains on Thursday, hitting a fresh one-month high as softer U.S. inflation data spurred the odds of the Federal Reserve concluding its aggressive tightening cycle soon. Meanwhile, the US Dollar...
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...
Weekly Market Outlook: US inflation, BOC, and RBNZ meetings to watch
Weekly Market Outlook – The FX markets are expected to be more exciting this week as trading conditions gradually settle down for the summer. There will be a lot of focus on the upcoming US inflation report...
NFP Preview – USD Subdued amid Expectations for Slowing Jobs
The dollar held steady on Friday as traders shift their focus to June’s NFP report which is expected to show a slower job creation rate in the U.S. economy and amid prospects of higher interest rates. Data...
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 Steady in Tight Holiday Trading, AUD Gains as RBA signals more Tightening
The USD was nearly flat on Tuesday around the 103 mark in narrow trading due to the closing of U.S. markets in observance of Independence Day. Meanwhile, the Australian Dollar (AUD) marched a little higher as the RBA...
Weekly Market Outlook: Key data from the FOMC, NFP, ISM, and RBA!
Weekly Market Outlook – After facing a recent barrage of hawkish statements from central bank leaders, the markets have been left slightly shaken, causing heightened anxiety leading up to the release of the June...
Weekly Market Outlook: Euro and Yen prepare for inflation tests
Weekly Market Outlook – Following the important decisions taken by central banks, this week’s focus will be on inflation data. The euro has been doing well recently, but whether it will continue to perform...
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...
GBP firm as BoE set to hike further, SNB raises rates again
The GBP holds steady close to its year-to-date peak recorded on June 16th. Investors are anticipating that the Bank of England will likely increase interest rates as the higher-than-expected inflation numbers indicating...
USD steady ahead of Powell’s Testimony, inflation weighs on GBP
The USD gained on Wednesday before Federal Reserve Chair Jerome Powell’s highly anticipated Congressional testimony as traders are pricing in more hawkish comments. Investors are also waiting for further comments...
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...
Weekly Market Outlook: Can the BoE and SNB raise 50bps? Flash PMIs are due!
Weekly Market Outlook – This week, the focus will be on central banks as the Bank of England and Swiss National Bank prepare to disclose their decisions regarding interest rates. It is anticipated that both...
Dollar dives to fresh monthly lows, Dovish BoJ weakens JPY
The U.S. dollar remains steady at 1-month low, following consecutive losses in the previous sessions, and is set for the third weekly loss in a row. Meanwhile, the Japanese yen (JPY) extended pullback reflecting the...
ECB on track for another rate hike, EUR approaches 1-month high
The European Central Bank (ECB) is widely expected to deliver another rate hike on Thursday amid its ongoing fight against high inflation, and despite the fact that the eurozone’s economy has fallen into a...
Will USD Get Stronger in 2023 Despite the De-Dollarization Trend?
After reaching unprecedented levels last year, causing widespread poverty and rampant inflation in countries like Pakistan and Ghana, the USD has now entered a phase that some analysts predict will be a multi-year...
Dollar underperforms as Fed Heads to a Pause – FOMC Preview
The Federal Reserve is widely anticipated to keep Fed funds rate unchanged on Wednesday for the first time since they began tightening monetary policy in March of 2022. After increasing interest rates at the fastest...
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...
Weekly Market Outlook: US CPI, Federal Reserve, ECB, and BOJ Meetings Await
Weekly Market Outlook – An eventful week lies ahead, with significant interest rate determinations expected in the United States, Eurozone, and Japan. Market predictions suggest that the Fed is inclined to...
Gold on track for Weekly Gains on Fed’s Pause Expectations
Gold prices decreased slightly on Friday following a 1% increase in the previous session. However, the yellow metal is set to end the week with gains as speculations that the U.S. Federal Reserve might pause rate hikes...
USD underperforms Major Currencies as Traders reassess Rate Outlook
The USD weakened on Thursday despite some support from higher U.S. Treasury yields. Markets remain uncertain about another U.S. rate hike next week following a series of dovish comments from Fed officials that supported...
