Forex

The flash PMI data release slated this week in India, Japan, and Australia will be closely watched by investors and analysts. April’s data highlighted robust growth across these economies. India continued to grow at one of the strongest rates seen …

Key Points:  Australian dollar drops below $0.67 against the US dollar following weak employment data.  Increased unemployment and slow wage growth reduce rate hike expectations.  With optimism in economy of China, the Australian dollar may be bolstered as it is …

The current sentiment in the forex market is manifesting through interesting trends across key currency pairs, indicating potential shifts that traders should monitor closely. Starting with the GBP/USD pair, 56.68% of clients are currently bearish, with a short-to-long ratio of …

Key points: Asian Markets Rally: Fresh optimism about potential U.S. interest rate cuts boosts stocks across Asia, despite ongoing concerns in China and Japan. Major Economic Indicators: Upcoming reports on Japan’s GDP, Australian unemployment, and monetary policy in the Philippines …

Key points: China’s proposal to buy unsold homes lifts AUD/USD as the country attempts to support its struggling property market. This move is also positively affecting other major currencies like EUR, NZD, GBP, and CAD against the USD. China is …

Key Points:  The momentum of the USD has been influenced by hawkish monetary policy, with fewer than two rate cuts to be expected in 2024.  Recent softening economic data, including employment and manufacturing indicators, hint at a potential reversal in …

Key points Gold faced resistance at $2,375 and subsequently retreated, highlighting a potential retest of support at $2,280. EUR/USD broke past significant moving averages, suggesting a possible continuation of its upward trend. On Monday, gold prices failed to sustain an …

Key points: Investors are on high alert for the U.S. inflation report due this Wednesday, expected to influence future rate decisions. The Japanese yen approaches intervention-trigger levels, reviving concerns as it nears a two-week low against the U.S. dollar. The …

Key points: The dollar remains steady as investors anticipate US inflation updates. Speculations about Federal Reserve rate cuts shape market expectation. The dollar is holding its ground against major currencies as market participants await crucial US inflation data, set to …

As we edge closer to the CPI release on May 15, 2024, market participants are aware of the potential for this data to influence the Federal Reserve’s upcoming interest rate policies. This is especially crucial as it marks one of …