CURRENCIES: Gold Prices on Pause: Anticipation is high as traders wait for the upcoming Federal Reserve announcement and U.S. job data, causing gold prices to enter a holding pattern. Modest Decline Observed: Monday saw a slight drop in gold prices, …
CURRENCIES: Federal Open Market Committee (FOMC) and Non-Farm Payrolls (NFPs): Impact on USD: The upcoming week will see crucial inputs from the FOMC and NFPs, with significant implications for the U.S. dollar. Expectations are leaning towards stable interest rates with …
CURRENCIES: US Dollar Impact and Economic Indicators Recent weak PMIs have unsettled the US Dollar. Key economic indicators this week include Q1 GDP on Thursday and Core PCE on Friday. Despite a dip, potential for a short-lived US Dollar sell-off …
Forex Analysis: 19 April 2024 CURRENCIES Pound Sterling Analysis: GBP/USD, GBP/JPY Mixed economic signals and Bank of England (BoE) comments on inflation complicate GBP recovery. GBP/USD faces challenges gaining momentum, hovering below key resistance levels. GBP/JPY shows signs of stability …
Forex Analysis: 18 April 2024 USD & Stock Market CURRENCIES US Dollar’s Current Trajectory: Despite a recent pullback from multi-month highs, the US dollar remains bullish. This comes after senior Federal Reserve officials suggested a potential delay in easing monetary policy …
Forex Analysis: April 17 2024 US Dollar CURRENCIES U.S. Dollar Strengthens: The U.S. dollar saw gains as Fed Chair Powell adopted a hawkish stance. This occurred alongside a rise in U.S. Treasury yields, with the 2-year note nearing the 5.00% …
Forex Analysis: 16 April 2024 GBP/USD CURRENCIES GBP/USD Performance Analysis: The GBP/USD currency pair continues to decline amid signs of a weakening UK labor market. Unemployment in the UK rose to 4.2% in February, exceeding expectations and the previous month’s …
Forex Analysis: 15 April 2024 US Inflation CURRENCIES Overview of Market Trends: In the past week, gold prices spiked, the U.S. dollar soared, and the EUR/USD and GBP/USD pairs slumped. U.S. Inflation Developments: U.S. inflation rates have risen, leading to …
CURRENCIES Overview of Market Trends: In the past week, gold prices spiked, the U.S. dollar soared, and the EUR/USD and GBP/USD pairs slumped. U.S. Inflation Developments: U.S. inflation rates have risen, leading to a reduction in expectations for interest rate …
As the third week of April 2024 approaches, financial markets and policymakers around the globe are gearing up for a series of important economic reports. These releases are expected to provide valuable insights into the state of inflation, employment, and …
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