Forex News

The Reemergence of Japanese Yen Carry Trades Market Concerns Diminishing in the United States With market concerns surrounding a hard economic landing in the United States diminishing over the past month, it has allowed Japanese yen carry trades to be reestablished, seeing capital flow towards parts of the world that are currently outperforming. The UK…

The Impact of Speculation on Chinese Yuan and Equity Markets Unlocking Potential Wave of Discretionary Spending By: Anonymous The Chinese yuan and equity markets were flying high last Friday, with gains being made on the speculation that policymakers may allow households to refinance their mortgages at substantially lower levels. This news has sparked excitement as…

EUR/USD Extends Losses on Weak Economic Data Market Overview EUR/USD tilted further into the red on Friday, extending a downside move into a third straight day and dragging Fiber down to 1.1050 to round out the trading week. EU inflation figures released early Friday failed to impress anybody in particular, and US Personal Consumption Expenditure…

Unlocking the Potential: AUD/USD Set to Soar as RBA Takes Cautious Approach Exploring the Upsurge of the AUD/USD Pair The AUD/USD pair has been making waves in the forex market, showing promising signs of a potential resurgence. Trading near 0.6802, the pair has been consolidating within a sideways range at its local peaks towards the…

The Impending Fed Rate Cut and Its Global Implications What to Expect in 2024 The long-anticipated Fed rate cut for 2024 is nearing, with upcoming employment indicators set to play a crucial role in determining its magnitude, alongside today’s US Core PCE data. Investors and market analysts are eagerly awaiting the Federal Reserve’s decision, which…

Technical Analysis: Market Update Current Market Trends The current market is trying to remain above the 1.3480 barricade with the technical oscillators suggesting more buying interest. The stochastic is pointing upwards following a bullish crossover within its %K and %D lines, while the RSI is flattening near the 30 level after it bottomed in the…

The Importance of Economic Data on Forex Trading Understanding the Impact of Retail Sales and PCE Price Index on EUR/USD Pair As the EUR/USD pair recovers some lost ground around 1.1080, traders are closely watching the upcoming economic data releases to gauge the direction of the market. The two-day losing streak on Friday has left…

The Resilience of Gold in the Face of Economic Surprises Today, the world watched in awe as the yellow metal briefly shed $20 on the release of a bigger-than-expected upward revision to Q2 GDP. The unexpected news sent shockwaves through the financial markets, with many traders speculating on the future of gold prices. Some analysts…