Forex News

Fundamental Overview The Current State of the USD and CAD The USD remains on the backfoot as the US data continues to point to resilient growth with falling inflation. Yesterday, we got a good US Retail Sales report suggesting that the stories of deteriorating consumer spending might have been exaggerated. Overall, this should support the…

Charmingly Eccentric: A Closer Look at Ripple Short Term Forecast and Technical Analysis Hi Traders! Are you ready to dive into the world of Ripple short term forecast and technical analysis? If so, you’ve come to the right place! Here at the Home Trader Club, we specialize in providing valuable insights and tips for traders…

Yen Jumps, Dollar Slumps: A Recap of Today’s European FX Market on ForexLive Introduction Today in the European FX market, we witnessed some significant movements in the currency exchange rates, with the Japanese yen surging and the US dollar slumping. These fluctuations have caught the attention of traders and investors alike, leading to some interesting…

Fundamental Overview Crude Oil Market Crude oil has been on the backfoot ever since the last US NFP report as the market might have started to question the reasons to push into even higher highs. Things got even murkier as Trump’s odds of winning soared after the failed assassination attempt. He is a great supporter…

What’s Going on in the Global Economy? European Session Overview The main highlight in the European session was the UK CPI, which was a disappointment for the Bank of England as the data remained unchanged from the prior figures. This ruled out a rate cut in August, which many analysts were predicting. For the rest…

Traders Await BOE Meeting Outcome The August BOE Meeting Going into the report, traders were pricing in a relative coin flip for the Bank of England (BOE) meeting in August. With the headline, core, and services estimates all coming in unchanged, it’s hard to see a meaningful shift in the odds in the aftermath. Disinflation…

The Greenback Continues to Fluctuate Amidst Positive US Retail Sales Report Market Recap The greenback nudged slightly higher after the more upbeat US retail sales report here. But it gave back those gains late in the day, as stocks continue to rip higher in Wall Street. It’s been a stellar month for equities already, with…

Get Ready for Some Currency Action: UK Release and Inflation Estimates What to Watch For The UK release will be the main one to watch, especially since an August rate cut by the BOE remains a near 50-50 call. Headline annual inflation is estimated to ease to 1.9% but core annual inflation is estimated to…