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China October CPI Data Shows Slight YoY Increase, Deflation Concerns Remain
China's October Consumer Price Index (CPI) data was released, showing a slight year-on-year increase of 0.3%. This is lower than the 0.4% reported in September and below the expectations of economists, who had predicted...
US Dollar Strengthens as Yields Ease – Forexlive Americas FX News Wrap
The US Dollar strengthened as yields eased on Friday, with various economic indicators and market movements shaping the day's events. In Canada, the October employment change came in at +14.5K, slightly below the expected...
Gold Price Forecast: Analyzing Potential Corrections and Opportunities
Gold prices experienced a significant drop of over 3% following the announcement of the presidential election results, resulting in cumulative losses exceeding 5% from late October to the recent low. However, the situation does...
Baker Hughes Oil Rigs Hold Steady at 479 for the Week
Baker Hughes, a leading oilfield services company, reported that the number of active oil rigs in the United States held steady at 479 for the week. This news indicates stability in the oil industry...
US CPI Data to Drive Market Focus in Coming Week
After the surprising return of Donald Trump to the White House, the markets are experiencing a period of euphoria. Wall Street, Bitcoin, and the US dollar have all seen significant gains. Treasury yields have...
BOE’s Policy and Rate Cuts: Impact of Disinflation on Forex Trading
The recent news from the Bank of England (BOE) regarding their policy and potential rate cuts has been causing a stir in the forex trading market. Analysts are closely examining various factors such as...
Ethereum Rally Halts at Crucial Resistance Level – Action Forex
Ethereum has been seeing a positive trend in its value following the US presidential election results. The cryptocurrency managed to climb above the 2,810 mark for the first time since August, indicating a strong...
China Officials to Hold Briefing at 0800 GMT: What to Expect
Foreign exchange trading is a risky endeavor that may not be suitable for all investors. It is important to be aware of the risks involved, especially when using leverage, as it can increase your...
EUR/USD Daily Analysis: Forex Forecast and Trading Strategies
The EUR/USD daily analysis shows that the forex forecast and trading strategies are currently in a consolidation phase. The intraday bias for the EUR/USD remains neutral as long as it stays above the temporary...
Bitcoin Price Forecast: JP Morgan Predicts 8-Week Rally Due to ‘Trump Trade’
Bitcoin price forecast: JP Morgan predicts an 8-week rally due to the 'Trump Trade'According to JP Morgan, the price of Bitcoin is expected to experience an 8-week rally due to the 'Trump Trade'. This...