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EUR/USD Weekly Forecast – Action Forex
EUR/USD has been on a downward trend recently, with a strong break of the 55-day EMA at 1.1031 indicating a reversal in the near term. This suggests that the currency pair may experience further...
Saudi Arabia Raises Oil Prices for Asian Buyers, Exceeding Expectations | Forexlive
Saudi Arabia surprised the market by increasing oil prices for Asian buyers more than expected. According to a report by Bloomberg, Saudi Aramco raised the official selling price of its key Arab Light crude...
Dollar Rises on Fed Clarity, Oil Jumps on Wider Middle East War Fears –...
The financial markets saw a boost last week with the release of strong US employment data, aligning market expectations with the Federal Reserve's monetary policy outlook. The possibility of a 50bps rate cut in...
US Stock Market Gains Boosted by Strong Jobs Data | Forexlive
US stocks saw a boost despite rising yields thanks to strong jobs data and a tentative agreement reached by striking dockworkers. Here's a breakdown of the closing levels: - The Dow industrial average increased by...
Weekly USD/CHF Forecast: Latest Analysis and Trends – Action Forex
The USD/CHF pair saw a rebound from 0.8374 last week, breaking through the 0.8548 resistance level. This upward momentum is expected to continue this week, with the initial bias favoring the upside towards the...
Fed Meeting Analysis: WSJ’s Timiraos on September Payroll Impact – Forexlive
Foreign exchange trading can be risky, especially with leverage. Before trading, make sure you understand the risks and only invest money you can afford to lose. Seek advice from a financial advisor if needed. FOREXLIVE™...
US Jobs Report Drives USD, Yields, and Stock Prices Higher
The US jobs report for September exceeded expectations, with non-farm payrolls increasing by 254K compared to the anticipated 140K. The unemployment rate fell slightly to 4.1%, almost reaching 4.0%, and the participation rate remained...
European Central Bank Set to Cut Rates as Inflation Lowers
This week, there was a significant increase in the conflict in the Middle East as Israel attacked Hezbollah in Lebanon and Iran launched missiles at Israel. Despite this, the market reaction was limited. Oil...
NZDUSD Forecast: RBNZ Expected to Cut Rates by 50 BP
The Reserve Bank of New Zealand (RBNZ) is set to hold a meeting next week, with expectations running high for a significant 50 basis point interest rate cut. The meeting is scheduled for Wednesday...
US Dollar Strengthens as Focus Shifts to CPI Inflation – Weekly Preview
The US dollar made a strong comeback this week due to positive economic data and safe haven flows after tensions in the Middle East. Fed Chair Powell's comments about sticking with quarter-point rate cuts...