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European FX Market Update: Volatile Trading Due to Lack of Catalysts | Forexlive
The European FX market saw a bit of a slow start today, with stocks edging lower in the morning trade. Major currencies didn't show much movement either. Bonds were in focus as there wasn't...
Bears Eye Break Below Daily Cloud Base in Cable Consolidation – Action Forex
Cable, which refers to the British Pound against the US Dollar, is currently in a consolidation phase around the key support level of 1.30. This consolidation comes after a recent drop, giving the bears...
Euro Stoxx Futures Rise Slightly in Early European Trading
Euro Stoxx futures saw a slight increase in early European trading, indicating a positive start for the day. However, it is important to note that foreign exchange trading comes with high risks that may...
US Election Risks Leave Aussie Unsettled – Forex Market Analysis
AUD/USD is starting the week on shaky ground, trading at its lowest levels in over five weeks in the mid-0.66s. This week's economic calendar is relatively light on both local and international fronts. However,...
USD/JPY Rises Above 150: Verbal Intervention Threat
Mizuho mentioned in their weekly outlook that there is a threat of verbal intervention as USD/JPY rises above 150. This is definitely something to pay attention to today, especially since USD/JPY has increased by...
Eco Data Forecast for October 22, 2024 – Action Forex
On October 22, 2024, there are several economic data releases to keep an eye on. Let's take a closer look at the forecasts and actual figures for some key events.Starting with New Zealand, the...
Kashkari: Inflation Not Caused by Labor Markets | Forexlive Analysis
Federal Reserve official Neel Kashkari recently made some interesting points during a discussion. He mentioned that inflation is not caused by the labor market, which goes against the common belief. He also highlighted the...
UK’s Consumption Puzzle and Monetary Easing: Insights from BoE’s Greene
In a recent article for the Financial Times, Megan Greene, a member of the BoE's MPC, shed light on the challenges surrounding the UK's consumption trends, labeling it a "consumption conundrum." Despite the fact...
Forex Market Update: Dollar Strong, Gold Continues Rally in Quiet Trading | Forexlive
The forex market saw some interesting movements in the latest session. The dollar held steady, while gold continued its rally. Here's a weekly update on interest rate expectations and some key comments from ECB...
ECB’s Kazimir: Disinflation Progress Encouraging, More Evidence Required
ECB Governing Council member Peter Kazimir shared his thoughts on the current disinflation progress in a recent blog post. According to Kazimir, the trend towards lower inflation is looking positive and stable.He mentioned that...