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US Stock Market Update: Stocks Hit Daily Lows | Forexlive
The stock market in the US is currently experiencing a downward trend, with major indices hitting daily lows. The Dow industrial average is leading the decline with a decrease of -1%. This decline is...
Gold Price Rebounds as Buyers Return to Blue Box Area – Action Forex
Gold prices have seen a rebound as buyers returned to the blue box area, according to a technical blog analyzing the 1-hour Elliott Wave Charts of Gold. The recent rally from the low on...
Milton Forecasted to Strengthen to Category 5 Hurricane | Forexlive
The most recent information from both NOAA and Air Force Hurricane Hunter aircraft suggests that Milton is rapidly getting stronger and has now been upgraded to a Category-3 hurricane. "The radar analysis indicates a...
RBNZ Policy Meeting: Will Interest Rates be Cut by 25 or 50 bps?
The Reserve Bank of New Zealand is expected to announce a rate cut during their policy meeting on Wednesday. The decision to cut rates comes as inflation in New Zealand continues to slow down,...
Europe Market Open: APAC Stocks Rise Amid Geopolitical Focus | Forexlive
APAC stocks had a strong start to the week after a positive performance on Wall Street last Friday, thanks to a stellar jobs report. European equity futures are also pointing towards a positive opening,...
US Dollar Strengthens as Federal Reserve Hawks Gain Momentum
Surprise! The US economy added over 250,000 new nonfarm jobs last month, bringing the unemployment rate down to 4.1%. Wages also saw faster growth than expected, with workers earning 4% more on average compared...
Australian Inflation: Melbourne Institute CPI September 2024 Up 0.1% | Forexlive
Australian inflation, as measured by the Melbourne Institute's Consumer Price Index (CPI), saw a slight increase of 0.1% in September 2024. This uptick may have implications for the broader economy and consumers in Australia.It's...
Eco Data Update: October 7, 2024 – Actionable Insights for Forex Traders
Here is the latest Eco Data Update for October 7, 2024, providing actionable insights for Forex traders. Let's take a look at the key events and data releases for today:- 00:00 GMT: In Australia,...
China’s Property Sector Sees Recovery with Increased House Sales During Holiday Period
China's National Day holiday started on October 1st and leading up to it, the Chinese government announced various economic stimulus measures, focusing on the property sector. These measures included reducing down-payment ratios, lowering mortgage...
GBP/USD Weekly Forecast and Analysis – Action Forex
Last week, GBP/USD broke below the 1.3265 support level, indicating a short-term peak at 1.3433. This week, the initial bias suggests a downward trend towards the 1.3000 cluster support level, which represents a 38.2%...