Tag: Business
US Personal Income Rises 0.6% in October, Core PCE Inflation Reaches 2.8% Year-Over-Year
In October, personal income in the United States increased by 0.6% compared to the previous month, surpassing the expected 0.3% rise. This growth amounted...
Forex Market Analysis: Sunset Market Commentary Guide
The European Central Bank (ECB) Executive Board member Isabel Schnabel has expressed a cautious stance on the current accommodative monetary policy. Despite the recent...
US 100 Index Rally Stalls: What’s Next for Traders?
The US 100 index is currently trading sideways, just below its all-time high, as it grapples with the August 5, 2024 trendline. Market sentiment...
Loonie’s Turbulent Times: What to Expect and How to React – Action Forex
The Canadian dollar took a hit recently, dropping over 1.4% against the US dollar. This drop came after President Trump's threats to impose new...
EUR/USD Mid-Day Analysis and Forecast – Action Forex
The EUR/USD mid-day analysis shows that the intraday bias remains neutral and the outlook is unchanged. While there may be more consolidations above the...
December Rate Cut Debate: Analysis by Fed’s Kashkari – Action Forex
Minneapolis Federal Reserve President Neel Kashkari recently shared his thoughts on the upcoming December meeting, hinting at the possibility of a rate cut. In...
RBNZ Expected to Cut Rates Before US and Eurozone Inflation Updates
The Reserve Bank of New Zealand is gearing up for its last policy meeting of 2024, with expectations high for a rate cut of...
EUR/USD Hits New Low in 2023 – Forex Trading Analysis
The latest PMI figures were just released, and unfortunately, they were not as positive as analysts had hoped. Both the Flash Manufacturing PMI and...
Gold (XAUUSD) Elliott Wave Analysis: Next Leg Higher – Action Forex
Gold (XAUUSD) has been showing an interesting Elliott Wave pattern in the short term. The recent rally ended at 2790.07, marking the completion of...
AUD/USD Recovery Faces Headwinds: Upside Still Restricted – Forecast and Analysis
The Australian Dollar (AUD) continued to decline against the US Dollar (USD) and tested the 0.6440 support level. However, it managed to bounce back...
BREAKING NEWS
HSBC: Top FX Bank in APAC for FX Markets
In the world of FX trading in Asia-Pacific (Apac), things are really heating up with volumes skyrocketing due to increased volatility. HSBC, a major...
