Tag: Economic indicators

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...

The USD/JPY pair has resumed its rally, breaking above the 145.00 resistance level. On the 4-hour chart, a bullish trend line is forming with support at 145.80. This indicates a positive momentum for the...

The US dollar strengthened as the ISM services report showed a significant increase, reaching its highest level since February 2023. However, there was a slight concern as the employment indicator dropped below 50, just...

The Euro's attractiveness has decreased recently due to expectations of rate cuts by the European Central Bank (ECB). This is influenced by weaker economic data and comments from policymakers indicating a dovish stance. The...

Doubts Surrounding Fed's Credibility David Tepper, the founder and president of Appaloosa Management, recently voiced concerns about the credibility of the Federal Reserve and urged for two to three more rate cuts. Tepper emphasized the...

The Consumer Confidence Index, a key indicator of consumers' perception of the economy, saw a sharp decline in September according to the latest report from the Conference Board. The index dropped to 98.7, down...

Stock Market Update: NASDAQ and S&P Indices Finish Week with Five Consecutive Days of GainsIn a week that saw significant volatility in the stock market, the NASDAQ and S&P indices managed to finish with...

Stock Market PerformanceThe stock market closed out the week on a high note, with both the NASDAQ and S&P indices posting gains for five consecutive days. This streak of positive performance comes after a...

Sunset Market Analysis: Insights for Forex TradersAs the sun sets on another day in the financial markets, traders are left sifting through the noise to find actionable insights for their next move. In today's...

The UK Employment Data: Market Caution and AnalysisIn the world of forex trading, the markets have been experiencing a sense of caution and analysis in today's Asian session. Most major currency pairs have been...