Tag: Economic indicators
Weekly Market Recap: Major Indices Close Higher and Up for the Week
The stock market had a positive week with major indices closing higher. The Nasdaq showed the strongest performance, leading the way for the Dow...
BoC Rate Cuts Accelerate, Flash PMIs Key for Growth – Action Forex
The Bank of Canada is expected to make a significant rate cut of 50 basis points at its October meeting, based on recent CPI...
Bostic Projects Neutral Policy Rate Between 3-3.50% | Forexlive
Foreign exchange trading is a risky venture that may not be suitable for everyone. It is important to understand the risks involved, especially with...
EURGBP Market Analysis: Weekly News Update (Oct 14 – Oct 18) – Action Forex
The EURGBP pair, also known as the “Chunnel” by traders, is a popular currency pair that reflects the economic relationship between the Eurozone and...
Federal Reserve President Mester: Neutral Rate Higher than Before | Forexlive
Federal Reserve President Mester recently stated that the neutral interest rate is higher than before. This statement has significant implications for the financial markets...
GBPUSD Price Action Analysis: US CPI Data Impact on Rangebound Trading | Forexlive
The USD saw a rise in value last Friday after a strong US NFP report. This caused the market to adjust its expectations for...
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...
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...
USD/JPY Rally Resumes Ahead of US Nonfarm Payrolls Report
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...
ISM Services Index Surges in Forex Market Update
The US dollar strengthened as the ISM services report showed a significant increase, reaching its highest level since February 2023. However, there was a...