Tag: Economic indicators
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 rate cuts, aligning more closely with the Fed's projections. Moving...
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...
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 term. This suggests that the currency pair may experience further...
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 support at 145.80. This indicates a positive momentum for the...
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 slight concern as the employment indicator dropped below 50, just...
EUR/USD Update: Euro Vulnerable on Rate Cut Bets and Safe Haven Flows
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...
Fed credibility at stake: David Tepper urges for two to three more rate cuts
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...
Consumer Confidence Index Drops Sharply in September
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...
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...
Forexlive FX News Wrap: Stocks Close 5-Day Streak, FOMC Next Week
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...