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 and the S&P. However, the small cap Russell 2000 closed...
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 data. However, there is some uncertainty in the markets regarding...
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 the use of leverage. Before diving into foreign exchange trading,...
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 the United Kingdom. The euro is influenced by economic data...
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 and investors.The neutral interest rate, also known as the equilibrium...
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...
