Tag: Economy
Baker Hughes Oil Rigs Hold Steady at 479 for the Week
Baker Hughes, a leading oilfield services company, reported that the number of active oil rigs in the United States held steady at 479 for...
BOE’s Policy and Rate Cuts: Impact of Disinflation on Forex Trading
The recent news from the Bank of England (BOE) regarding their policy and potential rate cuts has been causing a stir in the forex...
China Officials to Hold Briefing at 0800 GMT: What to Expect
Foreign exchange trading is a risky endeavor that may not be suitable for all investors. It is important to be aware of the risks...
EUR/USD Daily Analysis: Forex Forecast and Trading Strategies
The EUR/USD daily analysis shows that the forex forecast and trading strategies are currently in a consolidation phase. The intraday bias for the EUR/USD...
BOE Governor Bailey: Services Inflation Needs to Decrease Broadly | Forexlive
BOE Governor Andrew Bailey emphasized the need for a decrease in services inflation during a recent speech. He highlighted the importance of addressing inflation...
Spain October Services PMI Misses Expectations with a Reading of 54.9
In October, Spain's services sector experienced a slight weakening in growth momentum, with a PMI reading of 54.9, falling short of expectations set at...
USDCAD Price Action Approaches Hourly Moving Averages
The USDCAD had a downward movement and tested the support level at 1.3813 towards the end of the trading day, hitting a low of...
BoJ Minutes: Yen Stabilization Allows Monitoring of Global Economic Risks
The Bank of Japan recently held a meeting in September where they discussed their monetary policy in light of global economic uncertainties. During the...
EURUSD Price Analysis: Buyers Pushing to New Highs Near Resistance Cluster
The EURUSD continues to rise, despite the release of stronger services ISM non-manufacturing data today. Employment numbers have increased, while new orders and prices...
ISM Services Index Reaches 27-Month High in October
The ISM Services index surprised analysts by rising to 56.0 in October, exceeding the expected pullback to 53.8. This marks the highest level since...