Tag: Financial market updates
Forex Market Analysis: Sunset Market Commentary Guide
The European Central Bank (ECB) Executive Board member Isabel Schnabel has expressed a cautious stance on the current accommodative monetary policy. Despite the recent dovish sentiment within the central bank, Schnabel believes that the...
Gold Price Forecast: XAU/USD Rebounds from Two-Month Low
Gold prices experienced a rebound from a two-month low on Monday, following a two-week pullback that saw a 6.5% decrease from its recent record high. The pullback found support around the $2540 zone, which...
Upcoming Economic Events: UK Data, RBA Minutes, Japanese CPI | Forexlive
This week, there are several important economic events to keep an eye on. On Monday, the G20 meeting in Brazil will set the tone for the week.On Tuesday, the Reserve Bank of Australia...
US 500 Index Short-Term Recovery – Action Forex
The US 500 index has shown signs of a short-term recovery as it bounced off the 50-day SMA and the 5,720 support level. However, technical indicators like RSI and MACD are indicating weakening momentum.Currently,...
Forexlive Weekly Market Outlook: 28-01 November
Upcoming Economic Events to Watch This WeekThis week is packed with important economic events that could have a significant impact on the global markets. Here's a breakdown of the key events to watch out...
Eco Data Forecast for October 22, 2024 – Action Forex
On October 22, 2024, there are several economic data releases to keep an eye on. Let's take a closer look at the forecasts and actual figures for some key events.Starting with New Zealand, the...
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...