Tag: Forex market update
US Retail Sales in Focus as Yen Rebounds: Forexlive Americas FX News Wrap
The focus was on US retail sales for October, which came in lower than expected at -0.1% compared to the expected +0.3%. Despite the headline number, some analysts pointed out that there was a...
Dollar Risk of Extended Correction: Election Volatility Fade Implications
Last week, the global financial markets experienced significant volatility due to the US presidential election. Surprisingly, Donald Trump emerged as the winner, leading to optimism in US equity markets and record highs for major...
Worst Non-Farm Payrolls Reading Since 2020: Forexlive Americas FX News Wrap
The latest economic data in the US has caused some turbulence in the markets. The US October non-farm payrolls came in at +12K, falling far short of the expected +113K. This led to an...
GBPUSD Trading Range Forecast: 1.2900 – 1.3000 Key Levels – Action Forex
GBPUSD recently lost momentum as it approached the uptrend line, signaling a potential shift in the market. Although the pair broke the long-term ascending trendline, it is currently trading within a narrow range after...
Eco Data Analysis: Key Insights for Forex Traders 10/23/24
The latest Eco Data Analysis provides key insights for Forex traders to consider. Here is a breakdown of the recent economic events:1. CAD BoC Interest Rate Decision:
- Actual: 3.75%
- Forecast: 4.25%
The Bank of Canada...
USD/JPY Unaffected by Japan’s September Inflation Data – Forexlive
The USD/JPY exchange rate was not affected by Japan's September inflation data, according to a report by Forexlive. Foreign exchange trading is risky and may not be suitable for all investors. It is important...
GBP/USD Falls Below 1.30 on Weak Inflation Report
The British pound experienced some movement on Wednesday after a period of stagnation. During the European session, GBP/USD was trading at 1.2992, showing a decrease of 0.62% for the day. This drop caused the...
Gold Price Rebounds as Buyers Return to Blue Box Area – Action Forex
Gold prices have seen a rebound as buyers returned to the blue box area, according to a technical blog analyzing the 1-hour Elliott Wave Charts of Gold. The recent rally from the low on...
GBP/USD Exchange Rate Rises to 1.3200 Following UK Inflation Data
The GBP/USD Exchange Rate Soars to 1.3200 After UK Inflation Data ReleaseThe GBP/USD exchange rate experienced a significant surge following the release of UK inflation data, reaching as high as 1.3205. Prior to the...
US Dollar Strengthens Before Nvidia Earnings: Forexlive Americas FX News Wrap
US Dollar Strengthens Ahead of Nvidia EarningsThe US dollar showed strength in the forex markets as investors awaited the highly anticipated Nvidia earnings report. This surge in the dollar was influenced by a variety...
