Tag: Forexlive
Nasdaq Eyes 200-Hour MA Support: Analysis and Outlook
The US stock market is experiencing a significant decline, with major indices showing downward trends. The Dow industrial average has dropped by 580.31 points, representing a decrease of 1.35% and settling at 42344. Similarly,...
Bank of Canada Decision and USD Soar: Economic Calendar Highlights
The USD/JPY currency pair has experienced a significant increase of 200 pips today, marking its fourth consecutive day of gains. This surge is a result of the foreign exchange market adjusting to a stronger...
European Economic Calendar: Key Events and Data Releases Today
As we turn our focus to European trading, the Japanese yen is making waves in the market. Key technical resistance levels are starting to break for yen pairs, adding some excitement to what has...
PBOC Expected to Set USD/CNY Reference Rate at 7.1262 – Reuters Estimate
The People's Bank of China is expected to set the USD/CNY reference rate at 7.1262 according to a Reuters estimate. This reference rate, due around 0115 GMT, plays a crucial role in determining the...
European FX Market Update: Volatile Trading Due to Lack of Catalysts | Forexlive
The European FX market saw a bit of a slow start today, with stocks edging lower in the morning trade. Major currencies didn't show much movement either. Bonds were in focus as there wasn't...
Euro Stoxx Futures Rise Slightly in Early European Trading
Euro Stoxx futures saw a slight increase in early European trading, indicating a positive start for the day. However, it is important to note that foreign exchange trading comes with high risks that may...
Kashkari: Inflation Not Caused by Labor Markets | Forexlive Analysis
Federal Reserve official Neel Kashkari recently made some interesting points during a discussion. He mentioned that inflation is not caused by the labor market, which goes against the common belief. He also highlighted the...
Forex Market Update: Dollar Strong, Gold Continues Rally in Quiet Trading | Forexlive
The forex market saw some interesting movements in the latest session. The dollar held steady, while gold continued its rally. Here's a weekly update on interest rate expectations and some key comments from ECB...
Germany September Producer Price Index (PPI) Report: -0.5% vs -0.2% Expected
The Producer Price Index (PPI) report for Germany in September showed a decrease of 0.5%, which was lower than the expected 0.2% decrease. This indicates a potential slowdown in the economy and may have...
Gold price reaches new high in early Asia trade on October 21, 2024
Gold prices surged to a new high in early Asia trade on October 21, 2024. This increase in gold prices has caught the attention of many investors looking to capitalize on the precious metal's...
