Tag: Market trends

The EUR/USD pair is currently experiencing a neutral bias for the day, with a possibility of more consolidations. However, the overall outlook remains bearish as long as the 1.0760 support turned resistance level is...

Next week, there are several important economic events to keep an eye on. On Monday, the US NAHB Housing Market Index will be released. Tuesday will bring the RBA Meeting Minutes, Canada CPI, US...

In the United States, the pace of inflation is slowly decreasing. In October, services prices pushed the Consumer Price Index up by 2.6% annually, marking the first acceleration in this measure since Q1. Despite...

On November 15, 2024, several economic indicators were released, impacting the forex markets. Let's take a closer look at some of the key data points. Starting with New Zealand, the Business NZ PMI for October...

The AUD/USD pair started the week on a stable note, trading around 0.6590 after experiencing a notable drop last Friday due to concerns about China's economic stimulus measures. Investors were left wanting more details...

The Bank of Japan recently released a summary of their October meeting, sparking a debate on the timing of a potential rate hike. According to Reuters, the Summary revealed that there is a division...

Bitcoin has reached a new all-time high, surpassing the previous peak set on 14 March. The price of Bitcoin surged past $75,300 per coin, showing a significant increase in value. This surge coincides with...

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 July 2022. The employment sub-index also saw a significant increase...

China's Caixin Services PMI saw a significant rise to 52.0 in October, surpassing expectations and showing the highest rate of growth in three months. This growth is part of a continued expansion trend that...

The GBP/USD pair saw a decline from 1.3433 last week, dropping to 1.2842 before bouncing back. The outlook for this week is uncertain, with a neutral bias for potential consolidations initially. However, a further...