How does VPS enhance performance in forex trading? Introduction In the world of forex trading, where timing and execution are critical, having a reliable and high-performance trading environment… Read More.. How can live chart tools optimize forex trading? Introduction Live chart tools have revolutionized forex trading by providing real-time data and analysis capabilities. These tools…
2024.05.29 2024.05.29 Economic calendar for the week 03.06.2024 – 09.06.2024 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ While some economists expect the Fed to begin its monetary policy easing cycle no earlier than the end of 2024 or the beginning of 2025, for the ECB these dates have already shifted to June. And just this week (03.06.2024 – 09.06.2024) the…
By RoboForex Analytical Department The AUD/USD pair rose to 0.6650 on Wednesday following the release of Australian economic data. Australia’s consumer price index (CPI) accelerated to 3.6% year-on-year in April, up from 3.5% in March. This slight increase in inflation could prompt questions about the Reserve Bank of Australia’s (RBA) future interest rate decisions. Despite the…
By JustMarkets The Dow Jones Index (US30) fell by 0.55% to a two-week low on Tuesday, while the S&P 500 Index (US500) gained 0.03%. The NASDAQ Technology Index (US100) closed positive 0.59%. Minneapolis Fed President Kashkari’s comments were somewhat hawkish for Fed policy and negative for stocks when he said the US economy remains “remarkably resilient” and the Fed should monitor whether…
How Does Monetary Policy Affect the Forex Market? Governments, and the central banks that operate within the countries, set monetary policy that is designed to help bolster the economy of that country. Central banks and monetary policy are two concepts that always go together. The reality is that you cannot have one without the…
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JAPANESE YEN OVERVIEW The Japanese services PPI spiked in April, marking the most significant increase since March 2015. This rise of 2.8% year-over-year surpassed the expected 2.3%, highlighting potential shifts in Japan’s monetary policy as the Bank of Japan aims to solidify customer inflation. USD/JPY Analysis The USD/JPY pair has been displaying a pattern of…
As shown by today’s GBP/JPY chart, the exchange rate has not only surpassed the psychological level of 200 yen per pound but has also exceeded the peak of 29 April 2024. The market is now experiencing prices last seen in 2008. The main driver of the pound’s strength against the yen is the difference in…
The Australian dollar is showing limited movement on Wednesday. AUD/USD is trading at 0.6647 in the European session, down 0.02% on the day at the time of writing. What will it take to shake up the Australian dollar? Australian retail sales were weaker than expected on Tuesday and today’s inflation report was higher than anticipated,…
The Pound Sterling drops after facing selling pressure near 1.2800 due to multiple tailwinds. A soft UK inflation outlook could prompt the BoE to start unwinding higher interest rates. The US Dollar recovers amid uncertainty ahead of the US core PCE price index. The Pound Sterling (GBP) corrects to 1.2750 against the US Dollar (USD)…