US Dollar rises after UoM positive data. Consumer confidence improves, inflation expectations were mixed. FOMC cuts rates by 25 bps, economic growth remains solid. The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, rose on Friday. This comes after positive University of Michigan data and the…
AUD/USD falls as the USD regains strength. RBA holds rates steady but remains hawkish, citing inflation risks. The Fed’s neutral outlook suggests caution regarding future rate cuts. The AUD/USD pair declined by 1.25% to 0.6600 on Friday, continuing its downtrend. The renewed strength of the US Dollar weighs on the pair despite improved risk sentiment….
Newsquawk Week Ahead Highlights Nov 11-15 Newsquawk Highlights include US and China CPI, US Retail Sales, UK and Australian Jobs MON: US Holiday: Veterans Day. BoJ SOO (Oct), BoC SLOS; Norwegian CPI (Oct) TUE: Fed SLOOS, OPEC MOMR; German CPI (Final), ZEW (Nov), UK Unemployment/Weekly Earnings (Sep), US NFIB (Oct) WED: Riksbank Minutes (Nov),…
Next Week’s Menu: November 9-15, 2024 November 8, 2024 Central Banks: The Bank of Mexico holds a scheduled policy review, and the Bank of Japan publishes a summary of its latest Board meeting. Fed Chairman Powell heads an extensive list of Fed officials with speaking engagements. Bank of England Governor Bailey, Reserve Bank of Australia…
Scammers have shifted to public review websites like TrustPilot and Google Business to impersonate representatives of the Cyprus Securities and Exchange Commission (CySEC), misleading investors into paying bogus fees, the regulator warned. The increase in these fraudulent activities has now prompted CySEC to issue a warning, urging the public to be vigilant and cautious when…
FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution Welcome…
By RoboForex Analytical Department EUR/USD is settling around 1.0785, assessing the market impact of this week’s events. With Donald Trump’s return as US President, the market is recalibrating expectations around inflation and economic policies that his administration may reintroduce. Trump’s protectionist stance could stir inflationary pressures, prompting the Federal Reserve to maintain higher interest rates than…
The strong dollar has become a defining force in global markets, shaping economies and influencing trade dynamics worldwide. As the world’s primary “invoicing currency,” a stronger dollar directly affects international commerce and economic stability. When the dollar gains strength, other currencies weaken, creating ripple effects across economies, especially in emerging market economies. Coupled with surging…
The AUDUSD price action this week was up and down. The close from a week ago was at 0.6558. The current price is at 0.6562. Not a lot of change at the current level. However, in between, the price moved higher into the election. It moved lower with the dollar buying through the election. It…
2024.11.08 2024.11.08 How to Trade EURUSD – Best Forex Strategies Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Today, I will deal with the most popular Forex trading asset – the EURUSD pair. We shall dive into the history of EURUSD, explore modern trends, and have a look at euro-dollar trading strategies. This overview will be of interest to both beginners…