Last week’s shopping package Yesterday, the economic calendar was easy, starting from Switzerland’s KOF economic barometer, which showed good progress this month, followed by Spain’s consumer inflation CPI (Consumer Price Index). Inflation in Spain rose to 5.8% this month, while German GDP showed a 0.2% drop in economic activity for Q4. Mostly forex majors traded … Read more
Pound sterling analysis and talking points More uncertainty around the BoE on Fed guidance (Jerome Powell) makes US dollar conditions more interesting. US economic data including NFP and ISM to further clarify the picture. Will the rising wedge strike again? Recommended by Warren Venketas Get your GBP forecast GBP/USD Basic Forecast: BEARISH Trade Smart – … Read more
WTI Oil Price, Charts and Analysis: Recommended by Zain Vauda Download our new Q1 oil forecast Most Read: As the US dollar slows, gold holds the top position. Where is XAU/USD? WTI Basic view Crude oil has struggled since the week as technicals and fundamentals create the perfect cocktail. Chinese lunar holidays combined with some … Read more
ANI | Updated: January 22, 2023 15:44 IST Islamabad [Pakistan]January 22: Pakistan’s economic crisis is going from bad to worse. Foreign exchange reserves in the State Bank of Pakistan (SBP) recently touched a two-week low of $4.343 billion. This is only due to the inefficiency of the political class and the over-involvement of the military … Read more
US dollar (DXY) price and chart analysis US Treasuries eased on growing recession fears. Many months of support can be retried. Recommended by Nick Cawley Forex for beginners Most Read: The US dollar (DXY) remains under pressure ahead of important US data U.S. Treasury yields fell on Wednesday after the latest set of data showed … Read more
The market continues to hold positive sentiment as the latest economic data is interpreted as good news Alleviating the strength and price pressures in the labor market. Fed Chairman Powell did not touch on monetary policy or the latest data set, allaying fears for the market and giving him more confidence to continue the rally. … Read more
Yesterday’s shopping package The market’s focus shifted to Jerome Powell after the US dollar weakened following the ISM service cut last Friday, although he did not touch on monetary policy and rate hikes. Traders took that as a reassuring sign that the US dollar continued to decline on Tuesday, while risk assets continued their bullish … Read more
EUR/USD price, chart and analysis EUR/USD is looking at the end of May. The US dollar appears to be oversold but further losses are possible. Recommended by Nick Cawley Download our new Q1 Euro forecast For all market-moving economic releases and events, see DailyFX Calendar The greenback weakness seen in the US dollar against various … Read more
Key Insights: Dogecoin (DOGE) and shiba inu coin (SHIB) spent bullish sessions on Friday. U.S. economic indicators and the NASDAQ index were supported as investors awaited updates on Shibarium and Twitter updates. Technical indicators are mixed with signs pointing to further SHIB gains. Shiba Innu Coin (SHIB) rose 0.60% on Friday. SHIB ended the day … Read more
Eurozone PMI Key Points: The latest Eurozone composite output index was at 49.3 (November: 47.8). 5-month max. Final Eurozone services business activity index at 49.8 (November: 48.5). 4-month maximum. Recommended by Zain Vauda Get your free Euro forecast The seasonally adjusted S&P Global Eurozone PMI composite output index was sub-50 for the sixth consecutive month … Read more