The forex market is currently experiencing cautious trading as investors carefully consider the potential trajectory of the US Federal Reserve’s rate hikes. Amidst these deliberations, the Japanese yen has maintained its position just below the psychologically significant threshold of 145 per US dollar in terms of yen conversion. The US dollar faced downward pressure due to …
Yen Conversion Remains Tentative as Dollar Softens Read More »
The foreign exchange market, commonly known as the forex market, is abuzz with excitement as the USD/JPY pair experiences a significant surge. The pair is bolstered by positive economic indicators from the United States and Japan. Hence, the buying rate for the dollar has soared, propelling the USD/JPY exchange rate towards the psychologically important 145.00 …
Buying Dollar Rate: USD/JPY Rise With US Economy Read More »
In the fast-paced world of forex trading, where currencies fluctuate in response to various economic factors, the NZD/USD and AUD/NZD pairs have recently displayed notable movements. This article delves into the recent performance of these pairs, highlighting the impact of key events and upcoming economic reports on their exchange rates. From forex day trading strategies …
During the latest forex trading day, there have been notable movements in major currency pairs, drawing significant attention to the USD/CAD and AUD/USD. The exchange rates of these pairs have experienced fluctuations influenced by recent economic data and global factors. In this article, we will delve into the most recent developments in the forex market, …
The foreign exchange or forex market continues to be a bustling hub where currencies from around the world are traded every trading day. Two key currency pairs, EUR/USD and GBP/USD have recently shown significant movements. They have garnered close attention from investors and traders, including those interested in profitable forex trading and forex CFD. In …
Forex Market News: Appeal for Buying Japanese Yen The forex market is witnessing notable volatility as multiple currencies strengthen against the Japanese Yen, leading to growing concerns within Japan’s financial authorities. The rapid depreciation of the Yen raises apprehension as it threatens to undermine the nation’s robust economic recovery. This article delves into the recent …
Forex Market News: Appeal for Buying Japanese Yen Read More »
Forex Market: EUR/USD and USD/JPY Gain Momentum In the fast-paced realm of forex trading, the currency markets have experienced notable momentum in recent times. This article presents a comprehensive analysis of the latest advancements in two major currency pairs, namely EUR/USD and USD/JPY, illuminating their trends and forthcoming economic indicators. Traders and investors carefully monitor …
GBP/USD and USD/CHF Await Central Bank Decisions The forex market has been buzzing with activity, with two major currency pairs, GBP/USD and USD/CHF, capturing traders’ attention. Both pairs experienced significant movements, leaving investors eagerly awaiting key events impacting their future trajectories. In this article, we delve into the recent developments in these currency pairs, shedding …
GBP/USD and USD/CHF Await Central Bank Decisions Read More »
A Look into the European Forex Markets In the dynamic world of international finance, the European forex markets hold a prominent position, offering investors and traders numerous opportunities for growth and profitability. This article delves into two key players in the European forex landscape: the UK’s FTSE 100 and the Euro STOXX 50. We will …
Inflation in the US slowed to four percent in May, marking its lowest level since March 2021, according to the Bureau of Labor Statistics. This supports the Federal Reserve’s intention to conclude a series of aggressive interest rate hikes this week. The Consumer Price Index (CPI) and core CPI, excluding food and energy prices, both …
Russia’s central bank kept the key interest rate at 7.5 percent, curbing the need to raise interest rates to curb inflation. At the same time, it lowered the inflation forecast at the end of this year by 50 basis points and improved the GDP estimate, reports Reuters. The Russian central bank had a series of …
The Central Bank of Russia Kept the Key Interest Rate at 7.5% Read More »
The recent suspension of the US debt ceiling, along with positive indicators from the global economy and hopes of stabilized US interest rates, have bolstered risk-sensitive currencies. Among them, the New Zealand dollar (NZD) has exhibited strength, with a rise of over 1% since the beginning of the month. Despite experiencing a sharp decline after …
Recent Developments Boost Risk-Sensitive Currencies Read More »
Chinese stocks rebounded sharply as optimism that the US Federal Reserve will halt interest rate hikes in June helped reignite investors’ desire for riskier investments. The Hang Seng China Enterprises index rose by as much as 4.61 percent in one day (at 08:30 CET), the most in three months, led by real estate and technology …
Chinese Stock Markets Rebound on Positive US News Read More »
Saudi Arabia registered a budget deficit in the Q1 of the year as the government boosted spending on wages and economic diversification projects. The country had a shortage of 2.9 billion riyals ($770 million). Government revenue increased in the first quarter, extended by higher non-oil gains, but outpaced by an almost 30 percent advancement in …
The Saudi Arabia Budget Is Again in Deficit in Q1 Read More »
Job postings in the United States declined for the third month in a row in March. Meanwhile, the layoffs reached their highest level in more than two years, according to statistics released on Tuesday. Investors hold onto hopes that a weaker labor market may help the Federal Reserve battle inflation. The US dollar index, which …
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