5 Key Forex News Events You Should Follow
5 Key Forex News Events You Should Follow In the fast-paced world of currency markets, where significant movements can occur without warning, it’s crucial for new traders to understand the various economic indicators and forex news events that influence the markets. Quickly identifying which data to watch, understanding its implications, and learning how to trade […]
Asian Shares Rise, Kiwi Slumps as New Zealand Cuts Rates
Asian Shares Rise, Kiwi Slumps as New Zealand Cuts Rates Asian shares climbed on Wednesday following softer-than-expected U.S. producer price data, which bolstered hopes for mild consumer price inflation. Meanwhile, the New Zealand dollar (kiwi) tumbled after the Reserve Bank of New Zealand (RBNZ) cut interest rates for the first time since early 2020. European […]
EUR/USD Holds Below 1.1000 as Markets Await Eurozone GDP and US CPI Data
EUR/USD Holds Below 1.1000 as Markets Await Eurozone GDP and US CPI Data The EUR/USD pair is trading flat around 1.0990 during the early European session on Wednesday, as traders remain cautious ahead of the release of key economic data from both the Eurozone and the US. The focus is on the Eurozone’s Gross Domestic […]
Australian Dollar Declines as US Dollar Gains Strength Ahead of CPI Inflation Data
Australian Dollar Declines as US Dollar Gains Strength Ahead of CPI Inflation Data The Australian Dollar (AUD) has weakened against the US Dollar (USD) following an unexpected rate cut by the Reserve Bank of New Zealand (RBNZ) on Wednesday. The RBNZ reduced its Official Cash Rate (OCR) by 25 basis points to 5.25% from 5.50%. […]