EUR/USD Holds Steady Ahead of ECB Lagarde’s Speech
EUR/USD Holds Steady Ahead of ECB Lagarde’s Speech The EUR/USD pair remains stable, trading slightly above the psychological support level of 1.0500 at the start of the week. The currency pair consolidates as the US Dollar (USD) rally pauses after hitting a fresh annual high. The US Dollar Index (DXY), which measures the Greenback against […]
What is CPI in Forex, and How Can You Use It for Trading?
What is CPI in Forex, and How Can You Use It for Trading? The Consumer Price Index (CPI) is a critical economic indicator that measures the change in the price level of a basket of consumer goods and services. It’s a widely recognized gauge of inflation and plays a significant role in influencing monetary policy […]
WTI Holds Steady Near $68.50 Amid US Dollar Strength
WTI Holds Steady Near $68.50 Amid US Dollar Strength West Texas Intermediate (WTI), the benchmark for US crude oil, trades near $68.40 on Friday, maintaining stability as a sharp drop in US gasoline inventories counterbalances concerns about an oversupply. According to the latest report from the Energy Information Administration (EIA), US crude stocks rose by […]
Gold Price Faces Pressure Ahead of US Retail Sales Data
Gold Price Faces Pressure Ahead of US Retail Sales Data Gold (XAU/USD) struggles near $2,570 on Friday, failing to sustain momentum after rebounding from a two-month low in the previous session. The precious metal remains under selling pressure due to the strength of the US Dollar (USD) and uncertainty surrounding the Federal Reserve’s (Fed) pace […]
EUR/USD Nears 1.0550 After Rebounding from Yearly Lows
EUR/USD Nears 1.0550 After Rebounding from Yearly Lows The EUR/USD pair has broken its five-day losing streak, trading close to 1.0540 during the Asian session on Friday. This recovery appears to stem from a pullback in the US Dollar (USD) following recent remarks by Federal Reserve Chair Jerome Powell. Powell noted that the US economy […]
Japanese Yen Stays on Defensive, Hovering Near 156.00 Against the US Dollar
Japanese Yen Stays on Defensive, Hovering Near 156.00 Against the US Dollar The Japanese Yen (JPY) continues to weaken against the US Dollar (USD), marking its fourth consecutive day of losses on Thursday, as it dips below the 156.00 level for the first time since July. Despite a notable increase in Japan’s Producer Price Index […]
Australian Dollar Struggles as US Dollar Strengthens Ahead of US PPI Release
Australian Dollar Struggles as US Dollar Strengthens Ahead of US PPI Release The Australian Dollar (AUD) remains under pressure against the US Dollar (USD) following Thursday’s economic data releases. Australia’s Consumer Inflation Expectations fell to 3.8% in November, down from 4.0% in October, marking the lowest level since October 2021. Australia’s Unemployment Rate, seasonally adjusted, […]
EUR/USD Approaches Yearly Lows Near 1.0550 Ahead of Eurozone Q3 GDP and US PPI Reports
EUR/USD Approaches Yearly Lows Near 1.0550 Ahead of Eurozone Q3 GDP and US PPI Reports EUR/USD continues its downward trend for the fifth consecutive day, trading near 1.0550 during Thursday’s Asian session, hitting new yearly lows. The pair’s decline is primarily driven by the strengthening US Dollar (USD), fueled by “Trump trades.” Investors are now […]
Understanding Cryptocurrency CFD Trading: How It Works
Understanding Cryptocurrency CFD Trading: How It Works The finance world has transformed with the rise of cryptocurrencies, opening new pathways for investors. One of these pathways is cryptocurrency trading through Contracts for Difference (CFDs). As popular digital assets like Bitcoin, Ethereum, and numerous altcoins continue to grow, cryptocurrency CFD trading offers unique opportunities within this […]
Gold Price Eases as USD Strength Weighs Ahead of Key US CPI Release
Gold Price Eases as USD Strength Weighs Ahead of Key US CPI Release Gold (XAU/USD) has trimmed part of its modest intraday recovery gains but continues to hold above $2,600 in early European trading on Wednesday. Investors’ cautious sentiment around US President-elect Donald Trump’s potential trade tariffs and their impact on global markets has led […]
US CPI Inflation Data Expected to Rebound in October as Markets Assess Trump Victory Impact
US CPI Inflation Data Expected to Rebound in October as Markets Assess Trump Victory Impact The Bureau of Labor Statistics (BLS) is set to release the United States (US) Consumer Price Index (CPI) data for October on Wednesday at 13:30 GMT, with significant market interest expected. The US Dollar (USD) is likely to experience high […]
EUR/USD Drops Near 1.0600 Ahead of US Inflation Data
EUR/USD Drops Near 1.0600 Ahead of US Inflation Data The EUR/USD pair continues its downward trajectory on Wednesday, hovering just above the 1.0600 mark during Asian trading. This marks the fourth consecutive day of losses for the Euro, with downward momentum driven largely by a strengthening US Dollar (USD). The recent pressure on the EUR/USD […]
Understanding Forex Spreads: Definition, Types, and Calculation
Understanding Forex Spreads: Definition, Types, and Calculation In forex trading, understanding spreads is essential for maximizing profitability. This guide explores what forex spreads are, how they function, and how to calculate and monitor them effectively. What is a Spread in Forex? In forex, the spread is the difference between the ask price and the bid […]
WTI Slips to Near $68.00 on Disappointment Over Chinese Stimulus, Stronger US Dollar
WTI Slips to Near $68.00 on Disappointment Over Chinese Stimulus, Stronger US Dollar West Texas Intermediate (WTI), the US crude oil benchmark, trades around $68.00 on Tuesday as it faces downward pressure from concerns about trade tensions and weak demand growth in China. Fears are mounting that the Trump administration’s plans for new tariffs could […]
Japanese Yen Continues Consolidation Against USD Amid Mixed Signals
Japanese Yen Continues Consolidation Against USD Amid Mixed Signals The Japanese Yen (JPY) remains directionless, fluctuating between small gains and losses against the US Dollar (USD) as the European session begins on Tuesday. Investors appear increasingly skeptical about the Bank of Japan’s (BoJ) capacity for further monetary tightening, given Japan’s current political landscape. The October […]
USD/CHF Gains Above 0.8800 as Investors Await US CPI Data
USD/CHF Gains Above 0.8800 as Investors Await US CPI Data The USD/CHF pair sees some buying interest around 0.8810 in early European trading on Tuesday, supported by a stronger US Dollar (USD). Key Federal Reserve officials—Christopher Waller, Thomas Barkin, Neel Kashkari, and Patrick Harker—are scheduled to speak later in the day. Investors also look ahead […]
Gold Price Pressured Near Daily Low Amid Trump-Driven USD Strength
Gold Price Pressured Near Daily Low Amid Trump-Driven USD Strength Gold (XAU/USD) continues last week’s slide, facing additional selling pressure for a second day on Monday amid a robust US Dollar (USD) outlook. Optimism over US President-elect Donald Trump’s anticipated expansionary policies has bolstered the USD, pushing it near a four-month high reached last week, […]
Japanese Yen Lingers Near Daily Lows Around Mid-153.00s vs. USD Amid BoJ Uncertainty
Japanese Yen Lingers Near Daily Lows Around Mid-153.00s vs. USD Amid BoJ Uncertainty The Japanese Yen (JPY) faces selling pressure at the start of the week as the Bank of Japan (BoJ) released a Summary of Opinions from its October meeting, revealing a lack of consensus among policymakers on the timing of potential rate hikes. […]