CPI and Forex: How CPI Data Affects Currency Prices
CPI and Forex: How CPI Data Affects Currency Prices In the ever-dynamic world of the forex market, a multitude of factors influences currency prices. Among these, the Consumer Price Index (CPI) stands out as a significant economic indicator. Understanding its impact is crucial for investors, particularly those involved with platforms like Xtreamforex, which provide a […]
EUR/USD Surpasses 1.0800, Awaits Eurozone CPI and US NFP
EUR/USD Surpasses 1.0800, Awaits Eurozone CPI and US NFP Despite reclaiming the 1.0800 area, the EUR/USD pair faces persistent pressure with a fifth consecutive weekly close in the negative zone. The European Central Bank’s (ECB) hawkish stance fails to provide the Euro the anticipated edge against its counterparts, even amid weaker Eurozone economic data. The […]
GBP/USD on Edge Before US Inflation Data and UK-China Sanctions
GBP/USD on Edge Before US Inflation Data and UK-China Sanctions GBP/USD remains cautious around 1.2715-20 ahead of Thursday’s London session, as investors tread carefully before the release of US inflation figures for July. Additionally, the Pound faces resistance due to reports of the UK considering restrictions on British investment in Chinese tech firms. Meanwhile, concerns […]
EUR/USD Stays Defensive Below 1.1000, Vulnerable Amid Modest USD Strength
EUR/USD Stays Defensive Below 1.1000, Vulnerable Amid Modest USD Strength At the start of the new trading week, the EUR/USD pair encountered notable selling pressure, leading to a retracement from its recent peak near the 1.1040 level. During the Asian session, spot prices slipped below the psychologically significant 1.1000 mark, temporarily disrupting the two-day recovery […]
AUD/USD Gains Momentum Above 0.6800 Amid Weakening USD
AUD/USD Gains Momentum Above 0.6800 Amid Weakening USD The AUD/USD currency pair demonstrated considerable strength during Thursday’s Asian trading session, surpassing the key 0.6800 level. This significant surge was largely driven by a weakening US Dollar, pushing the major pair to trade around 0.6807, marking a day’s gain of 0.75%. This movement exhibits the dynamic […]