EUR/USD Stalls Recovery Amid Midweek Slowdown
The EUR/USD pair slipped slightly on Wednesday, losing approximately 0.1% as markets entered a quiet phase ahead of key economic data releases later in the week. U.S. President Donald Trump has temporarily paused his ongoing trade war rhetoric and threats of broad-based import taxes, leaving investors with limited drivers for market movement. Thursday’s trading session […]
NZD/USD Drops to Near 0.6100 Amid Risk Aversion and Consumer Confidence Concerns
NZD/USD Drops to Near 0.6100 Amid Risk Aversion and Consumer Confidence Concerns The NZD/USD pair extends its losses for the second consecutive session, trading around 0.6110 during the Asian session on Wednesday. The New Zealand Dollar (NZD) is struggling, possibly due to rising risk aversion ahead of the ANZ-Roy Morgan Consumer Confidence data for June […]
China Schedules Meeting to Discuss $138 Billion Ultra-Long Debt Offering
China Schedules Meeting to Discuss $138 Billion Ultra-Long Debt Offering China is set to launch the initial phase of its ambitious 1 trillion yuan ($138 billion) ultra-long special sovereign bond issuance this Friday, aiming to bolster the world’s second-largest economy. This announcement was made by the Ministry of Finance, which plans to issue various tranches […]
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 […]
How to Finally Start Making Money Forex Trading
How to Finally Start Making Money Forex Trading Foreign exchange (Forex) trading has become a popular way for people worldwide to potentially increase their income. This form of online trading involves the buying and selling of currencies on an open market, with the goal of making a profit from fluctuations in their value. However, like […]
Upcoming Market Updates: NZD, GBP, JPY, USD, CAD, EUR
Upcoming Market Updates: NZD, GBP, JPY, USD, CAD, EUR NZD: Business NZ Manufacturing Index, it measures Level of a diffusion index based on surveyed purchasing managers in the services industry. GBP: Rightmove HPI m/m, it measures Change in the asking price of homes for sale. JPY: Revised Industrial Production m/m, it measures Change in the […]
Yields climb as CPI data, Bullard remarks increase Fed hike views
Yields climb as CPI data, Bullard remarks increase Fed hike views U.S. Treasury yields rose on Thursday, with the benchmark 10-yr U.S. Treasury hitting 2% for the primary time seeing that August 2019 after a higher-than-predicted inflation analyzing and feedback from a Federal Reserve legitimate strengthened expectancies the relevant financial institution will pass to fight […]