Dollar Slips as Swiss Franc Surges on Rate Cut, U.S. Data Impact Fades
The U.S. dollar weakened on Thursday as early gains from positive economic data quickly evaporated, overshadowed by the Swiss National Bank’s unexpected move to cut interest rates. The dollar initially rose after data showed U.S. jobless claims fell to a four-month low of 218,000, signaling strength in the labor market, and corporate profits in the […]
EUR/USD Rises as US Dollar Weakens Amid Recession Concerns
The EUR/USD rebounded on Thursday, lifted by a broad-market selloff in the US Dollar. After a midweek pullback, the pair saw renewed momentum, benefiting from stronger-than-expected US economic data that helped ease concerns over a potential economic slowdown. Despite the recovery, the market remains cautious, with crucial inflation data due at the end of the […]
BoJ Weighs Careful Rate Hike as Inflation Risks Loom Large
The Bank of Japan (BoJ) board members expressed cautious optimism about the country’s economic trajectory while signaling the potential need for a gradual interest rate hike. In the minutes from the July meeting, released Thursday, members voiced concern over rising inflation, emphasizing the importance of timely but measured adjustments to the ultra-loose monetary policy. Several […]
Fed’s Kugler Signals More Rate Cuts as Inflation Eases, Jobs Market Slows
Federal Reserve Governor Adriana Kugler threw her full support behind last week’s half-point interest rate cut, highlighting that it was a necessary step in managing inflation. Kugler emphasized the Fed’s commitment to continuing rate reductions if inflation eases as expected, indicating that further cuts could be on the table as the economy moves closer to […]
EUR/USD Slips as Eurozone PMI Misses Expectations; Bulls Lose Steam
The EUR/USD pair fell by 0.5% on Monday, snapping its recent bullish streak after weaker-than-expected economic data from the Eurozone. The disappointing Purchasing Managers Index (PMI) figures weighed heavily on the Euro, making it one of the worst trading days for the currency pair in the second half of the year. This comes amid broader […]
GBP/USD Tumbles Below 1.3400 as Dollar Strengthens Amid Risk-Off Sentiment
The GBP/USD pair experienced a sharp decline on Wednesday, plunging below the 1.3400 mark as risk appetite across markets waned and the US Dollar regained strength. After a bullish streak, the Pound Sterling pulled back as the broader market turned risk-averse, allowing the Greenback to recover recent losses. The shift in sentiment pushed Cable lower, […]
EUR/USD Drops from 14-Month High as Dollar Rebounds
The EUR/USD pair faced a sharp rejection from the 1.1200 level on Wednesday, sliding back into familiar territory just above 1.1100. After briefly touching a 14-month high, the euro gave up nearly 0.5% of its gains, as traders turned back to the US Dollar following a resurgence in demand. This week brings a series of […]
EUR/USD Slips Below 1.1100 as Eurozone PMI Contracts, Fed Speculation Heats Up
The EUR/USD pair slipped below the 1.1100 level during Monday’s European trading session, pressured by a stronger U.S. Dollar (USD) and unexpectedly weak economic data from the Eurozone. The currency pair’s decline comes amid growing speculation that the Federal Reserve (Fed) may deliver another aggressive rate cut in November, despite lingering concerns over inflation and […]
Pound Sterling Slips as UK PMI Misses Expectations, Dampening Growth Prospects
The Pound Sterling (GBP) fell on Monday following disappointing economic data from the UK, as market sentiment soured and concerns over the country’s growth outlook intensified. The British currency underperformed against most of its major rivals, with a notable exception being the Euro (EUR), which also faced headwinds from a contraction in Eurozone economic activity. […]
Bank of Japan Likely to Pause Rate Hikes, Eyeing December for Next Move
The Bank of Japan (BoJ) is widely expected to keep its policy rates steady during its upcoming monetary review this week, signaling a cautious approach to further tightening after surprising the markets with two rate hikes earlier this year. While inflation remains above the 2% target and wages have shown modest growth, analysts believe the […]
EUR/USD Remains Steady as Fed Rate Cuts Weaken Dollar
The EUR/USD pair held firm near the 1.1150 level on Thursday, driven primarily by a broad-market selloff in the US Dollar. While the euro itself hasn’t seen any significant bullish drivers, the pair’s resilience is largely due to the ongoing weakness in the Greenback, which continues to struggle after the Federal Reserve’s aggressive rate cuts […]
GBP/USD Holds Ground Near 1.33 as Dollar Weakness Continues
The GBP/USD pair surged to a fresh 30-month high on Thursday, briefly crossing the key 1.33 mark as the US Dollar remains under pressure following the Federal Reserve’s aggressive 50 basis point rate cut. This broader market selloff in the Greenback has bolstered the British Pound, despite a relatively muted response to the Bank of […]
Oil Prices Steady as Investors Await Fed Decision: Focus on Middle East Tensions and U.S. Oil Demand
Oil Prices Hold Steady Amid Fed Rate Cut Speculations TOKYO (Reuters)—Oil prices remained steady on Wednesday following gains in the previous two sessions. Investors shifted focus to the anticipated U.S. Federal Reserve interest rate cut. The market also finds support from concerns over potential Middle East violence, which could disrupt oil supply. Brent crude futures for […]
Japan Stocks Anticipate Gains as Traders Await Key Fed and BOJ Decisions: Markets Wrap
Japan Futures Point to Gains Amid Fed, BOJ Decisions Futures indicate that Tokyo shares are poised to rise by more than 1%, while Sydney is expected to decline. Hong Kong markets are closed for a holiday. The S&P 500 remained relatively unchanged on Tuesday in the US, following an all-time high fueled by increased retail sales. Early […]
Morning Briefing: Pound Targeting 1.3300-1.3350 Amid Market Movements
Dollar Index Holds Strong Above Key Support The Dollar Index remains steady, staying above the critical support at 100.50. If this level holds, we could see a rise towards 101.50 soon. Market participants are eagerly awaiting directional clarity after the FOMC meeting, which is scheduled for today. The Euro faces resistance between 1.1150-1.12, suggesting a […]
Are We Setting Up for a Tumble Amid Overextended Rate-Cut Bets?
Markets on Edge Ahead of Fed Policy Meeting U.S. stocks ended Tuesday mostly flat despite an unexpectedly strong retail sales report. The solid numbers provided some reassurance against fears of a looming economic downturn, but they didn’t shake the prevailing expectations for a 50 bp rate cut. The Fed’s guidance remains uncertain, leaving traders anxious […]
FVP Trade Exposed: Why It’s a Scam Broker
FVP Trade Review FVP Trade is an unregulated broker with a reputation for fraudulent practices, primarily operating as a scam. Despite claiming to be registered in the British Virgin Islands (BVI) and regulated by entities like FINTRAC, NFA, and ASIC, there are no records confirming these claims on the regulators’ websites. This indicates that FVP […]
Is MarketsCo a Scam? Unregulated Status and Fraud Concerns
MarketsCo Review MarketsCo is a broker that offers trading in Forex and CFDs, granting users access to various financial markets, including stocks and cryptocurrencies. It caters to traders with different experience levels, featuring several account types starting with a low minimum deposit of $250. Despite its user-friendly features, concerns have been raised about the platform’s […]
MondFX Fraud Alert: What You Need to Know Before Investing
MondFX Review MondFX presents itself as a trading platform offering various assets like forex, cryptocurrencies, and commodities. However, it operates without regulatory oversight, and several reviews have flagged potential issues regarding transparency and trustworthiness. As a result, investors should be cautious, given the lack of legal protection for their funds on the platform. What is […]
Asian Stocks Drop Amid Upcoming Fed, BOJ Decisions: Market Wrap
Equities Performance Across Asia Equities in Sydney experienced gains, while stocks in Tokyo saw a decline. US stock futures edged slightly lower after the S&P 500 closed with a modest 0.1% rise, and the Nasdaq 100 slipped by 0.5%. Investors continue rotating out of tech megacaps, which had been the driving force behind the recent […]
