AUS Global Exposed! Unveiling the Truth Behind Forex Trading Claims!
AUS Global Review AUS Global introduces itself as a robust trading platform with a variety of products, competitive costs, and a customer-first approach, which includes 24/7 customer support and safe, convenient financial transactions. However, there have been multiple statements regarding issues with withdrawals and lack of transparency. With these red flags in mind, especially the […]
Yen retreats amid uncertain Fed rate outlook, Dollar remains steady
The Yen weakened after recent advances, as traders waited for the Federal Reserve’s upcoming interest rate decision. While the US Dollar remained stable on Monday. Uncertainty lingers whether the Fed will decide on a 25-basis-point or a 50-basis-point cut. US job data released last Friday showed mixed results keeping markets cautious. The Dollar Index remained steady at 101.21, […]
New York Fed’s Williams Signals Rate Cuts as Inflation Eases, Job Market Slows
Federal Reserve Bank of New York President John Williams indicated on Friday that the central bank may soon lower interest rates, citing cooling inflation and a slowing labor market as key reasons for a potential policy shift. Speaking after the release of the August jobs report, Williams said that recent economic data supports a move […]
NZD/JPY Analysis: Bears Target Key Support Levels
The NZD/JPY pair continues to exhibit a downward trend, extending the decline that began during Tuesday’s trading session. Technical indicators currently favor the bears, suggesting that the pair may experience further losses in the near term. The Relative Strength Index (RSI) has fallen to 36, nearing the oversold zone. Despite a significant drop of over […]
EUR/USD Rises as Dollar Weakens Ahead of Key Data
The EUR/USD pair advanced for the second consecutive day on Thursday, reclaiming the 1.1100 level as the U.S. dollar faced broad selling pressure ahead of Friday’s highly anticipated U.S. Nonfarm Payrolls (NFP) report. Investors are searching for further indications that the Federal Reserve (Fed) may initiate a rate-cutting cycle in September, but U.S. data will […]
GBP/USD Gains Momentum as USD Weakens
The GBP/USD pair climbed for a second consecutive day on Thursday, signaling a potential bullish recovery, even as it struggled to reclaim the 1.3200 level. Market sentiment remained elevated as slower U.S. job growth kept expectations high for a more extended period of interest rate cuts from the Federal Reserve (Fed). Economic data from the […]
Oil Prices Poised for Deepest Weekly Drop in a Year Despite OPEC+ Delay
Oil prices are set for their steepest weekly decline in nearly a year as concerns over weak demand and plentiful supply persist, overshadowing a decision by OPEC+ to delay a planned production increase. Brent crude hovered around $73 a barrel on Friday, down almost 8% for the week, while West Texas Intermediate (WTI) crude was […]
Dollar Dips as Fed Rate Cut Bets Intensify Amid Economic Worries
The U.S. dollar edged lower on Thursday as traders increased their bets on a significant rate cut by the Federal Reserve later this month, driven by growing concerns over the U.S. economy’s growth prospects. The Japanese yen emerged as a key beneficiary, gaining strength on safe-haven demand, while other major currencies saw modest movements. The […]
EUR/USD Gains Momentum but Struggles to Break Above 1.11
EUR/USD caught a bid on Wednesday, rebounding from recent lows and finding support around 1.1050, but the pair remains constrained below the critical 1.1100 level. Traders are now eyeing upcoming U.S. jobs data, with Friday’s Nonfarm Payrolls (NFP) report expected to play a pivotal role in setting the tone for market expectations. While the euro […]
GBP/USD Analysis: Hit by Weak Sentiment
Despite the anticipation of further gains for the pound sterling, business leaders have sent a clear warning that the economic outlook is slowing. As of the end of last week, the GBP/USD pair has been under selling pressure, stabilizing around the 1.3110 level. In August, business leaders in Britain grew more cautious due to the […]
Australian GDP Rises by 0.2% in Q2, Below Expectations
Australia’s Economic Growth Falls Short in Q2 Australia’s Gross Domestic Product (GDP) increased by 0.2% QoQ in Q2 2024, up from 0.1% in Q1 but below the expected 0.3%, according to the Australian Bureau of Statistics (ABS). Year-over-year growth was 1.0%, aligning with forecasts but lower than Q1’s 1.1% Despite slower growth, the Reserve Bank […]
August Market Volatility Ends on a High Note as S&P 500 Climbs 2.3%
August Starts with a Sharp Decline and ends on a High Note August kicked off with the worst market crash of the year, but despite a rocky start, all major indexes, except one, finished the month with gains. However, September has already begun with another challenging day for the markets. August is usually a quiet […]
EUR/USD Outlook: Renewed Selling Pressure Puts 1.1000 Level at Risk
After a strong start to the trading week, EUR/USD faced renewed selling pressure, pushing the pair down to the 1.1030 region on Tuesday, marking a two-week low. This decline was largely driven by the resurgence in the US Dollar (USD). Currently, the spot rate seems to have found some initial support near 1.1030, aligning with […]
Gold Prices Struggle Below $2,500 Amid Stronger Dollar
The Gold price (XAU/USD) dipped during early Asian trading on Wednesday but remained below the $2,500 level due to renewed strength in the US Dollar (USD). Geopolitical tensions in the Middle East and expectations for Federal Reserve (Fed) rate cuts could support gold in the short term. Key economic data, including JOLTS Job Openings and […]
Gold Price Outlook: XAU/USD Buyers Remain Optimistic as $2,480 Holds Ahead of US ISM Data
Gold prices are experiencing downward pressure, trading just below the $2,500 level early Tuesday. This movement consolidates a three-day downtrend following recent weekly lows. Market participants now turn their attention to the upcoming US ISM Manufacturing PMI data for the next major direction in gold prices. Gold Price Awaits US ISM Manufacturing PMI Ahead of […]
EUR/USD Slips as US Dollar Holds Firm Ahead of Manufacturing Data
EUR/USD pulls back after failing to break above the immediate resistance of 1.1080 during Tuesday’s European session. The currency pair declines as the US Dollar (USD) maintains gains, approaching a two-week high, with the US Dollar Index (DXY), which measures the Greenback against six major currencies, hovering around 101.80. The Dollar remains strong as investors […]
Caught in the Act: Wavestrader’s Fraudulent Tactics Uncovered!
Wavestrader Review Wavestrader is an online trading platform claiming to offer services in foreign exchange (forex), stocks, and cryptocurrency trading. Promising high returns and an intuitive user experience, the platform attempts to attract investors with minimal experience and those looking for a quick profit. However, Wavestrader has been linked to several allegations of fraudulent activities, […]
GBP/USD Analysis: Pound Holds Steady at Critical Support
GBP/USD experienced a decline due to renewed US Dollar (USD) strength, losing 0.7% over the past week. The pair is currently trading within a narrow range during the European morning session, and the technical outlook indicates that the bearish sentiment remains dominant. Positive macroeconomic data from the US bolstered the USD in the latter half […]
EUR/USD Outlook: Euro Faces Challenges in Gaining Recovery Momentum
EUR/USD remained under significant bearish pressure throughout the latter half of last week, closing with substantial losses for three consecutive days. After declining more than 1% over the week, the pair attempted a technical rebound and moved above 1.1050 during the European morning session on Monday. The US Dollar (USD) maintained its strength heading into […]
Asian Stocks Slide as Market Faces Volatile September Start
Asian stocks fell on Monday, reversing four months of gains, as signs of deepening economic troubles in China continued to weigh on market sentiment. Major indexes in Australia and China declined, while South Korea’s markets remained mostly unchanged. Hong Kong’s benchmark index dropped, led by a 12% slump in New World Development Co. shares after […]
