-
Jan 31, 23 •
11879 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Crucial Forex Week Outlook with Fed, BoE, and ECB Policy Meetings
In the session last Friday, US PCE deflators and spending data were near consensuses, as was expected after the Q4 GDP release earlier that week. The final figures from University Michigan consumer confidence showed an upward revision to inflation...
-
Jan 27, 23 •
9107 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Forex Today: Bank of Canada Softens Dollar- Q4 GDP Gains Attention
The US Dollar struggles to stay resilient against its rivals early Thursday as the US Dollar Index remains in negative territory below 102.00 following Wednesday’s slide. Throughout the first half of the day, the market action will likely be driven by...
-
Jan 26, 23 •
8690 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Forex Today: Australian Inflation Hits 32-Year High, Focus on the BOC
The following information is important for Wednesday, January 25. Investors are looking for the next significant catalyst as markets remain indecisive mid-week. As a result of Tuesday’s failed recovery attempt, the US Dollar Index is hovering around...
-
Dec 24, 22 •
1079 Views •
Forex News, Top News •
Zahir Shah
Comments Off on EUR/USD Forecast: Euro on track for second weekly profit in a row
After a mixed start to trading, the Euro held above the 1.06 dollar mark on Friday. At midday, the common currency cost 1.0619 dollars, a slight increase from the previous evening. As of Thursday, the reference rate was set at 1.0633 dollars by the European...
-
Dec 24, 22 •
1786 Views •
Forex News, Top News •
Zahir Shah
Comments Off on US PCE inflation data expected before the Long weekend
Market conditions remain subdued early Friday as traders in the lead-up to Christmas remain subdued. A monthly report from the German Bundesbank will be released during European trading hours. A report on November’s Personal Consumption Expenditure...
-
Dec 23, 22 •
1013 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Top Cryptocurrency Prices Today: Bitcoin and Tether trade flat; Polkadot down over 3%
The global crypto market cap decreased marginally over the last day to $810.31 billion, which led to mixed trading on December 22. Over the last 24 hours, the crypto market volume has decreased by 28.55% to $25.67 billion. Currently, DeFi has a volume of...
-
Dec 22, 22 •
1930 Views •
Forex News, Top News •
Zahir Shah
Comments Off on FTX Fallout Intensifies as Traders Take Defensive Measures
After failing to build on the positive macroeconomic news-induced rally, the cryptocurrency market has slipped into a consolidation phase. As a result of the consolidation, the prices of two of the largest assets, Bitcoin (BTC) and Ethereum (ETH) have dropped...
-
Nov 30, 22 •
1562 Views •
Top News •
Zahir Shah
Comments Off on AUD/USD Drops Amid Inflation Lowers, Mixed Chinese PMIs
A slowdown in local economic activity and a missed Chinese PMI caused the Australian dollar to decline twice today. In the days following the hype, the currency was roughly at its starting point before rising above 67 cents. In October, the Chinese PMI came...
-
Nov 30, 22 •
1916 Views •
Top News •
Zahir Shah
Comments Off on Russia to Use Yuan in Place of Dollar
Due to Western sanctions imposed against Moscow after the outbreak of the Ukraine conflict, Wang’s plans changed. Russian banks and many companies could not access dollar and euro payment systems. Currently, she is preparing to invest in bearings in...
-
Nov 30, 22 •
930 Views •
Top News •
Zahir Shah
Comments Off on Australia’s Gold Production Plummets in Q3 2022
Australia and Russia have long been competing for second place in the list of largest gold producers after China. However, with China’s production downturn, there appears to be a chance that one of the two contenders could rise to the world’s top...
