Forex News

Forex News Roundup for 18th July, 2023

Reports from Reuters highlight that the US dollar is at its lowest in one year, while the euro has touched its highest level in 17 months. The euro has climbed to $1.1256 against the dollar. On the other hand, the dollar index remains under pressure at around 103.30. The weakening of the dollar is bad […]

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Forex News Roundup for 13th July, 2023

The market awaits the release of the United States’ Consumer Price Index (CPI) today, a crucial indicator of inflation. Forecasts suggest a 0.3% rise in monthly inflation, while the annualized rate is expected to sharply decrease to 3.1% following a significant drop in the previous month. If the actual CPI data surprises with a smaller […]

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Forex News for 4 April, 2023

EUR/USD

In March, China’s Caixin manufacturing PMI declined to 50.0 from an eight-month high of 51.6 due to weaker external demand. Following weaker-than-expected factory activity in China, the safe-haven yen gained points, particularly after opening lower. Over the weekend, OPEC and Saudi Arabia made a surprise announcement of oil production cuts, causing a sharp increase in […]

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Forex News Roundup for 29 March 2023

BTCUSD

The annualized rate of Australian CPI (inflation) has decreased from 7.4% to 6.8%, which is a significant decline and exceeds the projected figure of 7.2%. The Australian Dollar experienced a slight decline after the announcement since this may reduce the anticipated requirement for rate increases by the RBA. Numerous commodities, including WTI Crude Oil, are […]

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Forex News for 28 March, 2023

EUR/USD

In April, U.K. retailers saw positive sales expectations for the first time in seven months, according to the Confederation of British Industry’s report. Governor Bailey’s statement hinted that the Bank of England is not overly concerned about the banking sector. He stated that “With the Financial Policy Committee taking charge of maintaining financial stability, the […]

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Forex News for 22 March, 2023

Forex News

Over the last 24 hours, global stock markets have seen an upward trend, with the S&P 500 Index and the NASDAQ 100 Index both experiencing strong gains ahead of the anticipated rate decision by the US Federal Reserve. In Asia, both the Japanese Nikkei 225 Index and the Chinese Hang Seng Index have also increased […]

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Forex News Roundup for 15 March, 2023

Yesterday, Bitcoin’s price reached a nine-month high of almost $26,500, but it has since experienced a major negative correction. The picture for the cryptocurrency won’t change unless it can reclaim the crucial psychological milestone of $25k. The US Dollar has stabilised on the foreign currency market, while the Euro and the Australian Dollar are strong […]

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Forex News for 10 March, 2023

EUR/USD

The Bank of Canada has decided to keep interest rates at 4.5% even though it anticipates that inflation will drop to as low as 3% in the next months, which will weaken the Canadian dollar. While being less hawkish than the day before, Fed Chair Jerome Powell appeared before the US House of Representatives, and […]

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Forex News for 7th March, 2023

AUD/USD

Slower job growth caused the IVEY Purchasing Managers Index (PMI) in Canada to drop from 60.1 the month prior to 51.6 in February. Following a 1.7% gain in December, US manufacturer orders decreased by 1.6% in January, driven mostly by reduced reservations for civil aircraft. Although exports increased less than imports in January, Australia’s trade […]

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Forex News for 2 March, 2023

According to Australian CPI (inflation) figures, annualised inflation has decreased from 8.4% to 7.4%, a far sharper decline than the rate of 8.1% that had been widely anticipated.  The US 2-Year Treasury Yield is currently trading near to its all-time high at 4.857% and is continuing to rise consistently and strongly. Data on US consumer […]

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