Forex News

Forex News for 01 Mar, 2023

GBP/USD

The greatest loss in eight months, Japan’s preliminary industrial production fell 4.6% monthly compared to a projected 2.9% decline in January. Japan’s retail sales surged 6.3% higher year over year compared to an expected 4.2% increase and the previous 3.8% reading. Stronger indicators of a recovery in China, such as expanded airline schedules and traffic […]

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Forex News for 23 Feb 2023

EUR/USD

The FOMC members’ attempts to find a balance between averting a recession and keeping interest rates high enough to keep inflation under the Fed’s 2% target The FOMC intends to achieve a terminal rate of 5.6% in 2023, according to the dot plot.  Although the FOMC  members admitted that inflation has marginally decreased over the […]

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Forex News for 22 Feb, 2023

Forex News

Judo Bank’s manufacturing PMI in Australia rose to a two-month high of 48.9 in February. However, the bank’s services business activity PMI improved from 48.6 to 49.2 but remained in contraction for a fifth straight month. The data suggests that while the manufacturing sector is showing signs of recovery, the services sector is still struggling […]

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Forex News for 21 Feb, 2023

EUR/BTC

The Reserve Bank of Australia’s meeting minutes reveals a more hawkish slant in monetary policy since the Bank had previously discussed raising interest rates by 0.50%.  The minutes stated that additional increases were anticipated over the upcoming months and that the Interest rate was still at a low level.  The outlook for the Australian economy […]

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Forex News for 20 Feb, 2023

EUR/USD

The RBNZ is expected to raise rates this week while the FOMC meeting minutes could confirm the likelihood of the return of 50bps rate hikes. A new set of PMI reports from the U.S, Australia, Japan, and Europe should also give clues on the pace of global economic recovery. Global PMI reports – This week’s […]

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Forex News Roundup for the Day (16 Feb, 2023)

AUD/USD

Yesterday’s US retail sales data showed a higher-than-expected month-on-month increase of 3.0%, indicating a strong US economy and reinforcing the potential for a more hawkish Fed policy, which boosted the US Dollar.  The optimism over stocks has also grown, particularly consumer staples and discretionary goods, resulting in major stock indices trading higher. The S&P 500 […]

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Forex News Roundup For The Day (February 15, 2023)

AUD

GBP/USD rose on Tuesday after UK employment numbers exceeded estimates, but its increase was limited by better-than-anticipated US CPI figures that boosted Treasury yields. The UK consumer price index, to be released on Wednesday, is another significant economic report to monitor. If inflation persists, it may compel the BoE to adjust its dovish stance. Although […]

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Forex News for 14th February 2023

GBP/USD

EUR/USD: Weakness of US Dollar index results in an uptrend for the pair.  USD/JPY: Vulnerability is seen for the pair with pullback being extended.  GBP/EUR: Economic projections that favour the Euro leads to a price decline for the cable pair.  GBP/USD: Economic data releases will determine the upcoming moves for the cable pair.  AUD/USD: The […]

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Forex News 7th February 2023

AUD/USD

AUD/USD: AUD crashed in the wake of shocking NFP figures from the US that had strengthened the US Dollar earlier. USD/JPY: The likelihood of a BoJ policy change will be the main factor driving the USD/JPY lower during the next few weeks. BTC/USD: Sudden Dip in BTC/USD Price Leads to Caution Among Traders. USD/CAD: The […]

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