Forex News
Forex News Roundup for 25 May, 2023
A sense of caution permeates the stock markets as the US debt ceiling issue hampers what could have been a predominantly bullish market. The NASDAQ 100 Index has shown significant recovery in recent hours and continues to display a largely optimistic outlook. Should a resolution to the debt ceiling problem materialise, it is highly probable […]
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Forex News for 9th May, 2023
The forex market in general is experiencing a lot of choppiness ahead of key economic data releases which will be the next catalyst for the price action that is about to happen following the fresh data releases. The bearish trend will continue for the USD in the long term but lately there was a little […]
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Forex News Roundup & other current affairs for 4th May 2023
The Reserve Bank of Australia announces a 0.25% rate hike to everyone’s surprise as an effort to bring down the inflation which has already crossed 7%. This move had an impact on major Aussie Dollar pairs as AUD/USD pairs gained over 70 pips. The Japanese Yen continues to go down as it stands as one […]
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Forex News for 2nd May, 2023
Gold prices drop ahead of Fed interest rate decisions as the direction of the XAU/USD pair will be determined by the key economic data releases from the US. A strong USD may push gold prices to a lower range. The Federal Reserve is planning to raise interest rates to the highest it’s ever been in […]
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News for 25th April 2023
The US Dollar’s decline has resumed aligning with its long-term bearish trend as the market becomes convinced that the Fed will make one last 25 bps rate hike at its next meeting. This will be followed by rate cuts later in the year. Trend traders may consider opening a short trade, waiting for the greenback […]
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