In the week spanning November 6th to 10th, 2023, the global financial markets experienced continued momentum from the previous week. This period witnessed a...
In the fast-paced world of forex trading, staying informed and making well-informed decisions is crucial to success. One of the most valuable tools at...
In the dynamic world of forex trading, currency pullbacks are a common occurrence. These temporary reversals in currency trends can be both challenging and...
In an increasingly interconnected world, global conflicts are not just a matter of concern for political analysts and diplomats. These conflicts can have a...
Elliot Wave Theory is a technical analysis approach used to analyze financial market price patterns and forecast future price movements. It was developed by...
The foreign exchange (Forex) market is known for its volatility and the constant fluctuation of currency prices. Traders must make critical decisions on whether...
The Australian Bureau of Statistics (ABS) has recently released its latest consumer price index (CPI) data for the July to September quarter. The figures...
In forex trading, the term "bias" refers to a trader's subjective viewpoint or perspective about the future direction of a currency pair's exchange rate....
Markets Surge on Weak US CPI Data
The past week saw a robust rally across various markets, spurred by marginally weak US CPI data reported on Wednesday. Equities and cryptocurrencies performed well, with a significant spotlight on precious metals and copper, which saw explosive growth.
Key Highlights:
US Dollar Decline:
The...
In the realm of trading, geopolitical events like the recent developments in Ukraine, as outlined by President Zelensky on February 17th, can significantly impact financial markets. Zelensky's decision to withdraw from Avdiivka underscores the importance of staying informed about global conflicts, as they can affect the demand...
Key Market Movements in the Spotlight
As we conclude another eventful week in the financial landscape, the prevailing trend of the year remains evident. Equities continue to thrive, driven by widespread expectations of central bank rate cuts throughout 2024.
Highlights:
US Dollar Sees Modest Gain:
The US Dollar experienced a slight...
As the financial markets resumed action after the holiday season, the arrival of 2024 introduced intriguing movements, hinting at potential shifts in established trends. Join us for a comprehensive analysis in our weekly newsletter!
Noteworthy Market Trends:
US Dollar's Vigorous Start:
The US Dollar commenced the year on a robust...
Last week witnessed significant market shifts, largely steered by central bank actions. Among the surprises was the Norges Bank rate hike, but it was the Federal Reserve's dovish stance that notably impacted market sentiments.
USD Takes a Dive:
The US Dollar retraced all gains from the prior week, driven...
Trading firms operate at the heart of global financial markets, executing transactions and playing a pivotal role in shaping market dynamics. These entities, ranging from small proprietary trading shops to large hedge funds, wield significant influence. Let's delve into the multifaceted world of trading firms, exploring their...
Last night marked a historic surge in the world gold price, reaching an unprecedented $2,076 per ounce, surpassing the previous record set in 2020 at $2,075 per ounce. By 8 AM today, the global gold price traded at $2,068 per ounce, displaying a remarkable $26 per ounce...
Last week saw a market breather with lighter economic data, but the spotlight remained on yields and the Dollar, both struggling to find significant momentum. As markets pause, let's delve into the key movements that shaped the forex landscape.
Market Insights:
US Dollar and Major Currencies:
The US Dollar persisted...
The start of the new trading week saw a challenging period for the US dollar as it experienced weakness across various currency pairs. The recent FOMC minutes didn't bring much excitement to the market after the recent inflation print, resulting in a rather subdued reaction. The data...
It seems like last week was a roller coaster, especially with the US economic data that didn't quite meet expectations. The CPI report, although a slight miss, prompted a strong market reaction. Now, there's a significant shift in expectations: Fed rate hikes aren't factored in anymore, and...
In the currency markets, the pound exhibited a steady performance on Tuesday as traders awaited crucial U.S. inflation data, seen as a key factor influencing the short-term trajectory of the dollar against other currencies.
Earlier in the day, UK data revealed that the growth of workers' wages in...
The AUD/USD exchange rate is intricately influenced by a spectrum of factors, with recent developments adding an extra layer of significance. Let's delve into the key elements shaping the dynamics of the AUD/USD currency pair:
1. Interest Rates:
The interest rate differential between Australia and the United States remains...