Economic
Get the latest economic news and updates impacting the forex market. Our News Economic page offers analysis on global economic data, central bank policies, and geopolitical events that influence currency trading and exchange rates
Euro Zone Business Activity Hits Year-High in May, Driven by Services Sector
BENGALURU (Reuters) – Euro zone business activity surged to its highest rate in a year...
Market Update: EUR/USD Slides Amid Risk-Aversion, Approaching 1.0800
The EUR/USD pair remains under pressure, declining toward the 1.0800 mark following a modest rebound...
Elon Musk’s xAI Raises $6 Billion in Funding to Challenge OpenAI Dominance
Elon Musk’s artificial intelligence startup, xAI, has secured a remarkable $6 billion in funding, valuing...
The EUR/USD remains steady near the 1.0850 mark as the US Dollar steadies
In today’s European trading session, the EUR/USD pair maintains a sideways trajectory, hovering around the...
“Minutes from Meeting Reveal Some Federal Reserve Officials Open to Rate Hike if Necessary”
During their recent policy meeting, Federal Reserve officials discussed the possibility of maintaining elevated interest...
Pound Sterling Surges on Stronger-than-Anticipated UK Inflation, Diminishing BoE Rate Cut Expectations
In Wednesday’s European session, the Pound Sterling (GBP) surged to 1.2750 as per the data...
Mixed Signals Emerge in US Economy: Inflation Eases, Retail Sales Stall while US Dollar declines on the back of soft CPI figures
The US dollar weakened on Wednesday, May 15th, with the US Dollar Index (DXY) trading...
Will Gold Hold Gains? Hot PPI Data Fails to Impress, Investors Await CPI
Gold prices staged a comeback on Tuesday, rising nearly 0.8% and surpassing $2,350 per ounce....
Gold Prices Slip Amidst Fed’s Hawkish Stance and Economic Uncertainty
In the midst of the Asian trading session on Monday, gold prices, denominated in USD...
Firm RBA Stance Clashes with Concerning Inflation Outlook: Impact on Aussie Dollar
On Tuesday, the Reserve Bank of Australia (RBA) opted to maintain the interest rate at...
Australian Dollar Slips as RBA Holds Interest Rate at 4.35%
In a widely anticipated move, the Reserve Bank of Australia (RBA) opted to maintain the...
The EUR/USD is holding onto its upward momentum near 1.0750, while Gold remains fixed around $2,300, ahead of the release of the US jobs report
The Euro (EUR) strengthened against the US Dollar (USD) on Thursday, closing higher after a...
Unveiling Fed’s Next Move: Will Powell Issue a Hawkish Warning Signal?
The Federal Reserve is expected to announce its monetary policy decision on Wednesday, following the...
EUR/USD Rebounds Above 1.0700 as Eurozone Data Supports Euro Strength
In the European session, the EUR/USD pair regained momentum, climbing above the 1.0700 mark. Eurostat’s...
US first-quarter GDP falls short of predictions, while personal consumption expenditure surpasses expectations, leading to a rise in the value of the US dollar
The US economy grew at a slower pace than expected in the first quarter of...
Australian Dollar holds ground after positive economic data
In the latest financial news, the Australian Dollar (AUD) has seen a consecutive rise, driven...
Forecast week ahead: Gold, EUR/USD, and USD/JPY, Bank of Japan meeting, US GDP, Core PCE, and the earnings reports
Get ready for a busy week in the markets! Traders will be juggling geopolitical news,...
Gold surges past $2,410 per ounce after news broke of an Israeli attack on Iran, as investors seek safe havens due to heightened geopolitical tensions.
Key takeaways: During Friday’s Asian session, the value of gold nearly reaches $2,410 per troy...
U.S. Inflation on Watch: Potential Impact on Currency and Stocks. Strategies for Navigating Market Uncertainty
The U.S. economy is facing challenges in bringing down inflation rates. As a result, there’s...
Gold Price Hits Record Highs Above $2,350 Despite Market Dynamics
In a remarkable turn of events, the price of gold experienced a sudden surge, jumping...
USD/JPY Climbs: Will Yen’s Slide Force Bank of Japan Action?
The Japanese Yen is losing value compared to the US Dollar, but traders are hesitant...
US JOLTS Job Openings to 8.75 million in February compared to forecast of 8.74 million and market response
The US Bureau of Labor Statistics (BLS) revealed in its Job Openings and Labor Turnover...
Gold Prices Hold Firm Near Record Levels Amid Reinforced Expectations for June Fed Rate Cut Following US PCE Data
Gold prices surged last week, breaking through the $2,200 mark and surpassing the previous record...
Aussie Dollar Eyes Rebound in Q2 as US Dollar Weakness Emerges
The Australian Dollar (AUD) has struggled against the US Dollar (USD) for the past few...
Economic Forecast for the Second Quarter: Bond Market Volatility and Potential Rate Cuts.
Here are some keys take away of global strategy 2Q 2024: This wait-and-see approach is...
Gold Price Stabilizes Following Significant Decline, Potential for New Record High Persists.
The gold market experienced a whirlwind of activity last week, marked by an initial surge...
Holi Festival: A Vibrant and Meaningful Spring Season
As we welcome the spring season, filled with new beginnings and colorful days of the...
Bitcoin Faces Bearish Signals as Momentum Wanes.
In the world of cryptocurrencies, Bitcoin’s (BTC) upward momentum has shown a significant decline for...
US Dollar Hits Weekly Lows Post-Fed Decision and Powell’s Press Conference.
The US dollar weakened (DXY fell below 103.50) after the Federal Reserve kept interest rates...
Federal Reserve Expected to Maintain Interest Rates; Policy Outlook to Influence Markets and US Dollar.
The Federal Reserve’s monetary policy announcement on Wednesday is expected to be uneventful. Most experts...