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
AUD/USD Hovers Near Multi-Year Lows Amid Dovish RBA Minutes and Broader Economic Concerns
The Australian dollar (AUD) struggled to recover early Tuesday, trading below 0.6250 against the US...
Unstable spread of GOLD on Forex Broker!
As of December 11, 2024, gold prices are experiencing notable movements influenced by various global...
US Dollar begins the week on a weaker note as traders anticipate a significant Fed interest rate cut.
The US Dollar (USD) began the week trading significantly weaker ahead of Monday’s US market...
UK Unemployment Rate Eases to 4.1% in July, Surpassing Market Expectations
The United Kingdom’s ILO Unemployment Rate eased to 4.1% in the three months leading up...
Australian Dollar Recovers Some Losses Amid Mixed Economic Data
The Australian Dollar (AUD) trimmed its earlier losses against the US Dollar (USD) on Wednesday...
Australian CPI Surges in July, Fuelling Speculation of Further Rate Hikes
The Australian Bureau of Statistics (ABS) reported on Wednesday that Australia’s monthly Consumer Price Index...
Currency Markets Show Minimal Movement Following Fed Symposium
In the aftermath of the weekend and the Federal Reserve symposium in Jackson Hole, the...
Gold Prices Hold Steady Amid Global Market Optimism and Fed Speculation
Gold prices (XAU/USD) continued their sideways movement on Tuesday, maintaining a narrow range around the...
Bank of England’s Mann Warns of Potential Inflation Rise Amid Upcoming Economic Data Releases
Bank of England (BoE) Monetary Policy Committee member Catherine Mann, who was among the four...
U.S. Unemployment Claims Rise by 233K in First Week of August, Lower Than Expected
In the week ending August 3, the number of U.S. citizens applying for unemployment insurance...
Bitcoin Rebounds Above $55,000 Amid Market Volatility
Bitcoin (BTC) price rebounded to over $55,000 on Tuesday after experiencing a sharp decline since...
Bitcoin Wallets Holding at Least One BTC Surpass 1 Million; Ethereum and Polygon Lead Institutional Investments
June 30 – Data from Glassnode reveals that Bitcoin (BTC) wallet addresses holding at least...
US Dollar Rises Ahead of Key Inflation Data
The US Dollar (USD) saw renewed buying interest on Friday, rebounding from the previous day’s...
Silver Price Outlook: XAG/USD Slips Towards $28.50 Amidst Bearish Sentiment
The price of silver (XAG/USD) continues its downward trajectory for the third consecutive session, trading...
Nvidia’s Decline Drags Nasdaq Down as Dow Surges Amid Sector Shifts
In a mixed start to the final week of a stellar quarter on Wall Street,...
Gold Prices Up Slightly, But Gains Limited Due to Conflicting Signals
Gold prices (XAU/USD) found some support near the $2,317 region during the Asian session on...
Swiss National Bank Reduces Benchmark Rate to 1.25%
Zurich, June 20, 2024 — The Swiss National Bank (SNB) has decided to cut the...
Crypto Markets Poised for Bullish Rally Amid Positive Momentum Indicators
The cryptocurrency market is showing signs of a forthcoming bullish trend, with Bitcoin (BTC) and...
FOMC Preview: 2024 Dot Plot Expected to Indicate Reduced Rate Cuts
FED to Stay the Course and Delay Timing of First Rate Cut The Federal Open...
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...