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The FXGT Blog
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Forex
11 July 2024
RBNZ Keeps Rates Unchanged at 5.50%, Shifts to Unexpectedly Dovish Tone
The Reserve Bank of New Zealand (RBNZ) has kept its Official Cash Rate (OCR) steady at 5.50%.
10 July 2024
Powell’s Cautious Rate Approach Keeps Markets Steady, Thursday’s CPI Data in Focus
Fed Chair Jerome Powell emphasized a cautious approach to interest rate adjustments, highlighting the risks of acting too soon or too late.
9 July 2024
NZD/USD Hits Three-Week High Ahead of RBNZ Meeting
The NZD/USD pair hit a new three-week high above 0.6150 during Monday morning, marking the fifth consecutive session of gains for the Kiwi.
8 July 2024
China's Pause on Gold Purchases and US Data Influence Gold Market
Official data released on Sunday showed that the People's Bank of China (PBoC) did not add to its gold reserves for the second consecutive month in June, keeping its hold...
Forex Trading
Beginner
8 July 2024
What are Pips in Forex Trading?
What are Pips in Forex Trading? Forex trading, with its unique terminology and concepts, can be quite intimidating for beginners. One of the fundamental terms you’ll enco...
8 July 2024
The week ahead – All Eyes US Inflation Data
Fed Chair Jerome Powell will testify before the Senate Banking Committee on Tuesday and Wednesday, likely adopting a dovish tone for 2025 rates due to recent soft PCE inf...
8 July 2024
Weekly Market Recap – Third Quarter Kicks Off with New Highs
The NASDAQ 100 and S&P 500 hit new highs, gaining 3.2% and 1.6%, while the Dow rose 0.4%.
4 July 2024
GBP/USD Gains on Weak US Data and Strong UK Services Ahead of Election
The pound held at $1.2750, after gaining 0.46% on Wednesday and hitting a three-week high.
4 July 2024
US Dollar Under Pressure as Job Data and ISM Report Signal Economic Weakness
Both the ADP Employment report and weekly jobless claims data indicate easing labour market conditions. Private employers hired 150K individuals in June, below the expect...
3 July 2024
Powell’s Comments Trigger USD Decline, Market Eyes Fed Minutes and ISM PMI
The US Dollar Index saw minor losses during Wednesday’s European session, dropping below 105.60.
3 July 2024
Sales Push Australian Dollar Up RBA Minutes Raise Rate Hike Expectations
The Australian dollar edged up against the U.S. dollar on Wednesday morning, driven by unexpectedly strong domestic retail spending data.
1 July 2024
French Election Boosts Euro: Eurozone CPI Estimates and Powell's ECB Forum Speech in Focus
The euro experienced an increase on Monday morning following the initial round of France's election, which resulted in the far-right party taking the lead, albeit by a sm...
1 July 2024
The week ahead – All Eyes on FOMC & Non-Farm Payrolls
With the July 4th US bank holiday on Thursday, key data releases include ISM PMI data from Manufacturing and Services, and FOMC minutes.
1 July 2024
Weekly Market Recap – US Stocks Close June Strong as Jobless Claims Increase
The major US stock indexes remained relatively unchanged over the week but closed June with notable gains. The S&P 500 increased by 3.50%, the Nasdaq 100 climbed by 6.60%...
28 June 2024
USD/JPY Surges to Historical Highs: Japanese Authorities Hint at Intervention
On Friday morning, the dollar surged to its highest level against the yen since 1986, prompting Japanese authorities to express concern about the yen's decline.
27 June 2024
US Housing Market Faces Struggles: New Home Sales Down 11.3% in May
New home sales fell 11.3% to a seasonally adjusted annual rate of 619,000 in May, down from 698,000 in April.