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The FXGT Blog
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Forex
14 June 2024
GBP/USD Drops Ahead of Crucial UK CPI Report and BoE Policy Decision
The GBP/USD pair remains under selling pressure for the second straight day on Friday, having dropped to the 1.2680 level, which has been providing support over the past ...
14 June 2024
Yen Falls to One-Month Low After BoJ Maintains Bond-Buying Pace
The Japanese Yen remains under selling pressure on Friday as markets assess the Bank of Japan's (BoJ) monetary policy announcements.
13 June 2024
Weaker PPI and Higher Jobless Claims Contradict Fed's Steady-For-Longer Stance
The Producer Price Index (PPI) for final demand in the US increased by 2.2% on a yearly basis in May, as reported by the US Bureau of Labor Statistics.
13 June 2024
US Dollar Drops on Lower CPI, Rebounds Post-Fed Press Conference
The US dollar had a turbulent day yesterday, influenced by major news events.
10 June 2024
GBP/USD Gears Up for Volatile Week: Focus on UK Data and Fed Meeting
GBP/USD struggles to recover above $1.2720 in Monday’s early European session, starting off the week in negative territory.
10 June 2024
The week ahead – All eyes on FOMC Economic Projections
Traders will be closely monitoring the CPI data for signs of further softening, which could justify market expectations for a September rate cut.
10 June 2024
Weekly Market Recap – S&P 500 and NASDAQ 100 reach new record highs
U.S. stock indexes recovered from recent losses, ending the week higher with the NASDAQ 100 and S&P 500 hitting new record highs.
7 June 2024
Euro Holds Gains After ECB Rate Cut, Attention turns to US Non-Farm Payrolls
The euro maintained its position above $1.0880 after the European Central Bank (ECB) delivered a well-anticipated rate cut of 25 basis points.
6 June 2024
USD/CAD Reacts to BoC Rate Cut and Strong US ISM Services PMI
The Bank of Canada (BoC) lowered its policy interest rate by 25 basis points to 4.75% at its June meeting, mentioning improved confidence that inflation is trending lower...
6 June 2024
Euro Strengthens Ahead of Anticipated ECB Rate Cut
The euro's recent strength against the dollar has been influenced by reduced expectations of further significant rate cuts by the ECB this year, alongside increased bets ...
5 June 2024
Australian Dollar Overcomes Weak GDP, Boosted by Strong China Data
The Australian dollar held steady, hovering around $0.665, as domestic economic data proved less disappointing than markets feared. Despite weaker-than-expected GDP growt...
5 June 2024
USD/CAD Consolidation Continues with BoC Rate Decision and US Data in Focus
Market Consolidation After Early 2024 Surge: The USD/CAD currency pair has had a dynamic journey in 2024. After climbing from a low of $1.3170 in January to near $1.38 in...
4 June 2024
Anticipation Builds for Bank of Canada Rate Cut
The USD/CAD pair is in focus after reversing a three-day decline. Despite trading in a consolidation pattern since May, the pair has strengthened to near $1.37 on Tuesday...
4 June 2024
EUR/USD Climbs to 6-week High as US Economy Shows Signs of Slowing
The EUR/USD pair climbed to its highest level since March, surpassing the $1.09 mark during the early hours on Tuesday. This follows a three-day winning streak for the eu...
3 June 2024
The week ahead – ECB Rate Decision & US Non-Farm Payrolls
The main event in the US will be the May job market report. Nonfarm payrolls are anticipated to have grown by 190k, a slight increase from April, with the unemployment ra...
3 June 2024
Weekly Market Recap – Major Indexes Post Monthly Gains
Major indexes ended the week lower but concluded May with strong gains. Over the week, the S&P 500 declined by 0.35%, the Nasdaq 100 fell 1.4%, and the Dow lost 0.8%. Des...