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The FXGT Blog
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Forex
22 May 2024
EUR/USD Awaits FOMC Outcome, Key Support Level at $1.08 in Play
EUR/USD has been in an upward trajectory since mid-April, finding strong support above the $1.06 level. The rally has lifted the daily chart above a key moving average fo...
20 May 2024
The week ahead – All Eyes on FOMC Minutes
The minutes from the Fed’s May policy meeting, along with various Fed speakers, will provide insights into the Fed’s rate path. Market participants will be keen on any in...
20 May 2024
Weekly Market Recap – US Stocks Reach New Record Highs
Wall Street had a record-breaking week, driven by slower-than-expected April inflation data. The headline CPI increased at a slower-than-anticipated rate, and core CPI co...
16 May 2024
Stock Rally Stalls as Investors React to Jobless Claims and Economic Data
US main Stock indexes are mostly flat on Thursday, following record highs reached on Wednesday. The rally paused as investors digested US jobless claims, home constructio...
16 May 2024
Japan’s GDP Contraction Highlights Yen Weakness and Economic Challenges
USD/JPY is currently trading at ¥154.60, down 1.30% from this week's high. The pair experienced selling pressure following the release of softer US CPI data but managed t...
15 May 2024
US Inflation Meets Expectations While Retail Sales Stagnate
In April, US inflation as indicated by the Consumer Price Index (CPI) softened to 3.4% year-over-year, aligning with market forecasts, and marking a slight decrease from ...
14 May 2024
Rising Unemployment and Persistent Wage Growth Complicate Bank of England Decisions
Unemployment Rate: The UK's unemployment rate slightly increased to 4.3% for the three months ending in March, aligning with market forecasts, and rising from the previou...
13 May 2024
Japanese Yen Under Pressure Ahead of GDP Report
Yen Weakness Continues: The Japanese yen continues to face downward pressure, nearing ¥156.00 against the US dollar, as the market anticipates the release of Japan's GDP ...
13 May 2024
The week ahead – All Eyes on US Inflation Data
U.S. inflation metrics take the spotlight for the upcoming week, with the Producer Price Index (PPI) due Tuesday and the Consumer Price Index (CPI) on Wednesday. A modera...
13 May 2024
Weekly Market Recap – U.S. Labor Market Shows Signs of Weakening as Unemployment Claims Hit 8-Month High
U.S. stock indexes continued their upward trend for the third consecutive week, with the Dow Jones Industrial Average increasing by approximately 2%, the S&P 500 by 1.6%,...
10 May 2024
USD/CHF at Crossroads: Long-Term Resistance Versus Ongoing Bullish Trend
The USD/CHF pair has experienced a significant uptrend since the start of 2024, appreciating by approximately 8%. However, this trend recently encountered significant lon...
9 May 2024
Bank of England Holds Rates with Optimistic Outlook for Future Cuts
The Bank of England (BoE) maintains interest rates at 5.25%, yet the tone of their latest policy statement suggests a shift toward optimism. This aligns with Governor And...
30 April 2024
Eurozone Surpasses Growth Expectations: Implications for ECB Monetary Policy
According to the latest Eurostat data, inflation in Europe held steady at 2.4% in March, aligning with market expectations. More notably, the core inflation rate, which e...
29 April 2024
Japanese Yen Surges 500 Pips in Dramatic Reversal Amid Intervention Speculation
The Japanese Yen made a significant comeback after the USD/JPY pair reached the critical ¥160.00 level during Monday's Asian session, marking the yen's lowest point since...
29 April 2024
The week ahead – All Eyes on FED Meeting & Non-Farm Payrolls
With the Federal Reserve's next meeting scheduled for Tuesday and Wednesday, all eyes will be on any signals regarding future monetary policy adjustments. The focus will ...
29 April 2024
Weekly Market Recap – US Stocks Recover Driven by Strong Earnings from Technology Companies.
US Stocks experienced notable gains this week, ending a three-week losing streak, largely driven by strong earnings from technology companies. Tesla, Microsoft, and Alpha...