Important Note!
We use cookies to ensure you get the best experience on our website.
By clicking ‘Agree,’ you accept our use of cookies as outlined in our cookies policy
The FXGT Blog
Start your journey to financial empowerment with FXGT
Forex
29 May 2024
AUD/USD Holds Steady as Inflation Hits Highest Rate Since November
Despite weaker-than-expected retail sales on Tuesday and a higher-than-anticipated inflation report today, the Australian dollar remained largely unchanged since Monday. ...
29 May 2024
EUR/GBP Challenging the £0.85 Support Level Ahead of Key ECB Meeting
Over the past two weeks, EUR/GBP has declined from a high of £0.8620 reached on May 10th, dropping to a low below £0.85. Expectations of imminent ECB rate cuts, in contra...
27 May 2024
AUD/USD Maintains Strength Above $0.66 Ahead of Upcoming Retail Sales and Inflation Data
The Australian dollar held steady above $0.66 amid low liquidity due to the U.S. holiday, as investors await key domestic retail sales and inflation data later this week....
27 May 2024
The week ahead – US GDP & PCE Price Index
In a holiday-shortened week due to Memorial Day, key updates include the second Q1 GDP estimate on Thursday and April's core PCE price index on Friday. A lower PCE and so...
27 May 2024
Weekly Market Recap – Fed’s Higher-for-Longer Policy
The major U.S. stock indexes had mixed results this week. The Dow fell over 2.40%, ending its five-week winning streak and dropping to 39,000 points. The Nasdaq rose 1.34...
23 May 2024
GBP/USD Holds Above $1.2700 Despite Weak UK PMI Data, Focus Shifts to UK Retail Sales
The GBP/USD pair remains strong as traders reduce bets on a BoE rate cut in June, following the slower-than-expected inflation decline. The Pound benefits from these adju...
23 May 2024
Cautious Fed Minutes Pressure EUR/USD, Focus Shifts to PMI Data
The EUR/USD was knocked lower on Wednesday after the Federal Reserve’s (Fed) latest Meeting Minutes revealed a cautious stance from the Federal Open Market Committee (FOM...
22 May 2024
Sterling Gains as April Inflation Exceeds Forecasts, Shifts BoE Rate Cut Hopes to November
The pound jumped after data showed UK inflation fell less than expected in April. The April print has emerged as a significant hurdle for the Bank of England’s potential ...
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 ...