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The FXGT Blog
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Forex
17 April 2024
Canada's Inflation Cools to 2.9%, Fuelling Speculation of Imminent BoC Rate Cut
USD/CAD Dynamics: The Canadian Dollar suffered losses against the US Dollar following hawkish remarks by Federal Reserve Chair Jerome Powell and the release of Canadian i...
17 April 2024
Sterling Gains as UK Inflation Surpasses Expectations
The Pound Sterling advanced above $1.2450 against the US Dollar as UK inflation data for March showed a higher-than-expected increase. The headline CPI rose by 3.2%, abov...
16 April 2024
GBPUSD Reaches Five-Month Low, Crucial Inflation Report Ahead
The GBP/USD pair continues its decline, reaching a five-month low, influenced by increased expectations of aggressive policy easing by the Bank of England, in contrast to...
15 April 2024
Yen Hits 34-Year Low as US Dollar Strengthens
Yen Under Pressure: The Japanese yen continues its decline, reaching a 34-year low as it approaches ¥154 per dollar. The yen is weakened by a strong US dollar, bolstered ...
15 April 2024
The week ahead – All Eyes on Inflation data from the UK, Canada, Japan & New Zealand
Middle East Conflict: Continued conflict between Israel and Iran following Saturday’s escalation will likely affect global market sentiments, keeping traders vigilant on ...
15 April 2024
Weekly Market Recap - U.S. Stocks adjust to the reality of persistent inflation
U.S. stocks experienced their second consecutive week of declines, as the market adjusted to the reality of persistent inflation. As a result, the Dow Jones Industrial Av...
11 April 2024
ECB's Rate Path Dilemma: Synchronize with Fed or Diverge? Spotlight On Key Support at $1.07
ECB Meeting in Focus: Today's ECB meeting is closely watched, with market consensus leaning towards a June rate cut announcement by the European Central Bank. This antici...
10 April 2024
EUR/USD Traders Brace for Inflation Data, Fed Commentary, and ECB Decision
Market anticipates volatility with upcoming U.S. CPI data, Fed speeches, FOMC meeting, and ECB meeting.
9 April 2024
NZDUSD Challenging Critical Resistance Ahead of Major News Announcements
The NZD/USD pair has been on a downward trajectory in the medium-term since breaching below the $0.6070 mark in mid-March. This level is now being retested as resistance,...
9 April 2024
NZD/USD Volatility Expected as Focus Shifts to RBNZ Decision and US CPI Data
NZD Negative Business Outlook: The pair has experienced some pressure due to a significant decline in business confidence in New Zealand...
8 April 2024
AUD Faces Pressure from Mixed Domestic Economic Reports
US Labor Market: The Australian dollar feels the pressure at $0.6580, weighed down by the strong US employment data, with 303,000 new jobs reported in March
8 April 2024
The week ahead – All Eyes on US Inflation data
Attention shifts to the headline US CPI report. A decrease in inflation is necessary for any chance of a Fed rate cut in June. However, given the less volatile nature of ...
8 April 2024
Weekly Market Recap - U.S. Stock Indexes End Winning Streak
The Dow Jones Industrial Average fell by 2.17%, the S&P 500 by 0.78%, and the Nasdaq 100 by 0.72%, ending their two-week winning streak. The decline was largely attribute...
5 April 2024
US Dollar Rallies as Job Growth Outperforms Expectations
The US economy exceeded expectations by adding 303,000 jobs last month, surpassing the forecasted 200,000 and marking the most significant increase in 10 months
5 April 2024
Traders of USD/JPY Watchful as Officials Speak, NFP Data in Focus
The dollar experienced a volatile week, dropping from a five-month high to a two-week low after surprising slowdown in U.S. services growth...
4 April 2024
EUR/JPY's Bullish Drive Targets ¥165.50
The currency pair's latest rebound off the daily EMA channel highlights ongoing strength, suggesting a trajectory towards new highs. The immediate focus is on retesting r...