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The FXGT Blog
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Forex
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...
4 April 2024
EUR/USD Market Dynamics following Services PMI Data
An unexpected slowdown in U.S. services growth contributed to the dollar's recent decline, yet discussions around interest rate cuts remain cautious...
Forex Trading
Beginner
2 April 2024
Forex Market Hours: A Beginner's Guide to Global Trading Sessions
Have you ever considered that people live in different time zones? So, when you wake up in the morning and you gaze at the sun, in someone's country and location it is ni...
2 April 2024
The week ahead – All eyes on March Employment Data
Jobs Data in Focus: Market attention is centered around employment data, with several crucial labor market reports lined up. The week kicks off with the Job Openings and ...
2 April 2024
Weekly Market Recap - First Quarter Finale
U.S. Stock Indices concluded an impressive first quarter on a high note, marking a remarkable fifth consecutive month of gains. Since the start of 2024, the S&P 500 has i...
29 March 2024
Markets Brace for Powell's Remarks Post-Inflation Data Release
February's PCE Price Index rose by 2.5% year-over-year, marking a modest increase from January's 2.4% gain. On a monthly basis, the PCE Price Index grew by 0.3%
29 March 2024
USD/CAD Rejects $1.3620 for the Fourth Time During March
The pair has been navigating a broad sideways pattern over the past month, repeatedly testing but not breaking the upper limit of the large trading range at $1.3620. This...
28 March 2024
UK Data Confirms Economy Entered Recession Last Year
The Office for National Statistics reported a contraction of 0.1% in the UK's GDP in the third quarter and a 0.3% shrinkage in the fourth quarter.
28 March 2024
Canadian GDP and US Q4 Figures to Stir USD/CAD Volatility Today
The spotlight is on today's economic calendar, featuring the Canadian GDP report and the final US Q4 GDP figures, among other data.