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The FXGT Blog
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Market Analysis
26 June 2024
Technical overview – Bitcoin Under Pressure: Key Support Zone in Focus
Bitcoin's performance for the month is down 9%, with over a 5% drop last week, marking the second consecutive weekly decline.
25 June 2024
US Data-Driven Volatility Ahead: PCE Inflation and GDP Data in Focus
This week, the US dollar may experience fluctuations due to several significant data releases.
25 June 2024
Weekly Market Recap – U.S. Business Activity Reaches 2-Year High
The S&P 500 posted a three-week win streak on Friday, though Wall Street's bull market stalled on Thursday and Friday.
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.
12 June 2024
Oil Prices Climb on Revised Demand Forecasts and Inventory Declines
Oil prices continued to increase on Wednesday, supported by upbeat global demand projections from the U.S. Energy Information Administration (EIA) and OPEC, alongside ind...
11 June 2024
Gold's Bull Run Hangs on $2275 Support with FOMC and CPI In Focus
Gold has risen 12% since the start of the year. Recently, however, it has been consolidating within a broad range after encountering strong resistance at $2,400 in both A...
11 June 2024
China’s Gold Buying Pause and US Rate Speculation Hit Gold Prices
Gold saw a significant decline on Friday, closing 3.50% lower after the People’s Bank of China announced it did not add gold to its reserves in May, ending an 18-month st...
11 June 2024
Bitcoin's Price Action Stalls Amid Strong US Jobs Data and Fed Speculation
Bitcoin has dropped by 1.5% over the past week, but the sideways consolidation persists in the medium term.
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.
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 ...