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The FXGT Blog
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Market Analysis
26 April 2024
Oil Prices Recover on U.S. Treasury Outlook and Middle East Tensions
Oil prices are poised to close the week on a positive note, marking a reversal from two consecutive weeks of declines. This uptick is driven by encouraging remarks from U...
26 April 2024
US Stagflation Scenario Emerges as Economic Growth Slows and Inflation Persists
Yesterday’s U.S. GDP data has introduced further pessimism into the market by indicating a scenario of lower economic growth coupled with higher inflation, often referred...
25 April 2024
Decisive Moments for the Yen: BoJ Meeting and US Economic Indicators in Play
As the Bank of Japan (BOJ) commenced its two-day rate-setting meeting on Thursday, the yen remained notably weak, breaking above the ¥155 per dollar mark —a level not see...
24 April 2024
GBP/USD Tests $1.2470 Resistance Ahead of Key US GDP and PCE Releases
The GBP/USD pair has declined by 1.40% since the start of April, marking a continued downward pressure on the British pound. The currency pair has developed a strong down...
23 April 2024
Euro Recovers Above $1.0650, Lifted by Positive German PMI Data in Contrast to Weaker US PMI Figures
EURUSD Performance: The euro has stabilized above $1.0650, although it remains near its five-month low, following positive German flash PMI data released earlier today. E...
23 April 2024
Oil Traders Cautious as Geopolitical Landscape Remains Unpredictable
Geopolitical Tensions: Oil markets are currently steady, with prices hovering around $83 a barrel, as traders wait for any new developments that could escalate geopolitic...
23 April 2024
Bitcoin Technical overview – 60,000$ Support Level Maintains Uptrend
Historical Patterns After Halving: Bitcoin typically shows a consolidation period post-halving before beginning a significant rally. This pattern has been consistent in p...
23 April 2024
Crypto News Catchup - Bitcoin has successfully completed its fourth halving event, reducing miner rewards from 6.25 to 3.125 BTC per block
Bitcoin has successfully completed its fourth halving event, reducing miner rewards from 6.25 to 3.125 BTC per block, as Bitcoin reached its 840,000th block. This event, ...
22 April 2024
The week ahead – All Eyes on U.S. GDP & PCE Price Index.
The spotlight next week will be on U.S. GDP for Q1, the core PCE index, and preliminary S&P Global PMIs. Recent strong U.S. data have reduced expectations for Federal Res...
22 April 2024
Weekly Market Recap - Hawkish Fed Remarks & Increased Geopolitical Tensions Drive US Stocks Downward
The S&P 500 had its worst week in over a year, falling below 5,000 points due to strong economic data and hawkish Federal Reserve remarks, leading to revised expectations...
19 April 2024
Japanese Yen Influenced by Geopolitical Tensions and Domestic Inflation Data
Reports of Israeli military action in Iran have sparked a wave of unrest among investors, pushing them into safe-haven currencies, such as the Japanese yen.
18 April 2024
Oil Prices Decline as Middle East Tensions Ease
U.S. crude futures extended their losses, hitting a three-week low influenced by traders discounting the immediate risks of a broader conflict in the Middle East and a le...
18 April 2024
Market Eyes Potential BoJ Response as USD/JPY Approaches Crucial ¥155 Threshold
USD/JPY has escalated to a 34-year high, reaching ¥154.80, closely approaching the crucial ¥155 level—known for potential Bank of Japan (BoJ) intervention concerns. The m...
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...