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The FXGT Blog
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Market Analysis
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...
16 April 2024
Bearish Sentiment Dominates US Stocks as US30 Index Below Key Resistance Levels
Corrective Phase: The index has entered a corrective phase after hitting record highs of 40,000, indicated by a daily reversal pattern coinciding with the break below the...
16 April 2024
Technical overview – Bitcoin Halving Ahead
Bitcoin experienced a sharp 10% decline over the past week, with escalating tensions in the Middle East during the weekend contributing to market unease. Additionally, an...
16 April 2024
Crypto News Catchup - Hong Kong has approved its first spot Bitcoin and Ethereum ETFs
Hong Kong has approved its first spot Bitcoin and Ethereum ETFs, marking a significant move towards adopting cryptocurrencies as mainstream investment tools. These ETFs, ...
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...
12 April 2024
Gold Soars to New $2,400 Record High as Geopolitical Tensions Strengthen Safe-Haven Appeal
Record-Breaking Rally: Gold price have surged to new all-time highs, reaching the $2,400 level...
12 April 2024
Rising Geopolitical Risks Spark Concerns Over Global Oil Supply Stability
Oil Price Movement: West Texas Intermediate (WTI) crude has spent the week consolidating sideways while holding above the key support at $85.00 per barrel
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...
11 April 2024
CPI Report Triggers Decline in U.S. Stock Markets
The Consumer Price Index (CPI) for March exceeded forecasts, climbing 0.4% from the previous month, which surpassed the anticipated 0.3% rise.
10 April 2024
Support at $85 Holds the Key to U.S. Oil's Bullish Sentiment
Since the start of April, U.S. oil prices have surged by 2.85%, showcasing a strong uptrend on the daily timeframe with moving averages aligned in a bullish configuration...
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,...