The EUR/GBP currency pair has been experiencing a period of volatility. While the euro has shown signs of strength against other currencies, its position against the pound sterling has been somewhat subdued. This article will delve into the technical indicators and market dynamics that are influencing the EUR/GBP exchange rate.The …
Read More »EUR/USD Tug-of-War Face Tug of War Between Fed, ECB
The global economic recovery stumbles forward, shadowed by the ghost of the pandemic and the dark clouds of geopolitical tensions. In this uncertain landscape, the exchange rate between the Euro (EUR) and the US Dollar (USD) has become a fascinating battleground. Two central banks, the Federal Reserve (Fed) and the …
Read More »Financial Markets Weekly Recap: US Growth, PCE Ignites Price Actions
Financial markets experienced extreme volatility this summer, with notable corrections in August and an impressive resurgence. Geopolitical worries, economic statistics, corporate results, and expectations for monetary policy were some of the causes that drove volatility. Depending on the index, August’s market movement was akin to a summer action film, with …
Read More »boosted by T-Yields, USD/JPY Rallies Past 146.00
The forex market has been buzzing with activity lately, with the USD/JPY pair grabbing headlines. This is why it looks interesting to dives deep into the forces propelling this upward trend and explore its potential “Domino Effect” across the global economy. The recent surge in the USD/JPY is a confluence …
Read More »DXIY Rallies Amidst Inflationary Tides
The US Dollar has been on a steady upward trajectory, gaining strength following the release of July’s Personal Consumption Expenditures (PCE) Index. This inflation metric, favored by the Federal Reserve, has shown a consistent decline, suggesting that inflationary pressures are easing. However, the path forward for interest rate cuts remains …
Read More »Dow Jones: A New Record High, but Caution Ahead
The Dow Jones Industrial Average (DJIA) capped off a remarkable week with a new intraday high. This milestone, following a similar record-setting performance on Monday, underscores the ongoing bullish sentiment in the market. However, the recent retreat from the all-time high raises questions about the sustainability of this momentum.Inflation and …
Read More »EUR/USD Pressured Amid Softer Inflation Data
The EUR/USD pair has been under pressure in recent weeks, primarily driven by softer inflation data in both the Eurozone and the United States. While the ECB is expected to cut interest rates in September, market expectations for an aggressive pivot by the Federal Reserve have been tempered by lingering …
Read More »Eurozone Inflation Still A Persistent Challenge
Inflationary pressures in the Eurozone persist even after the headline CPI has recently slowed down. The total price index has decreased, but underlying factors—especially the inflation of services—remain persistently high. The European Central Bank’s (ECB) monetary policy actions are being influenced by the ongoing inflationary environment, which may have major …
Read More »Wall Street Cheers: Latest PCE Eases Rate Cut Concerns
US stocks were poised for a strong finish to the week on Friday, buoyed by the latest reading on the Personal Consumption Expenditures (PCE) index, the Federal Reserve’s preferred inflation gauge. The data indicated that prices rose in line with expectations in July, easing concerns about persistently high inflation and …
Read More »Market Drivers; US Session, August 26
The US Dollar continued its upward trajectory, boosted by higher interest rates and stronger-than-expected economic indicators. This surge was particularly pronounced ahead of the release of crucial Personal Consumption Expenditure (PCE) inflation data on Friday.Economic Data:Initial jobless claims fell to 231,000 for the week ending August 25, compared to the …
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