Category: Forex
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Unpacking the Latest Market Movements: Inflation, S&P 500, VIX, Dollar and USDJPY
As the US announces plans to sell 26 million barrels of crude, oil futures fall. Following the announcement that the US government will move on with its plan to sell an additional 26 million barrels of crude oil from the Strategic Petroleum Reserve, oil futures prices fell on Tuesday. In order to honor its promise […]
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Interest Rates to Keep Climbing: Philadelphia Fed President Reveals Plans for 5% Increase
As the US announces plans to sell 26 million barrels of crude, oil futures fall. Following the announcement that the US government will move on with its plan to sell an additional 26 million barrels of crude oil from the Strategic Petroleum Reserve, oil futures prices fell on Tuesday. In order to honor its promise […]
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UK Employment Market Shows Signs of Improvement Despite Challenges Ahead
UK Exchange Rates Increase Recently, the GBP/USD exchange rate surpassed previous records and climbed nearly to 1.2150. The exchange rate between the British pound and the euro (GBP/EUR) rose to 10-day highs above 1.1330 before leveling out close to 1.1315. The dollar had a modest decline as the release of the most recent US inflation […]
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US and UK Inflation Rates Take a Dip: Will the Trend Continue?
January US inflation data Due to positive base effects, the US Consumer Price Index (CPI) inflation is expected to show a seventh straight month of reduction in January. According to estimates, the reduction will be less than in prior months, dropping from 6.5% to 6.3%. However, because of the surge in gas costs, the monthly […]
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January Inflation Surges Past Expectations, Fed Response in Focus
Beaten Predictions for U.S. Inflation in January Core and Headline Inflation Exceeds Expectations The headline and core inflation readings for January in the United States were higher than anticipated, showing that inflationary pressures are still present in the nation. Although this is the case, the market’s early response looks to be in sharp contrast to […]
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Gold Market Indecision Ahead of Major Event Risk: US CPI
Before the release of important economic data, such as the US Consumer Price Index, gold market observers pause. Prior to the risk of a significant event, the gold selloff slows. According to the weekly gold chart analysis, a major decline in the gold selloff trend has been seen, especially during the last week, which led […]
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Euro Update: After the release of the EU GDP, the US CPI is looming, EUR/USD Holds Early Gains
Price, Chart, and Analysis for EUR/USD Seasonally adjusted GDP climbed by 0.1% in the Euro Area and held steady in the EU in the fourth quarter of 2022 compared to the third quarter. According to the official statement released by Eurostat, the European Union’s statistical agency, GDP increased by 0.3% in the third quarter of […]
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USD on the Rise as Inflation Data Fuels Hawkish FOMC Views
Data on inflation might be encouraging for USD backers. The predicted decrease in inflation from the 9.1% peak in June may take longer than expected, which might be advantageous for the dollar and the risk markets. It is expected that the annual headline inflation rate would be 6.2%, which would be the lowest since October […]
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Breaking: GBP/USD Uplifted as UK Unemployment Rate Remains Stable
KEY POINTS FOR UK EMPLOYMENT DATA Actual UK unemployment in December was 3.7% vs. forecasted 3.7%. Bonus (three months each year) (DEC) Actual 5.9% vs predicted 6.2% In keeping with projections, the UK’s unemployment rate remained steady during the three months ending in December 2022. People between the ages of 16 and 24 account for […]
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Today’s Pound to Euro Exchange Rate: GBP Advances Against EUR Amid Positive Market Climate
Despite domestic headwinds, the Pound Euro (GBP/EUR) moved up on Monday as an optimistic market tone supported GBP. Following a sluggish start to the session on Monday, the Pound (GBP) rebounded. Throughout Monday, the market environment gradually became better, supporting the more risk-averse Pound despite domestic challenges. The accounting and business consultancy firm BDO said […]