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EUR/USD Pair Faced Sellers Near 1.0275 and is Currently Moving Lower

The Euro started a recovery wave above the 1.0200 zone against the US Dollar. The EUR/USD pair climbed above the 1.0250 resistance but it faced sellers. The pair faced sellers near the 1.0275 zone and is currently moving lower. It...

AdminJul 22, 2022

Fundamental analysis of Forex market

Cliff Notes: Inflation Still of Paramount Concern as Risks to Activity Build

Key insights from the week that was. In Australia and abroad, it was a quiet week for data, keeping the focus on monetary policy. At home, the July RBA minutes and speeches by RBA Governor Lowe and Deputy Governor Bullock...

AdminJul 22, 2022

Fundamental analysis of Forex market

Euro Jumps as ECB Delivers 50bps

As mentioned earlier, there was a great deal of uncertainty over whether the European Central Bank would opt for a 25- or 50-basis point rate hike today, which meant that the euro would move sharply based on the decision as the market...

AdminJul 21, 2022

Finance news

Jobless claims rise again in another sign that labor market is cooling

A woman walks in front of a store on February 22, 2021, in New York City. John Smith | Corbis News | Getty Images Initial jobless claims hit their highest level since mid-November last week, the latest sign that a...

AdminJul 21, 2022

Technical analysis of Forex market

GBP/USD: Recovery Continues to Struggle at 1.20 Barrier

Cable continues to face strong headwinds at psychological 1.20 barrier for the third consecutive day and eases below 1.20 level after hitting a session high at 1.2037. Bulls already failed twice to sustain gains above 1.20 and on track for...

AdminJul 20, 2022

Market overviews

Canadian Dollar Softens after CPI Release, Dollar Recovering Slightly

Canadian Dollar softens mildly in early US session after consumer inflation data. While CPI hit another near four-decade high, the reading was far below market expectations. On the other hand, New Zealand and Australian Dollar remains generally firm. Dollar is...

AdminJul 20, 2022

Finance news

Yellen says the U.S. and its allies should use ‘friend-shoring’ to give supply chains a boost

U.S. Treasury Secretary Janet Yellen (pictured here at a news conference, ahead of the G-20 meeting in Bali on July 14), said supply chain resilience is a key focus of the Biden-Harris administration. Made Nagi | Reuters U.S. Treasury Secretary...

AdminJul 19, 2022

Technical analysis of Forex market

GBPUSD Jumps Higher to Meet 1.2000

GBPUSD is showing signs of being positive in the short run, after gaining ground on Thursday and breaking over its 28-month low of 1.1760. The technical indicators are pointing upwards as the RSI is on the rise, but it has...

AdminJul 19, 2022

Fundamental analysis of Forex market

NZD Jumps on Strong Inflation But Unlikely to be for Long

The annual inflation rate in New Zealand accelerated to 7.3%, a new high since 1990 and above average forecasts for 7.1%. The quarterly price growth of 1.7% also remains elevated, showing no deceleration in the last quarter. Short-term inflation figures...

AdminJul 18, 2022

Market overviews

EUR/USD Extending Rebound as Dollar Continues Pullback

Dollar, Yen and Swiss Franc are both under some selling pressure today, as overall risk sentiment improved. Sterling is currently the winner and Euro is not too far behind. Canadian Dollar leads commodity currencies, as Kiwi is somewhat lagging despite...

AdminJul 18, 2022

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Liudmila

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Author: Admin

EUR/USD Pair Faced Sellers Near 1.0275 and is Currently Moving Lower

Cliff Notes: Inflation Still of Paramount Concern as Risks to Activity Build

Euro Jumps as ECB Delivers 50bps

Jobless claims rise again in another sign that labor market is cooling

GBP/USD: Recovery Continues to Struggle at 1.20 Barrier

Canadian Dollar Softens after CPI Release, Dollar Recovering Slightly

Yellen says the U.S. and its allies should use ‘friend-shoring’ to give supply chains a boost

GBPUSD Jumps Higher to Meet 1.2000

NZD Jumps on Strong Inflation But Unlikely to be for Long

EUR/USD Extending Rebound as Dollar Continues Pullback

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