Stay on top of your trading with analyses of the latest market news.
Key Points: The US Dollar Index (DYX) falls 1% after US inflation data shows decline. Major currencies rose against USD, while gold prices jumped to the $2,400 price level. Lower inflation rekindles hopes of Federal Reserve rate cuts. The US …
Key Points: Australian dollar drops below $0.67 against the US dollar following weak employment data. Increased unemployment and slow wage growth reduce rate hike expectations. With optimism in economy of China, the Australian dollar may be bolstered as it is …
The current sentiment in the forex market is manifesting through interesting trends across key currency pairs, indicating potential shifts that traders should monitor closely. Starting with the GBP/USD pair, 56.68% of clients are currently bearish, with a short-to-long ratio of …
Key Points: US consumer prices slowed more than expected in April, providing relief to concerns on persistent inflation S&P 500, Nasdaq and Dow Jones reach new record highs, signaling strong investor confidence. Meme stocks surged alongside Bitcoin, reflecting increased …
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