Posts Tagged ‘Forex courses’
European Central Bank Preview: Interest rates on hold as markets expect first cut in June
In anticipation of the upcoming European Central Bank (ECB) meeting, market analysts predict that interest rates will remain unchanged amidst growing expectations of a potential rate cut in June. The ECB, led by President Christine Lagarde, has been closely monitoring economic indicators amid persistent concerns over inflationary pressures and sluggish growth across the Eurozone. With…
Read MoreSilver price today: Silver rises further, according to FXStreet data
In the ever-fluctuating world of precious metals, silver has once again emerged as a shining star, as reported by FXStreet data. Today’s market brings promising news for investors and traders alike, as the price of silver continues its upward trajectory. Silver has surged further amid economic uncertainties and geopolitical tensions, signaling strong investor interest and…
Read MoreBoJ’s Ueda: Impact of past rises in import costs on Japan’s inflation likely to dissipate
In the latest market news, Bank of Japan (BoJ) board member Hitoshi Ueda has remarked that the impact of previous increases in import costs on Japan’s inflation is expected to diminish. Ueda’s statement comes amidst growing concerns about inflationary pressures globally and their potential implications for Japan’s economy. Ueda’s assessment suggests a cautious outlook regarding…
Read MoreNZD/USD hovers around 0.6000 ahead of US NFP data
In the latest market update, the NZD/USD pair is seen hovering around the key psychological level of 0.6000 as traders await the release of the highly anticipated US Non-Farm Payrolls (NFP) data. The New Zealand dollar has shown resilience amidst uncertain market conditions, with investors closely monitoring economic indicators for signs of recovery amid the…
Read MoreUSD/INR weakens following upbeat Indian Services PMI data
The USD/INR currency pair faced downward pressure as upbeat Indian Services PMI (Purchasing Managers’ Index) data spurred optimism about the country’s economic recovery. The Indian Rupee strengthened against the US Dollar following the release of robust Services PMI figures, which surpassed market expectations and indicated a notable expansion in the Indian services sector. Investors welcomed…
Read MoreEUR/USD recovers on weaker US Services PMIs
The EUR/USD currency pair staged a recovery as the US Services PMIs (Purchasing Managers’ Index) exhibited unexpected weakness, signaling potential challenges for the American economy. The Euro strengthened against the US Dollar as investors reacted to the data, which indicated a slower-than-anticipated expansion in the US services sector. This development contrasted with earlier market expectations,…
Read MoreForex Today: EU inflation figures, US employment data and PMI report to drive the action
In today’s forex market, traders are closely monitoring a trifecta of influential factors poised to shape market sentiment: EU inflation figures, US employment data, and the Purchasing Managers’ Index (PMI) report. Firstly, eyes are on the European Union’s inflation data, a crucial gauge of economic health. Any surprises in these figures could potentially sway the…
Read MoreEUR/USD clings to mild losses below 1.0770, investors await Eurozone inflation, US PMI data
In the realm of currency markets, the EUR/USD pair is currently holding onto slight losses, trading below the key level of 1.0770, as investors eagerly anticipate the release of crucial economic data from both the Eurozone and the United States. Market participants are closely monitoring the Eurozone inflation data, which is expected to provide insights…
Read MoreForex Today: Gold surges to new record high on Easter Monday
In a remarkable surgeon Easter Monday, the price of gold soared to unprecedented heights, setting a new record high in the forex market. As financial markets reopened after the holiday weekend, investors were greeted with a flurry of activity, particularly in the precious metals sector. Gold, often considered a haven asset, experienced a dramatic rally,…
Read MoreAsia FX flat as dollar rises before the Fed; yen plumbs 4-mth lows
Most Asian currencies moved little on Wednesday amid caution before more signals on interest rate cuts from the Federal Reserve due later in the day, with the dollar sitting at two-week highs. The Japanese yen extended its declines after the Bank of Japan struck a largely dovish chord, despite hiking interest rates for the first…
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