THE FOREX TRENDS
Revealing the World of Forex: Expert Analysis and Secrets of successful trading
Today at 6:00 PM IST, the Non-Farm Payroll (NFP) data for the USA will be released, with a forecast of 192k, which is less than the previous data. If we consider the recent macroeconomic data, it would be fair to say that the US economy is slowing down. Last week, Core PCE and Su ...
As of July 5, 2024, there is no significant fundamental news directly impacting the British pound (GBP) for the current and upcoming week. However, notable developments concerning the US dollar (USD) are influencing the GBP/USD currency pair. Key economic indicators such as the N ...
The Eurozone's Core CPI Flash Estimate for July 2024 reported an annual increase of 2.9%, surpassing expectations of 2.8% and matching the previous month's rate. Excluding volatile items like food, energy, alcohol, and tobacco, this indicator provides crucial insights into underl ...
Last week, we saw the release of the NFP data and a speech by Fed Chair Powell. Although the NFP data exceeded expectations, it was significantly lower than the previous figure. There is no doubt that the US labor market is gradually cooling down. Fed Chair Powell will give testi ...
Recently, there has been widespread speculation in the USA about whether President Joe Biden will participate in the next presidential election. Addressing these rumors, President Biden informed congressional Democrats via a letter that he remains committed to his reelection camp ...
The Japanese Yen (JPY) is influenced by various fundamental factors, including Japan's economic data, monetary policy by the Bank of Japan (BoJ), and geopolitical events. Recently, the BoJ has maintained its ultra-loose monetary policy, aiming to support economic growth and achie ...
Yesterday, US Federal Reserve Chair Jerome Powell testified before the Senate Banking, Housing, and Urban Affairs Hearings to discuss the Semiannual Monetary Policy Report to Congress. During his testimony, Powell remarked that inflation has been improving in recent months, and t ...
Today, a significant piece of news is set to be released in the USA: the CPI (Consumer Price Index) data. The forecast for the CPI year-over-year is 3.1%, which is lower than the previous data of 3.2%. If the actual data aligns with the forecast, we could see strong selling press ...
The USD/JPY pair experienced a sharp decline on Thursday, plummeting 2.6% due to cooling US Consumer Price Index (CPI) inflation and speculated intervention by the Bank of Japan (BoJ) to stabilize the struggling yen. June’s CPI inflation numbers fell below expectations, with th ...
Last week, we witnessed several high-impact news events. Notably, Fed Chair Jerome Powell testified, and the US CPI data was released, which showed a cooling trend beyond expectations. Additionally, the PPI data was also released. Powell mentioned that there is no specific inflat ...