Forex Market News and Analysis

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Fri, 02 Dec 2022 14:54:53 GMT

US Employment creates USD strength

The United States monthly employment data has been revealed to be better than expected. The news have caused a surge of the US Dollar, which can be observed across all of the financial markets.

Fri, 02 Dec 2022 14:54:21 GMT

US Employment creates USD strength

The United States monthly employment data has been revealed to be better than expected. The news have caused a surge of the US Dollar, which can be observed across all of the financial markets. The Average Hourly Earnings beat the forecast of 0.3% by being at 0.6%. The Non-Farm Employment Change revealed that 263,000 new jobs have been created instead

Fri, 02 Dec 2022 14:30:08 GMT

European Union warns Twitter

The European Union officials have informed Twitter that the app could be banned due to the company not abiding by EU content moderation rules.

Fri, 02 Dec 2022 12:33:50 GMT

Gold tests major resistance zone

The string of news, which have caused a decline of the USD, have propelled the price for gold above 1,800.00. The price has passed above 1,785.20/1,786.30 zone and the 1,800.00 mark. On Friday, it was assessed that the commodity was finding support in the 1,795.00 level and resistance at 1,805.00. Namely, the pair was trading around 1,800.00. Economic Calendar Analysis The week

Fri, 02 Dec 2022 12:30:05 GMT

Tesla updates software

Due to a marker light issue, Tesla has announced that it would update the software of 435,000 vehicles in China.

Fri, 02 Dec 2022 11:54:44 GMT

USD/JPY passes below support levels

The continuous decline of the USD/JPY has been fuelled by US fundamental data like employment numbers and inflation. In addition, central bank comments have kept the USD loosing value. By the middle of Friday's trading, the pair was heading to the 133.50 level. Economic Calendar The week is set to end with the release of the United States employment data at 13:30

Fri, 02 Dec 2022 11:49:40 GMT

GBP/USD reaches summer high zone

The publication of the Core PCE Price Index has caused a decline of the US Dollar, which is boosting the financial markets and peer currencies. On the GBP/USD charts it has resulted in a test of the 1.2300 mark. The Core PCE Price Index is the main measure that the US Federal Reserve has admitted to be using to in determining

Fri, 02 Dec 2022 11:44:18 GMT

EUR/USD reacts to fundamentals

The publication of the Core PCE Price Index at 13:30 GMT on Thursday, has caused a decline of the US Dollar, which is boosting the financial markets and peer currencies. The Core PCE Price Index is the main measure that the US Federal Reserve has admitted to be using to in determining its policy. The inflation index revealed that price had

Fri, 02 Dec 2022 11:22:12 GMT

Gold reaches above 1,800.00

The string of news, which have caused a decline of the USD, have propelled the price for gold above 1,800.00. The price has passed above 1,785.20/1,786.30 zone and the 1,800.00 mark. On Friday, it was assessed that the commodity was finding support in the 1,795.00 level and resistance at 1,805.00. Namely, the pair was trading around 1,800.00. A move above 1,805.00

Fri, 02 Dec 2022 11:15:50 GMT

USD/JPY approaches 133.50

The continuous decline of the USD/JPY has been fuelled by US fundamental data like employment numbers and inflation. In addition, central bank comments have kept the USD loosing value. By the middle of Friday's trading, the pair was heading to the 133.50 level. If the US Dollar continues to decline against the Japanese Yen, the rate could find support in the

Fri, 02 Dec 2022 11:11:03 GMT

GBP/USD surge reaches 1.2300

The publication of the Core PCE Price Index has caused a decline of the US Dollar, which is boosting the financial markets and peer currencies. On the GBP/USD charts it has resulted in a test of the 1.2300 mark. The Core PCE Price Index is the main measure that the US Federal Reserve has admitted to be using to in determining

Fri, 02 Dec 2022 11:04:39 GMT

EUR/USD passes above 1.0500

The publication of the Core PCE Price Index at 13:30 GMT on Thursday, has caused a decline of the US Dollar, which is boosting the financial markets and peer currencies. The Core PCE Price Index is the main measure that the US Federal Reserve has admitted to be using to in determining its policy. The inflation index revealed that

Fri, 02 Dec 2022 10:30:06 GMT

UK housing prices decline

In November, housing prices in the United Kingdom have experienced largest decline since June 2022, as prices dropped by 1.4%.

Fri, 02 Dec 2022 08:30:06 GMT

China decreases Covid measures

In the aftermath of protests, the Chinese government has reduced its anti-coronavirus efforts by easing restrictions, despite daily infection numbers reaching record highs.

Fri, 02 Dec 2022 06:30:07 GMT

Powell comments on rates

The Chairman of the US Federal Reserve Jerome Powell has stated that interest rate hikes would slow down. However, borrowing costs should remain high.

Thu, 01 Dec 2022 14:30:07 GMT

Genesis works on avoiding bankruptcy

The United States cryptocurrency brokerage Genesis has revealed that it is restructuring in order to prevent a bankruptcy.

Thu, 01 Dec 2022 13:41:04 GMT

US PCE Price Index causes market moves

The publication of the Core PCE Price Index at 13:30 GMT, has caused a decline of the US Dollar, which is boosting the financial markets and peer currencies The Core PCE Price Index is the main measure that the US Federal Reserve has admitted to be using to in determining its policy. The inflation index revealed that price had increased on

Thu, 01 Dec 2022 13:39:03 GMT

US PCE Price Index causes market moves

The publication of the Core PCE Price Index at 13:30 GMT, has caused a decline of the US Dollar. The inflation index revealed that prices had increased on a month-on-month basis by 0.2%. However, the market consensus was that inflation had increased by 0.3%.

Thu, 01 Dec 2022 12:30:08 GMT

India bets on capital spending

The Finance Minister of India Nirmala Sitharaman has stated that the ministry expects capital spending to fuel economic growth.

Thu, 01 Dec 2022 12:19:07 GMT

Credit Suisse continues to decline

The stock price of Credit Suisse entered its 13th consecutive day of declining, as the stock price lost additional 5.50% and reached 2.67 franc mark. Since November 23, the shares have lost 30.15% of their value. This has been the worst performance since 1989. The decline has been attributed to massive fund outflows from the bank's wealth-management business. Meanwhile, Credit Suisse

Thu, 01 Dec 2022 12:16:41 GMT

Credit Suisse continues to decline

The stock price of Credit Suisse entered its 13th consecutive day of declining, as the stock price lost additional 5.50% and reached 2.67 franc mark. Since November 23, the shares have lost 21% of their value. This has been the worst performance since 1989.

Thu, 01 Dec 2022 10:30:05 GMT

Temasek suffers loss due to FTX

The Deputy Prime Minister of Singapore Lawrence Wong has revealed that Temasek Holdings would write-down nearly $275 million in investment in FTX.

Thu, 01 Dec 2022 10:24:54 GMT

Gold approaches resistance zones

The price for gold has surged due to the comments made by the head of the US Federal Reserve Jerome Powell. Namely, the policymaker stated that the US Fed might slow down their restrictive monetary policy implementation. Due to that reason the US Dollar plummeted against other assets. Economic Calendar Analysis On Thursday, note the Core PCE Price Index release at 13:30

Thu, 01 Dec 2022 10:19:03 GMT

USD/JPY reaches below 136.00

Comments about potential reduction of interest rate hikes by the Chairman of the US Federal Reserve Jerome Powell have caused a drop of the US Dollar. By the middle of Thursday's European trading hours, the pair had reached the 136.00 level. Economic Calendar On Thursday, note the Core PCE Price Index release at 13:30 GMT. The US monetary policymakers watch this index

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