Tag - usd

China may respond to US House Speaker Nancy Pelosi's visit to Taiwan with military provocations, including firing missiles near Taiwan or large-scale air or naval activities…

A lot of exciting events are happening this week, including nonfarm payrolls, BOE and RBA rate hikes, and earnings season.

The bad news is that the US economy slowed for the second consecutive quarter in 2022, entering a technical recession.

As central banks raise rates amid recession fears and companies deliver financial results, markets are super active and provide multiple trade opportunities. Let's see what awaits traders this week!

The US central bank will lift interest rates at its next meeting on Wednesday, July 27. We'll watch if the Federal Reserve goes with a 75-basis-point or a 100bp hike. Several factors influence the Fed's decision. In theory, the Fed's goal in using a rate hike tool is to tame inflation without causing a recession.

Gold still has space to fall, and the euro is trying to price the ECB rate hike. Inflation readings, Elon Musk problems, earning reports, and the overall market outlook for forex await you in this video.

First, the Euro dropping below the $1 level is rare…

The US dollar gained more than 2.5% against other currencies ahead of the NFP statement on Friday. As a result, EURUSD plunged to the 20-year low at 1.0100.

The latest US jobs report helped to ease fears of a recession. The US dollar fell after Friday's job reports, but only in short term. The USD is still the market’s #1 currency.

What happened? A rise in Treasury yields and solid US labor data on Friday boosted the dollar, which climbed against the basket of major currencies…

“I want you to know how sad I am to be giving up the best job in the world,” – Boris Johnson said in front of the paparazzi and his colleagues before leaving the UK Prime Minister chair.

US dollar gains ahead of the US CPI data on July 13th, pressing gold to new lows!