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The FXGT Blog
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Forex
1 July 2024
Weekly Market Recap – US Stocks Close June Strong as Jobless Claims Increase
The major US stock indexes remained relatively unchanged over the week but closed June with notable gains. The S&P 500 increased by 3.50%, the Nasdaq 100 climbed by 6.60%...
28 June 2024
USD/JPY Surges to Historical Highs: Japanese Authorities Hint at Intervention
On Friday morning, the dollar surged to its highest level against the yen since 1986, prompting Japanese authorities to express concern about the yen's decline.
27 June 2024
US Housing Market Faces Struggles: New Home Sales Down 11.3% in May
New home sales fell 11.3% to a seasonally adjusted annual rate of 619,000 in May, down from 698,000 in April.
26 June 2024
Australian CPI Surge Sparks Rate Hike Speculation
This morning, the AUD/USD surged higher after Australia reported unexpectedly high CPI numbers.
26 June 2024
USD/CAD Drops as Canadian Inflation Surprises and Rate Cut Expectations Shift
The USD/CAD pair saw a notable decline during Tuesday’s New York session, as the Canadian Dollar gained strength following the release of unexpectedly high Canadian infla...
25 June 2024
US Data-Driven Volatility Ahead: PCE Inflation and GDP Data in Focus
This week, the US dollar may experience fluctuations due to several significant data releases.
25 June 2024
The week ahead – All Eyes on Inflation Data
With market expectations diverging from the Fed's cautious December cut outlook, US data this week could be pivotal.
25 June 2024
Weekly Market Recap – U.S. Business Activity Reaches 2-Year High
The S&P 500 posted a three-week win streak on Friday, though Wall Street's bull market stalled on Thursday and Friday.
14 June 2024
GBP/USD Drops Ahead of Crucial UK CPI Report and BoE Policy Decision
The GBP/USD pair remains under selling pressure for the second straight day on Friday, having dropped to the 1.2680 level, which has been providing support over the past ...
14 June 2024
Yen Falls to One-Month Low After BoJ Maintains Bond-Buying Pace
The Japanese Yen remains under selling pressure on Friday as markets assess the Bank of Japan's (BoJ) monetary policy announcements.
13 June 2024
Weaker PPI and Higher Jobless Claims Contradict Fed's Steady-For-Longer Stance
The Producer Price Index (PPI) for final demand in the US increased by 2.2% on a yearly basis in May, as reported by the US Bureau of Labor Statistics.
13 June 2024
US Dollar Drops on Lower CPI, Rebounds Post-Fed Press Conference
The US dollar had a turbulent day yesterday, influenced by major news events.
10 June 2024
GBP/USD Gears Up for Volatile Week: Focus on UK Data and Fed Meeting
GBP/USD struggles to recover above $1.2720 in Monday’s early European session, starting off the week in negative territory.
10 June 2024
The week ahead – All eyes on FOMC Economic Projections
Traders will be closely monitoring the CPI data for signs of further softening, which could justify market expectations for a September rate cut.
10 June 2024
Weekly Market Recap – S&P 500 and NASDAQ 100 reach new record highs
U.S. stock indexes recovered from recent losses, ending the week higher with the NASDAQ 100 and S&P 500 hitting new record highs.
7 June 2024
Euro Holds Gains After ECB Rate Cut, Attention turns to US Non-Farm Payrolls
The euro maintained its position above $1.0880 after the European Central Bank (ECB) delivered a well-anticipated rate cut of 25 basis points.