NASDAQ Hits on Tuesday, most US stock indices saw gains ahead of a significant speech by Federal Reserve Chair Jerome Powell. Powell’s upcoming address, set to take place at a conference in Portugal alongside other central bank governors, has investors on edge, particularly concerning future monetary policy directions. With a 70% chance of a Fed …
Euro Scales has been on an impressive upward trajectory, recently achieving a 32-year high against the yen. This remarkable performance is attributed to the widening interest rate gap between the Eurozone and Japan, coupled with economic challenges faced by Japan. In this article, we will explore the factors contributing to this historic rise, the current …
Dollar Extends Losses is continuing its downward trend, falling against a basket of major rivals for the fifth consecutive session. This decline comes as investors await the release of the Federal Reserve’s meeting minutes, which are expected to provide crucial insights into future monetary policy directions. Current Market Performance In European trade on Wednesday, the …
US Crude Stocks Tumble experienced a dramatic fall last week, plummeting by over 12 million barrels. This sharp drawdown has captured the market’s attention, highlighting the critical role that inventory data plays in shaping oil prices and market expectations. Details of the Drawdown The Energy Information Administration (EIA) reported that US crude stocks decreased by …
US Crude Stocks Tumble by Over 12 Million Barrels Read More »
Aussie Climbs made a notable leap against its major rivals recently, primarily driven by stronger-than-expected retail sales data. In the world of forex trading, such economic indicators play a critical role, often causing significant currency movements. Let’s dive into the details of these developments and their implications on the market. Australian Retail Sales Data Australia’s …
