by Eddie Tan | Apr 16, 2024 | Forex Analysis
Forex and Stock Market Analysis – April 16 Currency Overview: GBP/USD Dynamics: The GBP/USD pair continues its downward trajectory, fueled by worsening indicators in the UK labor market. Unemployment in the UK escalated to 4.2% in February, surpassing both...
by Eddie Tan | Apr 12, 2024 | Forex Analysis
Forex and Stock Market Analysis Currency Overview: Euro Dynamics Post-ECB Decision: The euro weakened against the U.S. dollar and British pound following the European Central Bank’s dovish statements in its April meeting. EUR/USD fell 0.2% to 1.0725, while...
by Eddie Tan | Apr 8, 2024 | Forex Analysis
Forex and Stock Market Update Currency Sector Insights: Upcoming Attractions: Spotlight on Gold, US Dollar, Euro, and Pound Sterling ahead of key financial events. This Week’s Major Events: Anticipation builds for US CPI data, central bank decisions from Canada,...
by Eddie Tan | Apr 3, 2024 | Forex Analysis
Forex and Financial Market Update Currency Insights: US Dollar Dynamics: The U.S. dollar experienced a minor dip (-0.2% to 104.75), stepping back from its recent five-month peak amidst global yield fluctuations surpassing those of U.S. treasuries. Economic Event...
by Eddie Tan | Mar 27, 2024 | Forex Analysis
Forex & Shares Market Analysis 27 March 2024 Currency Sector Update: US Dollar Trends: The US dollar is exhibiting a steady pattern, with slight fluctuations influenced by mixed Treasury yields and a cautious market atmosphere. Event Watch: Traders are in a...
by Eddie Tan | Mar 26, 2024 | Forex Analysis
26 March 2024 Forex Analysis Currency Insights: GBP/USD Developments: The British Pound edged slightly over 1.26 against the US Dollar, spurred by expectations of Federal Reserve interest rate cuts in June. Market Expectations: Investor confidence in an imminent...