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Australia Consumer Price Index rose 3.4% y/y in February
Partner Center Find a Broker On Tuesday, Australia’s latest inflation report signaled the CPI growth rate held steady at 3.4% y/y in February, holding at that rate for three months now (but coming below the 3.5% y/y forecast). Food prices are finally growing a little slower at 3.6% y/y vs. 4.4% y/y
Bank of England Keeps Key Rate at 5.25%
Partner Center Find a Broker The Bank of England (BOE) delivered a dose of tough love to the U.K. economy today, choosing to maintain interest rates at a lofty 5.25%. The decision holds the key rate at a 16-year high, sending a clear signal that the central bank continues to worry more about elevate
Swiss National Bank Surprised With a 25 bps Rate Cut
Partner Center Find a Broker The Swiss National Bank (SNB) surprised market observers on Thursday by cutting its main interest rate by 25 basis points to 1.50%. This move signals the central bank’s confidence in its success in taming inflation. Link to Swiss National Bank Monetary assessment of 21 M
FOMC Holds Rates Steady, Raises 2024 GDP & Inflation Outlook
Partner Center Find a Broker The Federal Reserve Open Market Committee gave their latest monetary policy statement today, holding the target range at 5.25% to 5.5%, as widely expected. Read the Federal Reserve Statement Press release here The FOMC also released their “Summary of Economic Projections
Forex News: RBA Signals a Possible Pivot, Aussie Gets Hammered
Partner Center Find a Broker RBA Signals a Possible Pivot, Aussie Gets Hammered Hey forex fam! The Reserve Bank of Australia (RBA) finally gave traders something to chew on besides those bland rate holds. They kept the cash rate steady at 4.35%, just like everyone expected, But what got the markets
Will Silver outperform Gold in 2024?
As the year 2024 begins and various investment trends emerge, the consequences of a potential shift in the monetary policy of the Federal Reserve are at the forefront of investors’ concerns as they seek to capitalize on a potential decrease in the Fed’s benchmark interest rates. Among the most close
Will the ECB really cut interest rates in 2024?
Christine Lagarde, the Chair of the European Central Bank (ECB), had until now refrained from discussing rate cuts due to prevailing high inflation, saying that it could be risky to cut interest rates too early and that the central bank initiatives to bring back inflation to 2% were far from done. H
Forex News: U.S. CPI and Weekly Initial Jobless Claims
Partner Center Find a Broker The latest data on U.S. consumer inflation rates (CPI) and jobless claims came out on Thursday, and they painted a mixed picture of the U.S. economy. Here are some of the key takeaways: Broad U.S. consumer inflation metrics rose more than expected in December, driven by
Forex News: Switzerland CPI and Retail Sales Updates
Partner Center Find a Broker Switzerland released its consumer price index read for December and its retail sales data for November. The retail sector in Switzerland saw a 1.6% y/y increase in nominal sales in November 2023 from a year ago, after adjusting for sales days and holidays. The Federal St
FX Outlook: What to Expect in 2024?
Partner Center Find a Broker Happy New Year! 2024 promises to be a wild ride for the forex market! From central bank showdowns to political drama, it’s going to be an exciting year trading currencies! Let’s unpack what’s in store for major currencies like the US dollar, euro, yen, and more But first
Unwrapping Prosperity: The Charm of Investment Gifts for a Golden Christmas
As the holiday season draws near, the quest for the perfect gift intensifies. While traditional presents undoubtedly have their allure, an emerging trend has seen an increasing number of individuals considering financial gifts like Gold as a pragmatic and thoughtful alternative. As the spotlight tur
What does the negative outlook on the US debt really mean?
After the market closed on Friday, November 10th, the credit rating agency Moody’s revised the United States’ debt outlook from stable to negative. This suggests the possibility of the country losing its perfect credit rating in the upcoming review, typically conducted within 30 to 90 days. Moody’s
Daily Forex News and Watchlist: XAU/USD
Partner Center Find a Broker Who else is looking at the U.S. dollar today? If you are, then you might like to shake things up by starting your week with spot gold (XAU/USD) trading! Before moving on, ICYMI, I’ve listed the potential economic catalysts that you need to watch out for this week. Check
Daily Forex News and Watchlist: Bitcoin (BTC/USD)
Partner Center Find a Broker The U.S. is under the spotlight today with mid-tier data releases! How will today’s calendar events influence USD demand? Let’s take a closer look at one of the closely-watched USD pairs: Bitcoin (BTC/USD!) Before moving on, ICYMI, yesterday’s watchlist looked at AUD/CHF
What is ICT Trading in Forex?
You may or may not have heard the term ‘”ICT”’ thrown around in the forex trading websites, blogs, and communities. This term has been around in the industry for many years but gained a huge amount of traction in the last 2-3 years. ICT means Inner Circle Trading. Inner Circle Trading is owned and o
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