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Day: November 7, 2024

Germany’s Industrial Production Falls 2.5% MoM in September, Worse Than Expected – EUR/USD Holds Steady Above 1.0750
FinanceNews

Germany’s Industrial Production Falls 2.5% MoM in September, Worse Than Expected – EUR/USD Holds Steady Above 1.0750

Monicah WNovember 7, 2024November 7, 2024

Germany’s industrial sector has shown signs of struggle, with the latest data revealing a 2.5% month-on-month (MoM) decline in industrial…

Bank Of England Set For 25bps Rate Cut- What It Means For GBP/USD, Key Support At 1.2811
FinanceNews

Bank Of England Set For 25bps Rate Cut- What It Means For GBP/USD, Key Support At 1.2811

Sean WilliamsNovember 7, 2024November 7, 2024

The Bank of England (BoE) is expected to implement a 25-basis-point rate cut on Thursday, November 7, 2024, as inflationary…

USD Surges 1.5% On Trump Victory, Pauses Below 105.00 As Markets Eye Fed And BoE Rate Decisions
FinanceNews

USD Surges 1.5% On Trump Victory, Pauses Below 105.00 As Markets Eye Fed And BoE Rate Decisions

Sean WilliamsNovember 7, 2024November 7, 2024

The US Dollar (USD) surged to new heights on Wednesday, fueled by market optimism surrounding Donald Trump’s presidential victory. This…

Japanese Yen Struggles To Capitalize On Modest Gains As USD/JPY Hits 4-Month High- Intervention Concerns And Fed Decision Weigh On Outlook
FinanceNews

Japanese Yen Struggles To Capitalize On Modest Gains As USD/JPY Hits 4-Month High- Intervention Concerns And Fed Decision Weigh On Outlook

Monicah WNovember 7, 2024November 7, 2024

The Japanese Yen (JPY) has struggled to build on modest intraday gains, remaining under pressure as it grapples with market…

Gold Price Drops To $2,650 As US Dollar Hits 4-Month High And Treasury Yields Surge To 4.47% Ahead Of Fed Rate Cut Decision
FinanceNews

Gold Price Drops To $2,650 As US Dollar Hits 4-Month High And Treasury Yields Surge To 4.47% Ahead Of Fed Rate Cut Decision

Sean WilliamsNovember 7, 2024November 7, 2024

Gold prices remain under significant pressure despite a slight dip in the US Dollar as the market gears up for…

USD/INR Surges Past 84.30 Resistance As Fed Eyes 25 Bps Rate Cut, Indian Rupee Hits Multi-Month Low Amid 98% Rate Cut Odds
FinanceNews

USD/INR Surges Past 84.30 Resistance As Fed Eyes 25 Bps Rate Cut, Indian Rupee Hits Multi-Month Low Amid 98% Rate Cut Odds

Monicah WNovember 7, 2024November 7, 2024

The USD/INR pair gained momentum in Thursday’s early European session as the Indian Rupee (INR) weakened, influenced by a strong…

GBP/USD Rebounds From 1.2835 Multi-Month Low, Eyes 1.2900 As BoE Rate Decision And Fed Meeting Awaited
FinanceNews

GBP/USD Rebounds From 1.2835 Multi-Month Low, Eyes 1.2900 As BoE Rate Decision And Fed Meeting Awaited

Sean WilliamsNovember 7, 2024November 7, 2024

The GBP/USD pair has seen a moderate recovery, moving away from its lowest levels since mid-August as it climbs back…

Australian Dollar Rises 0.5% Amid China’s $95.27 Billion Trade Surplus Boost, But U.S. Fed Decision Could Shift AUD/USD
FinanceNews

Australian Dollar Rises 0.5% Amid China’s $95.27 Billion Trade Surplus Boost, But U.S. Fed Decision Could Shift AUD/USD

Monicah WNovember 7, 2024November 7, 2024

The Australian Dollar (AUD) saw a notable uptick after China released impressive trade balance data for October, defying market expectations.…

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Recent Posts

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