GBP, CAD & EUR Traders Brace for Major Economic Updates and Market Volatility Global forex markets are showing mixed sentiment as traders prepare for key economic events and react to recent data releases. Major currencies like GBP, CAD, and EUR are seeing volatility due to central bank speeches, GDP figures,
Today, the main focus in the US economic calendar will remain on the Core PCE Price Index and Prelim GDP data. The forecast for Core PCE m/m is 0.3%, which is equal to the previous 0.3%. This is the Federal Reserve’s preferred inflation indicator, so if the actual figure comes
Today, the biggest movement in the forex market was seen from Australia and New Zealand news. Australia’s CPI inflation data came weaker than expected, where CPI m/m remained only 0.4% against the 0.6% forecast and yearly CPIe below forecast. After this weak inflation data, expectations in the market have increased
Today the global forex and commodities market is looking quite active, where on one side the US Dollar is maintaining its strength, while on the other side geopolitical tensions and central bank updates are continuously impacting market sentiment. Traders’ eyes are now focused on economic data, Fed expectations, BOJ policy
Traders Focus on CAD Data as Major Markets Remain in Holiday Mode The forex market may remain relatively slow today as bank holidays in the USD, GBP, EUR, and CHF markets are keeping major participants away from trading activity. This simply means that fewer institutional players will be active, trading
Today in forex market AUD remained under pressure after weak employment data, while EUR PMI data remained mixed where manufacturing was somewhat strong but services were weak. Due to geopolitical tensions and Fed’s hawkish tone, USD and JPY received support, resulting in overall risk-off sentiment in the market. Gold and