Todays focus will remain on the US Dollar because the market is waiting for Federal Reserve Chairman Jerome Powells speech and ISM Manufacturing data. The market wants to know what Jerome Powell will say about inflation, economic growth and future interest rate policy. His speech could make USD pairs move
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 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
In today’s forex trading market, pressure was seen on GBP when UK CPI y/y data was released at 3.0%, which was lower than the market expectation of 3.3%. After weaker-than-expected inflation data, traders now believe that the Bank of England may not maintain as aggressive a stance on interest rates