Inflation Report After the release of the US Inflation Report last week, the Greenback saw a meteoric rise to close Thursday’s trading. Prices hit within a smidge of the high reached in July 2020. The…
Trading Outlook
Volatility On The Horizon: A Big Week For Forex
Volatility ahead with the US Dollar as it resumed its upward trajectory last week, more than likely anticipating a hawkish Federal Reserve monetary policy statement. However, many commentators found this a little strange as this…
Greenback Rallies On The Back Of Excellent US GDP Report
GDP Report And The Greenback The Greenback was one of the top-performing currencies in the market last week, thanks to the remarkable GDP report in the United States in the previous quarter. The USD gained…
Forex and Stagflation
Stagflation, or “persistent high inflation combined with high unemployment and stagnant demand,” sums up our current economic situation. It is no surprise that markets around the world are fighting for economic survival as stagflation is…
Greenback Declines Ahead of FOMC
Greenback Declines Ahead of Wednesday’s FOMC Minutes This week the USD dropped against all the majors ahead of the upcoming FOMC announcement. Significantly, the EURUSD closed above 1.2200 and appears to be approaching its 2021…
NFP Data Could Push the Greenback Higher
Greenback Dominates The US Dollar was the best-performing currency of the week ahead of the Non-Farm Payrolls data release on Friday, April 2nd. Greenback and Covid Cases This week’s major catalyst behind the US Dollars’…
Canadian Dollar Leads, Surge in Oil Prices
The Canadian Dollar on the Rise The CAD was the best performing currency last week, thanks to the counter currency weakness and a surge in oil strength. Oil Surge Last week’s surge in oil…
The Aussie Continues 2021 Dominance
Aussie Leads the Market. The Australian dollar is leading the market so far in 2021 as positive economic developments and the country’s success with Coronavirus helped push the Aussie’s price higher. Aussie, the Best Performer…
U.K’s GDP and U.S Inflation Reports to Dominate the Week
U.K’s GDP Numbers for Q2 and June Take Center Stage This week focuses on GDP reports and employment numbers. Investors will be looking at the U.K’s key figures as the country is set to release…
U.S GDP Report to Take Center Stage
U.S. – GDP Major Event of the Week The central banks around the world took center stage last week, but this week the US GDP report for the first quarter is the major highlight. Greenback…
