Forex Analysis

LAST WEEK’S RECAP The DXY index, which measures the strength of the US dollar, fell by almost 2.75%. This decline happened over the last few trading sessions and was triggered by lower-than-expected US inflation figures and disappointing initial jobless claims. The broader greenback dropped significantly, nearing its lowest level since early September. The decrease in…

Weekly Recap Last week was a transitional period for both the financial markets and the calendar. Treasury yields fell significantly, leading to a decrease in the value of the dollar, while equities experienced their most profitable week in a year. The performance of non-farm payrolls and ISM services was weaker than anticipated, which contributed to…

US NFP DATA FOR OCTOBER The US Non-farm payroll data for October fell short of expectations, with the actual figure coming in at 150,000 compared to the anticipated 180,000. Furthermore, the unemployment rate showed a slight increase from 3.8% to 3.9%. Although average hourly earnings exhibited an increase on a yearly basis, they cooled off…

Last Week Summary The S&P 500 stock index has recently experienced a decline of more than 10%, which meets the definition of a ‘market correction.’ This has raised concerns among forex traders who are closely monitoring the situation due to factors such as geopolitical tensions, interest rates, and less-than-stellar third-quarter corporate earnings. The US stock…

Last Week Summary The financial markets are experiencing a lot of volatility and uncertainty due to geopolitical tensions. The bond market is susceptible, with the 10-year Treasury yield reaching 5% for the first time since 2007. This is due to a combination of factors, including an expanding bond supply and ongoing geopolitical crises. The US…

Last Week Summary Israel and Palestinian war The war between Israel and Palestine took the headlines last week, the Israeli military has announced that it will be mobilizing 300,000 reservists in response to the recent attack by Hamas militants. This is an unprecedented move and a comprehensive blockade has also been implemented in the Gaza…

US Employment and CPI Summary US employers have impressively expanded their workforce and increased employee numbers in defiance of the advanced business cycle and Federal Reserve tightening efforts. As we approach the latter part of 2023, the labor market continues to support the overall economy strongly. According to the latest data from the US Department…

What happened last week During the previous week, there was a significant decline in the value of gold, a precious metal that is often perceived as a safe-haven choice during times of economic uncertainty. Gold prices experienced significant fluctuations last week. Despite holding up against a hawkish Federal Reserve outlook, the precious metal suffered heavy…

GOLD (XAUUSD) Forecast The US Federal Reserve meeting last week was a hot topic, and it lived up to expectations. The Fed changed its approach by updating its projections and reducing the expected rate cuts for 2024 from 100 to 50 basis points. Additionally, the Fed improved its growth estimates and expressed confidence in the…

The US dollar took center stage during the past week, after the release of mixed US Consumer Price Index (CPI) figures, which set the stage for an intriguing sequence of events, later in the week, the Producer Price Index (PPI) and retail sales data were released. These reports not only reinforced the prevailing narrative of…