EUR/USD
European Central Bank rate cut by 25 bps Monetary policy decisions
Today, the Governing Council resolved to decrease the interest rates of the three primary ECB interest rates by 25 basis points. In particular, the Governing Council’s decision to decrease the
Global Money Market Funds See Surge in Inflows
The week leading up to October 2 saw significant inflows into global money market funds as investor apprehension ahead of an important U.S. payrolls report and elevated geopolitical tensions in
U.S. job creation payrolls surged by 254,000 roared higher in September
Key PointsNonfarm payrolls surged by 254,000 in September, up from a revised 159,000 in August and better than the 150,000 Dow Jones consensus forecast.The unemployment rate fell to 4.1%, down
Euro Rises to 14-Month Peak as Dollar Weakens
On Wednesday, the dollar hit a 14-month low against the euro as traders wagered that the Federal Reserve will make another significant rate cut at its November meeting due to
What Is the U.S. Dollar Index (USDX) And What Currencies are included in it
The U.S. dollar index (USDX) is a metric that quantifies the value of the U.S. dollar in reference to a basket of foreign currencies. The U.S. Federal Reserve established the
UK Economy Bounces Back: GDP Growth Gives Pound a Boost
The euro maintained over $1.10, close to its seven-month high the day before, supported by data suggesting decreasing U.S. inflation, which bolstered predictions of a Fed rate drop next month.
August Alarm: Euro Zone Investor Sentiment Suffers Sharp Decline
Investor sentiment in the euro zone declined for the second consecutive month in August, according to a survey released on Monday, hitting its lowest level since January. The Sentix index
INTEREST RATE VS FOREX MARKET:SIMPLY EXPLAINED.
Forex is one of the largest and most liquid financial markets in the world, with more than $6 trillion changing hands every day. One of the most critical drivers of
FOREX FOR STARTERS: BE AWARE OF BASIC CONCEPTS OF FOREX.
Introduction The foreign exchange market, usually referred to as the forex market, is the largest and most liquid financial market in the world. Measured by daily trading volume, it is