Forex News and Market Analysis
Are We Seeing the Death of Reddit Stock Already?
Reddit stock is falling today as Redditors bring their short selling plans to fruition and drive down the price of the newly launched stock. Full Article
Walgreens Earnings Report Drives Up Stock Price, Shows Promise
Walgreens stock is up today following an earning report that was positive overall depside a net loss. Full Article
Brazil: Bringing inflation to target with the lowest possible social cost, says CB president.
He cited countries like Argentina and Turkey, where higher inflation led to inequality. Full Article
The Swiss central bank halts its currency sales amid lower inflationary pressure.
Last week, the Swiss National Bank (SNB) cut its key interest rate by 25 basis points to 1.50%. Full Article
USD/BRL: Real Suffers Bullish US Data & Weak Employment from Brazil
The real continued in a bearish market today as strong economic data from the US favored the greenback. Full Article
Oil rises more than 1% amid expectations of tight supply.
Futures for U.S. West Texas Intermediate (WTI) crude for delivery in May, meanwhile, rose 89 cents, or 1.1%, to $82.24 per barrel. Full Article
Wall Street opens without a clear direction ahead of the Good Friday holiday.
The broader S&P 500 index, comprising the top 500 companies, remained unchanged at 5,247 units. Full Article
Three Cryptos Making Major Gains This Week as Market Treads Water
Three cryptos are making huge moves this week as the market gets back on its feet, and all three are leaving Bitcoin in the dust. Full Article
Asian Stocks Drift as S&P 500 Achieves Another Record High
Asian stocks displayed a mixed performance following a resurgence in US stocks, which closed at a new record after a three-day downtrend. Full Article
USD/CAD Keeps in the Ascending Channel After Positive Canada GDP
USD/CAD has been trading in an ascending channel, and today we're seeing a retreat after the upbeat Canada GDP report for February Full Article
Bitcoin (BTC) Surges To Fresh Peaks As Market Gears Up For The Bitcoin Halving Event
The Bitcoin halving event is fast approaching and the market can’t contain the hype. Bitcoin’s value has once again astounded the market. Full Article
Forbes Criticizes Ripple for XRPL’s Role in Global Finance
Forbes article shows that the XRP Ledger alongside 19 other blockchains was ineffective, going as far as labeling them as “zombie chains" Full Article
Consumer Confidence Falls for March Amid Heated Inflation Numbers
Inflation is rising and so are prices, but jobless claims have decreased while high ticket item purchases are on the rise. Full Article
When Is the Next Bitcoin Bull Run?
Bitcoin is hardly moving at the moment, which places it in a decisive spot where it could go either way with a small push. Full Article
AUD/USD Price Forecast: Dips to 0.6495 Amid Economic Concerns and Fed’s Stance
The AUD/USD exchange rate has seen a downturn to 0.64945, reflecting a 0.61% decline. This move downwards is primarily driven by Australia's Full Article
USD/JPY Price Forecast: Navigating Hawkish Fed Waters at 151.50; Sell Today?
The USD/JPY pair saw sustained elevation, trading robustly around the 151.50 mark. This resilience is largely due to the Federal Reserve's Full Article
Stock Market Opening High for Big Trading Day before the Holiday Weekend
Stock markets closed high but could open down as trading closes off for the holiday weekend and Easter begins. Full Article
EURUSD Heading for 1.07 as EU and US Economies Diverge
EUR/USD has turned bearish since Thursday, as the FED is looking less dovish than the ECB now and the EU economy will keep dragging the Euro Full Article
GBP/USD Price Forecast: Dips to 1.26160 Amid US GDP, Job Claims Anticipation
The GBP/USD exchange rate today observed a minor decrease, settling at 1.26160, a decline of 0.18%. This movement is indicative Full Article
EUR/USD Price Forecast: Sinks Below 1.080 After German Retail Slump
The EUR/USD pair has witnessed a downturn, dropping below the crucial support level of 1.0800, influenced by disappointing German retail Full Article