HUBFX’s Take on Today’s Financial News: #USGDP #AtlantaFed The economic world is buzzing today with a number of pivotal updates. One of the most significant developments comes from the United States, where the Atlanta Federal Reserve has adjusted its GDPNow forecast for Q3 2024. This downward revision, from 3.1% to…
Welcome to the Weekly Forex Report, your go-to source for analysing the latest forex market trends. This week’s report covers the rise of USD/JPY and the impact of falling Canadian retail sales. A Big Day for Canada In this Weekly Forex Report, we explore key movements, Canada took centre stage…
September 17, 2024 The USD/JPY pair surged above the critical 100-hour moving average (MA) today, marking a notable shift in market sentiment as the US dollar strengthened against the Japanese yen. This move was driven by better-than-expected US economic data, including robust retail sales and industrial production figures, which provided…
USD/CAD Technical Analysis Current Support Levels The USDCAD is currently supported by its 100-hour moving average, which is positioned at 1.35756. This moving average acts as a crucial support level, providing a base for potential bullish momentum. Resistance Levels to Watch For the USDCAD to exhibit a sustained bullish outlook,…
HUBFX Market Report – September 10, 2024 A Recession Looms Over Europe Early Next Year As we approach the final quarter of 2024, all eyes are on Europe as an economic recession is expected to hit early next year. Geopolitical tensions, inflation, and sluggish growth have weighed heavily on the…
HUBFX Weekly Market Report: ECB’s Simkus, Market Volatility, and Technical Analysis Insights In this week’s HUBFX report, we delve into the most significant market events shaping the financial landscape. The European Central Bank’s (ECB) hawkish stance, the turbulent state of global markets, the significant drop in oil prices, and critical…
September 03, 2024 at 03:47AM Bank of England Deputy Governor Breeden speaking on Tuesday ECB speakers on Tuesday may be light on comments re the economy and monetary policy Japan will spend nearly a trillion yen to cover energy subsidies Australian data – Q2 net export contribution to GDP +0.2%…
September 03, 2024 at 02:15AM The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate. CNH is the offshore yuan. USD /CNH has no restrictions…
September 03, 2024 at 01:22AM People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate…
September 02, 2024 at 10:26AM The dollar battled in month-end trading last week and that kept a lid on AUD/USD, with sellers also holding at the July high around the figure level. The key level there will remain a focus this week, especially with the dollar side of the equation…
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