Recent content by Z Forex

EUR/USD EUR/USD Pair Sees Short-Term Consolidation Amidst Dovish Fed Comments Following the market's perception of the Fed's dovish comments, coupled with the loss of strength in the dollar index, the currency pair experienced a rally of approximately 150 pips, but momentum has since...

Gold Prices Jump on Rate Cut Hopes, Dollar Stumbles After Dovish Fed Gold prices surged to over $2,310 per ounce on Monday, bouncing back from nearly a month-low last week. Traders are observing remarks from various Federal Reserve officials this week to estimate potential rate cuts...

Gold Prices Jump on Rate Cut Hopes, Dollar Stumbles After Dovish Fed Gold prices surged to over $2,310 per ounce on Monday, bouncing back from nearly a month-low last week. Traders are observing remarks from various Federal Reserve officials this week to estimate potential rate cuts...

EUR/USD Tests Resistance After FOMC, Eyes 1.08 for Upside Break After breaking the resistance at 1.0770 last Friday, the EUR/USD pair rallied up to the range of 1.0800-1.0810, which is supported by the 200-day moving average and the 0.38 correction level. However, it encountered some selling...

EUR/USD The Weakening of the Dollar Creates an Uptrend in the EUR/USD Pair The weakening of the dollar persists in response to the perceived dovish stance of the Federal Reserve's interest rate decision and subsequent communication. The announcement of a slowdown in quantitative...

Earnings Season Overview: Robust Revenue Growth Amid Sectoral Variations The precious metals market faces prolonged Fed tightening due to alarming inflation data, notably the PCE print. Short-term price indicators have gained Fed attention, with Chairman Powell and Vice Chairman Williams...

US Indices S&P 500 Futures Rise with Earnings Expectation and Fed Meeting S&P 500 futures rose on Monday morning, following the broad index’s best week in several months. Traders are now anticipating another eventful week filled with corporate earnings, crucial labor market data, and a...

Economic Calendar Time (GMT) Event Asset Survey Previous 10:00 Eurogroup Meetings EUR - - 12:00 German CPI (MoM) (April) EUR 0.6% 0.4% 12:00 German CPI (YoY) (April) EUR 2.3% 2.2% 19:20 ECB’s De Guindos Speaks EUR - - Daily Markets...

Mixed Signals in US Markets: Fed Rate Uncertainty, Rising Mortgage Rates, and Stable Gold Prices The uncertain timing of US Federal Reserve interest rate cuts continues to impact American stock markets. Mortgage rates for 30-year loans in the USA have reached their highest level since November...

Alphabet and Microsoft Showcase Strong Q1 2024 Earnings, Driven by AI and Cloud Computing Success Strong Financial Performances: Both Alphabet and Microsoft exceeded market expectations in Q1 2024, with significant revenue and profit increases largely fueled by advancements in AI and cloud...

Key Market Themes: Fed's Hawkish Stance, Tech Earnings, Middle East Tensions The Fed appears to make hawkish statements for a while longer regarding its decision to cut interest rates, which it has a deferred approach to. While the balance sheets of major technology companies in the USA will...

Key Market Themes: Fed's Hawkish Stance, Tech Earnings, Middle East Tensions The Fed appears to make hawkish statements for a while longer regarding its decision to cut interest rates, which it has a deferred approach to. While the balance sheets of major technology companies in the USA will...

Fed Talk Strengthens Dollar as ECB, BoE Face Different Paths Recent comments from Federal Reserve officials have bolstered the US Dollar (USD). The US Department of Labor reported that new claims for unemployment benefits for the week ending April 13 rose by 212K, consistent with the previous...

Fed Talk Strengthens Dollar as ECB, BoE Face Different Paths Recent comments from Federal Reserve officials have bolstered the US Dollar (USD). The US Department of Labor reported that new claims for unemployment benefits for the week ending April 13 rose by 212K, consistent with the previous...

US Indices US Stocks Rebound Amid Earnings Season Kickoff and Market Caution US stocks rebounded on Wednesday after the S&P 500 experienced three consecutive days of losses. The resurgence was fueled by gains in material and utility stocks, which each advanced by approximately 1%. In...