USD is heading for the best week in nine months today, as investors digesting Fed’s shift in tones. From the last meeting, Fed officials projected interest rate hikes in 2023. Soon after the projectio...
USD rose to a two-month high but Asian equities fell to a three-week low on Thursday, mainly because the Fed’s meeting concluded on a tone that was more hawkish than before. Although no immediate chan...
Last month, Prime Point LLC, the operating company of Big Boss, was nominated, and has been awarded as “Best New CFD Broker 2021”, “Most Growing CFD Broker 2021” and “Mos...
US Producer Price Index rose 0.8% in May on a MoM basis, marking a record high. Most of the increase came from rises in goods prices, such as beef, veal, mobile homes, machinery, equipment, and furnit...
This week we will have some key data being released. On Tuesday in the US, we will have retail sales and manufacturing survey. These data will serve as pulse checks for economic health and will provid...
Thursday investors saw the latest release on US inflation data, which showed that CPI rose by 5.4% on a YoY basis, well beyond the expectation. The data have created a 13-year record because the incre...
USD was slightly up on Thursday morning in Asia, reaching above the 90 level. Currently DXY Index trades around 90.2, still near its five-month low. All eyes on the market are focusing on two key even...
China released its May CPI, which contracted 0.2% on an MoM basis and increased 1.3% on a YoY basis. This means that China’s inflation is below forecast, strengthening its local currency. In the meant...
AUDUSD had a sharp rise last Friday and is still on the upward track. There are two major reasons behind this move. On the one hand, Australia started the week with strong economic data. Services PMI ...