They say the best things in life come in pairs. When we trade forex, we are continuously measuring the strength or weaknesses of one currency against another. As expected, with virtually every country having its own currency, there are mathematically thousands of pairs you could trade. The average retail forex trader is usually exposed to between … [Read more...] about Top 10 Most Traded Currency Pairs 2022
US Jobless Claims Grow by Highest in Four Months
Source: US Labor Department American unemployment claims jumped by the highest in four months, after registering historic lows in the previous month. DXY is down 0.14%, while Gold is down 0.76%. Seasonally adjusted initial claims for the week ending November 27 stood at 222,000, up by 28,000 from the previous week’s revised level of 194,000.The latest increase is the … [Read more...] about US Jobless Claims Grow by Highest in Four Months
Eurozone Unemployment Down in October, Unchanged in EU
Source: Eurostat Unemployment in the Eurozone continued to decline in October but was largely unchanged in the European Union during the month. EZU is up 1.37% premarket, while VGK is flat. The Euro area seasonally-adjusted unemployment rate stood at 7.3% in October, lower than the 7.4% in September and the 8.4% the same month last year.The EU unemployment rate remained … [Read more...] about Eurozone Unemployment Down in October, Unchanged in EU
South Korean Inflation Surges to Decade-High in November
South Korean inflation accelerated faster than expectations to hit a decade-high in November, amid a surge in food and oil prices during the month. Inflation clocked in at 3.7%, faster than the expected 3.1%, and the Bank of Korea’s 2% target for eight straight months, attributed mainly to higher prices for food and oil, with the country reliant on imports. Researchers … [Read more...] about South Korean Inflation Surges to Decade-High in November
Fed to Consider Faster Bond-Buying Taper, Inflation A Key Concern — Powell
Source: FT With financial markets selling off on fears over the new COVID-variant Omicron, Fed Chair’s signal support for faster tapering showing taming inflation is a top priority. DXY down -0.19%, EUR USD up +0.23% On Tuesday, Jay Powell effectively dumped the Fed’s previous stance on rising inflation and declared his approval of faster tapering of Fed’s massive … [Read more...] about Fed to Consider Faster Bond-Buying Taper, Inflation A Key Concern — Powell
