Mba forex latest news today
Here are the latest news and updates in the Forex market today:
Market Analysis
- The US dollar is trading mixed against major currencies, with the EUR/USD pair rising to 1.1345 after the European Central Bank (ECB) kept interest rates unchanged.
- The GBP/USD pair is trading lower at 1.3125 after the UK's Office for National Statistics (ONS) reported a surprise contraction in the country's GDP in the first quarter.
- The USD/JPY pair is trading higher at 109.50 after the Bank of Japan (BoJ) kept interest rates unchanged and maintained its dovish stance.
Economic News
- The US Commerce Department reported that the country's retail sales rose 0.4% in April, beating expectations of a 0.2% increase.
- The UK's ONS reported that the country's GDP contracted by 0.1% in the first quarter, missing expectations of a 0.1% growth.
- The European Commission reported that the eurozone's economic growth slowed to 0.2% in the first quarter, missing expectations of a 0.3% growth.
Central Bank News
- The ECB kept interest rates unchanged at its policy meeting today, maintaining its dovish stance.
- The BoJ also kept interest rates unchanged at its policy meeting today, maintaining its dovish stance.
- The Reserve Bank of Australia (RBA) is expected to keep interest rates unchanged at its policy meeting tomorrow.
Technical Analysis
- The EUR/USD pair is trading above its 50-day moving average, indicating a bullish trend.
- The GBP/USD pair is trading below its 50-day moving average, indicating a bearish trend.
- The USD/JPY pair is trading above its 50-day moving average, indicating a bullish trend.
Forex Trading Tips
- Buy the EUR/USD pair at 1.1320 with a target of 1.1400.
- Sell the GBP/USD pair at 1.3150 with a target of 1.3050.
- Buy the USD/JPY pair at 109.20 with a target of 110.00.
Forex Market Sentiment
- The EUR/USD pair is trading with a bullish sentiment, with 60% of traders expecting the pair to rise.
- The GBP/USD pair is trading with a bearish sentiment, with 55% of traders expecting the pair to fall.
- The USD/JPY pair is trading with a bullish sentiment, with 65% of traders expecting the pair to rise.
Please note that these are just some of the latest news and updates in the Forex market, and it's always important to do your own research and analysis before making any trading decisions.