The Long-Term Forex Trading Strategy Guide
This article delves into long-term Forex trading strategies, outlining best practices and key considerations for traders. While many professional traders are drawn to day trading due to its excitement and potential for quick profits, long-term (positional) traders can also see significant gains over time. Introduction to Long-Term Forex Trading Can you trade Forex long-term? Many […]
WTI Falls to Around $72.50 as OPEC+ Plans Production Increase
WTI Falls to Around $72.50 as OPEC+ Plans Production Increase West Texas Intermediate (WTI) crude oil prices have declined for the second consecutive session, trading near $72.50 per barrel during Monday’s Asian trading hours. This downward trend is largely attributed to reports that the Organization of the Petroleum Exporting Countries and their allies (OPEC+) are […]
Rate Cuts Could Facilitate a Soft Landing: UBS
Rate Cuts Could Facilitate a Soft Landing: UBS In a note released on Monday, UBS Financial Services reiterated its forecast that the U.S. economy is on track for a soft landing, despite acknowledging significant risks of a potential downturn. Consumer spending will be a critical factor in determining whether the economy can achieve this outcome. […]
WTI Holds Modest Gains, Trading Above Mid-$81 with Bullish Outlook Intact
WTI Holds Modest Gains, Trading Above Mid-$81 with Bullish Outlook Intact On Thursday, during the Asian trading session, West Texas Intermediate (WTI) US Crude Oil prices experienced a notable upturn, attracting buyers and reversing some of the downward movement seen the previous day. The commodity is currently trading around the $81.70 region, maintaining proximity to […]
Another FED Hawkish 75bp Hike Rates
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Another FED Hawkish 75bp Hike Rates Fed hiked rates by 75bp as highly expected. Powell delivered a hawkish message, emphasizing the need to tighten financial conditions further. We have not seen Fed make significant progress towards its goals over the past month. It is expected that a 50bp hike will come in February […]
Upcoming Market Updates: JPY, NZD, AUD, CHF, EUR, USD, CAD
Upcoming Market Updates: JPY, NZD, AUD, CHF, EUR, USD, CAD JPY: SPPI y/y, it measures Change in the price of services purchased by corporations. NZD: ANZ Business Confidence, it measures Level of a diffusion index based on surveyed manufacturers, builders, retailers, agricultural firms, and service providers. AUD: CPI q/q, it measures Change in the price […]
Bank Of Canada Hike Rate by 75 BPS
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Bank Of Canada Hike Rate by 75 BPS The Bank of Canada interest rate decision meeting will be held on Wednesday, October 26th. BOC Governor Macklem will follow with a press conference beginning at 11:00 ET. BOC hiked rates by 75bps at their last meeting in September. This was the fifth consecutive rate […]
The Most Volatile Currency Pairs and How to Trade Them
The Most Volatile Currency Pairs and How to Trade Them FX markets are susceptible to a range of factors which affect their volatility, and many traders look to tailor their strategies to capitalize on the most volatile currency pairs. Currency volatility, often measured by calculating the standard deviation or variance of currency price movements, gives […]
The Dollar Outshines With the best Weekly Gain
The Dollar Outshines With the best Weekly Gain In the hope of economic recovery, investors are showing confidence in U.S. currency. Resultantly, the Dollar leads to the highest gain in three months on Friday. The US Dollar Index inched down 0.5% to 91.507. The Positive employment figures cast a major impact on the Index […]
Euro Overnight Selloff benefits Dollar notwithstanding U.S. Currency still Topple
Euro Overnight Selloff benefits Dollar notwithstanding U.S. Currency still Topple The Dollar was down on Tuesday morning in Asia however, hanging at the seven-week highs. The Dollar gets an advantage from an overnight euro selloff. The Euro Declined to two-and-a-half lows overnight because of the weak German retail sales figures. The rising no of […]
The dollar plunged with the Yellen’s longing for extensive COVID-19 Relief
The dollar plunged with the Yellen’s longing for extensive COVID-19 Relief The “Act Big” statement of Yellen’s on Fiscal Measure made dollar drop. The assertion of U.S. Secretary of the Treasury Nominee Janet Yellen importunes to “act Big” Fiscal boost made the dollar losing the position once more on Wednesday morning, However, the […]
Global shares hit a record high on worldwide recovery longings
Global shares hit a record high on worldwide recovery longings Friday Asian Shares are on cloud nine as they touch the record High despite rapidly rising cases of Covid 19, and political chaos in the United States does not hold back Japan’s Nikkei from hitting the peak. Moreover, investors are looking forward to economic […]
What is Technical Analysis?
The Technical Analysis is the term that evaluates the trade by analyzing the price action of the currency pair in order to identify the patterns to observe the market movements.
What is Traded in Forex?
As there is no materialistic item involved this type of trading can be a little confusing for traders at first. Forex trading is basically like buying stocks of a company.
Technical Overview of Nasdaq100
????????? ???????? ?? ?????? ??? A more critical look at NASDAQ 100 futures shows that while another record high was set, the file stays inside a limited scope of an obstruction somewhere in the range of 10964 and 11058. These were highs set a month ago. Negative RSI difference shows blurring upside energy which […]