WTI surpasses $86.40, eyes on US ISM Services PMI
WTI surpasses $86.40, eyes on US ISM Services PMI Presently, the price of a particular type of oil known as WTI stands at approximately $86.40 on this Wednesday. It was a bit higher at $88.00 previously, but it has dipped a little since then. The recent surge in the price of WTI can be attributed […]
S&P 500 Futures show cautiousness amid fluctuating yields
S&P 500 Futures show cautiousness amid fluctuating yields The market remains cautious on Wednesday as investors await the US ISM Services PMI. Concerns about China’s economy, fears of hawkish moves by the Federal Reserve, and Eurozone recession worries are likely contributing to the subdued risk appetite. S&P 500 Futures are slightly down following yesterday’s negative […]
Differences Between Forex And Stocks
Differences Between Forex And Stocks When you want to put your money into something to make more money, you might think about two things: Forex (foreign exchange) and stocks. They’re both ways to try and make your money grow. But they work in different ways. In this blog, we’ll make it easy for you to […]
China’s yuan finds footing near 9-month lows as Beijing slows slide
China’s yuan finds footing near 9-month lows as Beijing slows slide Despite concerns about the economy and rising US yields, China’s yuan has found some footing near 9-month lows as Beijing takes steps to slow its slide. State-owned banks have conducted swaps in offshore markets to increase the cost of shorting the yuan, aiming to […]
AUD/USD Steady Above 0.6800 Amid RBA Policies
AUD/USD Steady Above 0.6800 Amid RBA Policies The Australian dollar to United States dollar (AUD/USD) pair is currently demonstrating a steady performance, maintaining its position above the 0.6800 mark in the Tokyo session. Despite the Reserve Bank of Australia (RBA)’s inclination towards further policy restrictions, the Aussie currency has yet to experience a significant shift. […]
Mild Inflation and Robust Profits Drive Stock Market Surge
Mild Inflation and Robust Profits Drive Stock Market Surge US inflation news has been favorable this week, with data revealing a slowdown in both headline inflation at 3% and core inflation at 4.8%, both below expectations. Producer price inflation also came in lower than anticipated. These positive figures may be the last before they potentially […]
Pause in US Dollar Sell-off Anticipated Prior to Confidence Data Release
Pause in US Dollar Sell-off Anticipated Prior to Confidence Data Release The US Dollar, which has been on a downward trajectory against other currencies, is anticipated to experience a temporary pause in its sell-off as the market eagerly awaits the release of key confidence data. The greenback hit a 15-month low before it began to […]
Challenges Remain Despite Significant Progress in US Inflation
Challenges Remain Despite Significant Progress in US Inflation Headline inflation has reduced to a fraction of its peak, yet the contribution from shelter alone exceeds the Federal Open Market Committee’s (FOMC) annual target of 2.0%. In June, both headline and core Consumer Price Index (CPI) outcomes fell short of expectations at 0.2%, resulting in respective […]
How To Identify Trading Trends in Forex Market
How To Identify Trading Trends in Forex Market The foreign exchange market, popularly known as Forex, is a dynamic platform offering potentially lucrative opportunities. As one of the most active markets globally, it boasts an impressive daily trading volume that exceeds $6 trillion. A critical factor for attaining success in Forex trading is the capability […]
8 Useful Tips to Choosing the Right Forex Broker
8 Useful Tips to Choosing the Right Forex Broker There has been a lot of interest in forex trading lately, and it is easy to see why. With your phone or laptop and an internet connection, anyone can make extra money in their spare time. One of the most important things you need to do […]
Best Forex STP Brokers in 2023
Best Forex STP Brokers in 2023 There are two types of Forex brokers, Market Makers and STP Brokers. They differ based on market execution and price quotation methods. Some brokers offer both services at the same time, however usually when they offer both services some are suspicious that they may be applying Market Maker methods […]
How To choose the right forex broker
How To choose the right forex broker If you are a new trader about to start trading forex then you are having the most confusing time of the process, trying to find the right broker. Worry no more, this articles has some important tips which will make the process much easier for you. To start […]
Australia February Monthly CPI Indicator
Australia February Monthly CPI Indicator The Monthly CPI indicator rose 6.8% in the year to February, compared with the Westpac forecast of 7.4% year-on-year and the market forecast of 7.2% year-on-year. This represents a significant downside risk to our March forecast CPI forecast of 1.5% per quarter. Specifically, the index rose only 0.2% in February […]
What we can expect from European Central Bank Meeting
What we can expect from European Central Bank Meeting Scarring affects from a pandemic, energy crisis, Italian politics, and unprecedented inflationary pressures, ECB has a very difficult job. We are definitely expecting a rate hike on Thursday, which will be the first since 2011. What will be the size of that hike, no one knows. […]
CPI Hits Another Four-Decade High USD rises.
CPI Hits Another Four-Decade High USD rises USD rises as CPI hits another four decade high, data shows the headline consumer inflation accelerated once again in June to the highest level since 1981,US consumer inflation hit the high of 41 years and beat the forecast, 9.1% in June against 8.6% one month earlier and expected […]
Prior to the European open, gold and silver are trading lower
Prior to the European open, gold and silver are trading lower Gold prices have retraced ahead of the European open after a strong day on Thursday (-0.62%). It has a similar effect as silver (-0.28%), albeit to a smaller amount. Copper is trading flat in the rest of the commodities complex, but spot WTI is […]
Fears about economy are causing stock global markets to collapse
Fears about economy are causing stock global markets to collapse The United Kingdom and Switzerland boosted interest rates on Thursday, a day after the Federal Reserve of the United States announced the highest rate hike since 1994 affected the global stock market. Policymakers are hiking interest rates in order to decrease demand and alleviate some […]
On constrained supply, oil rises 1%, with US crude hitting a 13-week high
On constrained supply, oil rises 1%, with US crude hitting a 13-week high On Tuesday, oil prices rose by around 1%, with U.S. crude settling at a 13-week high due to supply concerns, including the likelihood of no nuclear deal with Iran and forecasts for demand growth in China, which is reducing pandemic lockdowns. According […]