Understanding Pips and Pip Value Calculation in Forex Trading
Understanding Pips and Pip Value Calculation in Forex Trading Pips and lots in forex are like the building blocks of trading. A pip is the tiniest price change in a currency pair, usually the fourth number after the decimal (like 0.0001). So, if EUR/USD moves from 1.2000 to 1.2001, that’s a 1-pip move. Lots, on […]
WTI Rises Above $76.50 Amid Concerns Over Middle East Oil Production Disruptions
WTI Rises Above $76.50 Amid Concerns Over Middle East Oil Production Disruptions West Texas Intermediate (WTI), the US crude oil benchmark, is trading near $76.85 on Thursday, continuing its upward momentum as geopolitical tensions in the Middle East intensify. Concerns are growing that Israel may launch an attack on Iran’s oil infrastructure, escalating fears of […]
Australian Dollar Slips as China Holds Back on Major Stimulus Measures
Australian Dollar Slips as China Holds Back on Major Stimulus Measures The Australian Dollar (AUD) extended its decline on Tuesday, pressured by comments from the National Development and Reform Commission (NDRC) of China. During a press conference, China’s state planner acknowledged that the country’s economy is facing increasingly complex internal and external challenges. The lack […]
EUR/USD Climbs Above 1.0950 Ahead of German Industrial Data Release
EUR/USD Climbs Above 1.0950 Ahead of German Industrial Data Release The EUR/USD pair continues its upward movement, reaching around 1.0985 on Tuesday during early European trading. The pair is benefiting from a slight weakening of the US Dollar (USD). However, the potential for further gains may be limited, as traders anticipate a smaller interest rate […]