XAG/USD Vulnerable, Aiming for $22.20-$22.10 Retest
XAG/USD Vulnerable, Aiming for $22.20-$22.10 Retest Silver witnessed a fleeting upward movement during the Asian trading session, attempting to breach the pivotal $23.00 level. However, this surge was short-lived, with silver unable to maintain the momentum required to sustain a position above this critical threshold. Delving into the intricacies of this price action, the breach […]
Challenges and Concerns Arise from Weak Machinery Orders in Japan
Challenges and Concerns Arise from Weak Machinery Orders in Japan Japan is currently grappling with a pressing policy challenge and growing concerns about its economic outlook, primarily stemming from a more significant than anticipated decline in core machinery orders. These orders, which serve as a critical leading indicator of Japanese business spending, have slumped by […]
Steady Stock Futures Ahead of Inflation Report
Steady Stock Futures Ahead of Inflation Report Stock futures exhibited little change as investors geared up for the release of the August producer price index, a key indicator of wholesale inflation. Futures linked to the Dow Jones Industrial Average increased by a mere 11 points, equivalent to a 0.03% gain. S&P 500 futures saw a […]
China’s Efforts to Defend Yuan Intensify as Costs Rise in Hong Kong
China’s Efforts to Defend Yuan Intensify as Costs Rise in Hong Kong Traders betting against the yuan are facing obstacles as China seeks to make it more expensive to do so in Hong Kong. This week, borrowing costs for yuan between banks in Hong Kong surged, reaching a five-year high for three-month contracts. This increase […]
Japan’s Wholesale Inflation Slows for 8th Month, Stays Above Target
Japan’s Wholesale Inflation Slows for 8th Month, Stays Above Target In the latest economic update from Japan, the nation’s wholesale inflation rate exhibited a continuing trend of deceleration in August, marking the eighth consecutive month of decline. This development is likely to be received with relief by households and retailers alike, who have been grappling […]
USD/CAD Steady Above 1.3500s, Eyes on US CPI Report
USD/CAD Steady Above 1.3500s, Eyes on US CPI Report In the early hours of Wednesday’s Asian trading session, the USD/CAD currency pair found itself in a stable position, hovering just above the mid-1.3500s range. This marks a phase of consolidation for the pair, following its recent descent to a one-and-a-half-week low that was recorded just […]
Negative Balance Protection in Forex Trading
Negative Balance Protection in Forex Trading In recent years, online forex trading has gained immense popularity to earn profits from the global currency markets. As more and more individuals enter this lucrative field, it becomes essential for traders to understand the risks involved and take necessary precautions to protect their investments. One such precautionary measure […]
WTI Crude Oil Rises Above $87 as Supply Cuts and China’s Recovery Boost Prices
WTI Crude Oil Rises Above $87 as Supply Cuts and China’s Recovery Boost Prices WTI Crude Oil has surged above $87 per barrel, reaching its highest since November 2022. The rise in prices can be attributed to several factors, including extended production cuts by Saudi Arabia and Russia, as well as positive economic developments in […]
GBP/JPY aims for 184.00 as UK employment data paints a mixed picture
GBP/JPY aims for 184.00 as UK employment data paints a mixed picture During the Asian trading session on Tuesday, GBP/JPY exhibited a resilient upward trend, currently hovering around the 183.70 mark. The pair’s recent gains can be attributed to a nuanced assessment of the latest employment data emanating from the United Kingdom. The Office for […]
Mixed Sentiment Ahead of US CPI Keeps Asian Stock Market Trading Sideways
Mixed Sentiment Ahead of US CPI Keeps Asian Stock Market Trading Sideways Asian stock markets are in a bit of a mixed situation right now, and people are waiting for some important information about the cost of things in the US, called the Consumer Price Index (CPI). The US Dollar is getting a bit more […]
The Top 7 Forex Brokers With Tightest Spreads
The Top 7 Forex Brokers With Tightest Spreads When it comes to forex trading, choosing the best forex broker is crucial. One of the key factors to consider is the spread offered by the broker. A tight spread can significantly impact your trading costs and overall profitability. In this blog post, we will explore the […]
Yuan Hits Weakest Level Since December 2007 Amid Outflow Pressure
Yuan Hits Weakest Level Since December 2007 Amid Outflow Pressure The Chinese yuan has found itself in a challenging position, hitting its lowest level since December 2007. The primary factors contributing to this depreciation are capital outflow pressures and the yield gap compared to major economies like the United States. As a result, the yuan […]
Previewing the Canada Jobs Report: Unemployment Rate on the Rise
Previewing the Canada Jobs Report: Unemployment Rate on the Rise The Canadian Labor Force Survey report is scheduled for release at 12:30 GMT on Friday by Statistics Canada. It is likely that the Canadian labor market will continue to show weakness, supporting the Bank of Canada’s decision to maintain interest rates. Despite raising rates in […]
GBP/USD Recovers, Stays Below 1.2500
GBP/USD Recovers, Stays Below 1.2500 GBP/USD has seen a glimmer of hope after enduring three consecutive days of losses. In the Asian trading session on Friday, the currency pair made a modest recovery, hovering around the 1.2490 mark. This turnaround can be primarily attributed to a correction in the value of the US Dollar (USD), […]
Federal Reserve Study Raises Concerns About US Economy Amidst China’s Slowdown
Federal Reserve Study Raises Concerns About US Economy Amidst China’s Slowdown A recent study conducted by the Federal Reserve has sparked concerns about the strength of the US economy. While some economists have been downplaying the potential consequences, this study paints a different and potentially worrisome picture. It suggests that if China’s economic growth falls […]
Germany’s economy continues to struggle with stagnant growth
Germany’s economy continues to struggle with stagnant growth Germany’s economy is facing a persistent struggle with stagnant growth, and the second quarter of the year has brought more challenges. In this quarter, there was no growth in real GDP, and this follows two consecutive quarters of mild contractions. The situation is complicated, with some signs […]
NZD/USD Hovers Near November 2022 Lows at 0.5865-60
NZD/USD Hovers Near November 2022 Lows at 0.5865-60 The NZD/USD pair is currently facing a tough challenge during the Asian trading session. It’s hovering around a level between 0.5865 and 0.5860, marking its lowest point since way back in November 2022. The main culprit behind this struggle is the strong US Dollar (USD), and the […]
Automated Crypto Trading: The Ultimate Guide
Automated Crypto Trading: The Ultimate Guide In recent years, cryptocurrency trading has gained immense popularity due to its potential for substantial profits. Moreover, with the rapid advancements in technology, an increasing number of traders are turning to automated crypto trading as a means to refine their strategies and, in turn, potentially increase their earnings. In […]