Banks Forecast Tougher Loan Conditions for Businesses and Consumers
Banks Forecast Tougher Loan Conditions for Businesses and Consumers Lending conditions for businesses and consumers in the United States are currently tight, and they are expected to become even more stringent, as indicated by a recent Federal Reserve survey released on Monday. The closely monitored Senior Loan Officer Opinion Survey revealed that credit conditions have […]
USD/CAD holds above the 1.3200 mark with limited upside potential
USD/CAD holds above the 1.3200 mark with limited upside potential During Tuesday’s Asian session, the USD/CAD pair exhibited a modest rebound, managing to recover most of the losses experienced in the previous trading session. Presently, the pair is hovering around the 1.3220 mark, reflecting a modest 0.25% increase for the day. This recent price action […]
How to Start Forex Trading from Home
How to Start Forex Trading from Home The Forex market stands as the world’s largest financial market, boasting a staggering daily trading volume of $7.5 trillion. Moreover, for aspiring investors, Forex trading offers an enticing opportunity to speculate on currency prices and potentially earn profits. Additionally, the advent of technology has made Forex trading increasingly […]
GBP/JPY Surges to a Three-Week High of 182.80-182.85 on Broad JPY Weakness
GBP/JPY Surges to a Three-Week High of 182.80-182.85 on Broad JPY Weakness The GBP/JPY pair has seen a significant rise for the second consecutive day on Monday, reaching a three-week high in the early European trading session. The pair is currently hovering around the 182.80-182.85 region, a surge of over 650 pips from Friday’s lowest […]
News and Views Around the Global Markets
News and Views Around the Global Markets The US Treasury market experienced a rally on Friday, triggered by an Employment Cost Index that had a lower-than-anticipated rise in the previous quarter. This, along with a less-than-expected core PCE deflator and a reduced U. of Michigan consumer sentiment, resulted in yields dropping between 2.9 to 6.4 […]
Pound Sterling Stabilizes as Investors Await BoE’s Next Moves
Pound Sterling Stabilizes as Investors Await BoE’s Next Moves The Pound Sterling (GBP) maintains stability with minimal directional movement as investors closely monitor the monetary policy decisions of the Bank of England (BoE). The GBP/USD pair faces uncertainty, reflecting worries about a deepening recession and the aggressive tightening measures implemented by the UK’s central bank […]
How to Make a Cryptocurrency Trading Plan
How to Make a Cryptocurrency Trading Plan If you’re considering venturing into the world of cryptocurrency trading, having a well-structured plan is paramount. Similarly to trading traditional Forex products, navigating cryptocurrencies requires a strategic and disciplined approach. Therefore, in this article, we’ll guide you through the essential steps of crafting a robust cryptocurrency trading plan. […]
Dollar Plunges to Upper 138 Yen Zone Amidst Speculation Over BOJ Policy Adjustment
Dollar Plunges to Upper 138 Yen Zone Amidst Speculation Over BOJ Policy Adjustment The U.S. dollar saw a dramatic fall to the upper 138 yen level in Tokyo’s early trading hours on Friday. This substantial shift was driven by widespread speculation that the Bank of Japan (BOJ) may be considering adjustments to its ultra-easy monetary […]
Surprise Move: Bank of Japan Makes a Small Adjustment to Yield Curve Control
Surprise Move: Bank of Japan Makes a Small Adjustment to Yield Curve Control The financial markets saw increased volatility due to several influential events, including the Federal Reserve’s decision and strong US economic data. The ECB, as anticipated, hiked its policy rates by 25 basis points to 3.75% while expressing concerns over high inflation. The […]
EUR/JPY Rebounds from Intraday Low, Remains Steady Around 153.00 Level
EUR/JPY Rebounds from Intraday Low, Remains Steady Around 153.00 Level The EUR/JPY cross experienced a rollercoaster ride in the financial markets, starting with a brief bullish spike that pushed it towards the 155.00 region. However, this upward momentum was short-lived as the pair swiftly plummeted to its lowest level since mid-June. The culprit behind this […]
5 Ways of Trading Which Make Profits
5 Ways of Trading Which Make Profits In today’s fast-paced financial markets, profitable trading is undeniably a combination of skill, strategy, and utilizing the right tools. Whether you’re just starting out as a novice or you’re an experienced trader, understanding and implementing effective trading strategies is key to your success. To illustrate this, this article […]
ECB Plans Another Rate Hike while Maintaining Flexibility for September
ECB Plans Another Rate Hike while Maintaining Flexibility for September The European Central Bank (ECB) is set to raise interest rates for the ninth consecutive time on Thursday, amid the ongoing battle against surging inflation and mounting evidence of an economic slowdown. With inflation still remaining stubbornly high and projected to take until 2025 to […]
FOMC Adopts Flexible Policy Assessment, Meeting by Meeting
FOMC Adopts Flexible Policy Assessment, Meeting by Meeting In response to the complex challenges and uncertainties tied to balancing potential inflationary pressures against notable risks to economic expansion, the Federal Open Market Committee (FOMC) has adopted a flexible approach. The monetary policymaking body of the Federal Reserve System will now assess its policy on a […]
AUD/USD Gains Momentum Above 0.6800 Amid Weakening USD
AUD/USD Gains Momentum Above 0.6800 Amid Weakening USD The AUD/USD currency pair demonstrated considerable strength during Thursday’s Asian trading session, surpassing the key 0.6800 level. This significant surge was largely driven by a weakening US Dollar, pushing the major pair to trade around 0.6807, marking a day’s gain of 0.75%. This movement exhibits the dynamic […]
U.S. Stocks Rise as Market Awaits Fed Decision
U.S. Stocks Rise as Market Awaits Fed Decision On Tuesday, the U.S. stock market experienced a positive swing, with investors closely watching earnings reports and eagerly anticipating the outcome of the U.S. Federal Reserve’s interest rate decision. The Dow Jones Industrial Average, one of the key indices in the stock market, ended the day with […]
Nearly 76% of Business Leaders View Japan’s Economy as ‘Growing’
Nearly 76% of Business Leaders View Japan’s Economy as ‘Growing’ A recent survey conducted by Asahi Shimbun has shown a positive shift in business sentiment among Japan’s corporate leaders. Of the 100 major companies surveyed nationwide, 76% perceive the domestic economy as either “expanding” or “gradually expanding.” This marks a significant increase from the previous […]
USD/CHF Dips, Stays Above 0.8600 Pre-FOMC
USD/CHF Dips, Stays Above 0.8600 Pre-FOMC Today, the USD/CHF currency pair is again experiencing a downward trend, marking a second consecutive day of decline. Following an intraday uptick to the 0.8655 region, the pair has seen fresh selling activity and drifted into negative territory. During the early European session, spot prices fell to a new […]
How to Use Stop Loss in Forex Trading
How to Use Stop Loss in Forex Trading Online Forex trading has witnessed a surge in popularity, attracting individuals to the vast and dynamic market. However, navigating the volatility can be daunting, especially for beginners. A crucial aspect of successful online Forex trading lies in understanding and employing stop loss orders effectively. In this blog […]