Forex and Cryptocurrency Forecast
Forex and Cryptocurrency Forecast EUR/USD: Dollar Awaits U.S. Bankruptcy The dollar has been rising since May 4. Last week, on May 26, the DXY Index reached 104.34. It hasn’t been this high since mid-March 2023. What is driving the U.S. currency up and, consequently, pushing the EUR/USD pair down? According to analysts at Commerzbank, “the […]
US PCE Deflators and Durable Goods Orders Scheduled
US PCE Deflators and Durable Goods Orders Scheduled UK bonds crashed for a second day straight with yields adding 10.6-19.2 bps across the curve. UK money markets discount an additional 100 bps tightening by December following the big upside CPI surprise Wednesday morning. Sterling initially revisited YtD highs but unable to force a break higher, […]
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 […]
Fed Minutes Depict Uncertainty Surrounding Future Rate Hikes
Fed Minutes Depict Uncertainty Surrounding Future Rate Hikes The minutes from the May 2-3 Federal Open Market Committee (FOMC) meeting reiterated that curtailing inflation remains the principal objective of the Fed. On the current state of the economy, the Committee members noted that “economic activity had expanded at a modest pace in the first quarter. […]
RBNZ Monetary Policy Statement May 2023
RBNZ Monetary Policy Statement May 2023 The RBNZ tightened by 25 points to 5.5 percent and expressed confidence that this will be sufficient to bring inflation back to target. We continue to see risks that the large migration surge will ultimately require more action after July. RBNZ Monetary Policy Statement, May 2023 The RBNZ increased […]
Fed’s 2 Biggest Hawks Yesterday Coloured Trading
Fed’s 2 Biggest Hawks Yesterday Coloured Trading The Fed’s two biggest hawks yesterday coloured trading which until then turned out to be non-directional. Kashkari from the Minneapolis Fed said it’s a close call between a pause and a hike in June, adding that the former wouldn’t mean tightening is over per se. St. Louis Fed […]
The Gold Standard In Forex Trading
The Gold Standard In Forex Trading What is the Forex market? Before moving on to the gold standard, let’s review the concept of Forex trading. Forex trading means trading in currency pairs. That is, it is an exchange of one currency for another. Traders make money when market prices fluctuate. After all, the trader gets […]
EUR/USD Trying to Extend Bottoming Out
EUR/USD Trying to Extend Bottoming Out U.S. Treasuries and German bunds parted ways Friday after a combined 10 basis point rise the day before. U.S. yields still rose between 1.3and 4.8 basis points, with the belly underperforming. They easily overcame a setback in the early hours of U.S. trading when Fed Chairman Powell said credit […]
Advantages to Trading using MT4 platforms
Advantages to Trading using MT4 platforms Mt4 or Metatrader 4 is one of the most popular and used Forex trading platforms. It is offered by almost every Forex company and preferred by many forex traders. The platform has established itself as a prominent one by catering to all the basic needs of traders and not […]
Gold Price Forecast: XAU/USD could rebound to $2,005 if 50 DMA support holds
Gold Price Forecast: XAU/USD could rebound to $2,005 if 50 DMA support holds Gold price is replicating the moves seen in Wednesday’s Asian trading, making headways for a minor recovery toward $2,000 early Thursday. The retreat in the United States Dollar (USD) and the US Treasury bond yields supports Gold price. US Dollar steadies as […]
US Debt Theater: Final Act?
US Debt Theater: Final Act? Risk sentiment remains poor as the US couldn’t reached an agreement on its debt ceiling. But House Speaker McCarthy hinted that an agreement is possible within days. Despite both sides being far apart, everyone knows the catastrophic consequences of an eventual US default, and no one is ready to push […]
Why is Forex Trading Education Important?
Why is Forex Trading Education Important? Risk management is undoubtedly one of the most important skills you can use when trading forex. In fact, risk management is an important aspect of any financial matter or investment strategy you consider and try to implement in your plan for a successful life. Ironically, risk management is also […]
Agreement On U.S Debt Ceiling Unlikely Before Last Minute
Agreement On U.S Debt Ceiling Unlikely Before Last Minute U.S. stocks started the week on a slightly positive note after weak economic data fueled expectations of a pause by the Federal Reserve (Fed), hopes of a resolution in the debt ceiling talks between Joe Biden and Kevin McCarthy, and Microsoft received EU approval to buy […]
AUD/USD Dips on Soft Retail Sales
AUD/USD Dips on Soft Retail Sales AUD/USD ends 6-day rally Australian retail sales decline Fed warns that banks are tightening credit The Australian dollar is in negative territory, ending a rally of close to 200 points. In the European session, AUD/USD is trading at 0.6760, down 0.29% on the day. Australian retail sales decline Australian […]
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 […]
JPY Bearish Positioning is Getting Overstretched
JPY Bearish Positioning is Getting Overstretched Better than expected US non-farm payrolls for April have failed to ignite US dollar bulls. Two outliers; the safe haven currencies, CHF and JPY underperformed against the US dollar due to the resurgence of risk-on behavior in the US stock market. JPY future’s bearish positioning has highlighted a risk […]
Will Nonfarm Payrolls Hint at a Fed Pause in June?
Will Nonfarm Payrolls Hint at a Fed Pause in June? The Federal Reserve delivered its tenth consecutive rate hike on Wednesday, as expected, but reset its guidance to indicate increased emphasis on incoming data. Hence, Friday’s nonfarm payrolls will be the next test for the US dollar at 12:30 GMT, with forecasts pointing to a […]
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 […]