Introduction Foreign exchange (Forex) trading has surged in popularity over the past decade. Thanks to the internet and the rise of online trading platforms, individuals across the globe have been introduced to the world of Forex. For newbies embarking on this journey, understanding the basics is crucial. In this comprehensive guide, we’ll dive deep into…
Markets are fickle entities, ever-evolving and always ready to surprise. But with the right foresight and data, one can craft an informed strategy. As you ponder what to look for in the markets tomorrow, consider the insights shared from various sources. Stock Market Gains and Their Sustainability After witnessing a fairly steady run in…
You might’ve once thought, “Hey, the stock market? That’s for folks in fancy suits and towering skyscrapers!” Well, think again. The financial markets, encompassing everything from stocks and bonds to currencies and commodities, have a surprisingly vast impact on your everyday life. Even if you don’t dabble in stocks or keep up with economic news,…
Key Performance of Major Currencies At the onset of the week, the NZD/USD demonstrated minimal gains, just above its kickoff price of approximately 0.6095. This follows the USD’s recovery after a notable sell-off observed post Nonfarm Payrolls (NFP) on the preceding Friday. Although markets have been evaluating the recent job reports from the US,…
When it comes to Forex trading, there’s always more beneath the surface than what meets the eye. Dive into these insider secrets to elevate your trading game. Highlighted within is the distinguished broker, Monaxa. Introduction to Forex Secrets The foreign exchange market, colloquially known as Forex, is a vast, ever-evolving beast. But guess what?…
As the global marketplace for gold keeps evolving, it’s essential to stay updated on the latest news. Here are the crucial updates on the gold market for June 27, 2023. Market Analysis One of the notable analytical tools for active intra-day gold futures traders and market watchers is the 5-minute bar chart for Comex gold…
The U.S. Dollar (USD) remains at the center of global financial dynamics, exhibiting the multifaceted impact of worldwide economic trends and the U.S. Federal Reserve’s policy decisions on the currency’s performance[3]. This article provides an up-to-date review of recent developments involving the USD. As of late June 2023, the Federal Reserve, under the leadership of…
The Dynamic Dance of the Dollar and the Pound The Dollar’s Turnaround The Effect of Central Banks’ Actions Currency market movements in recent times have been significantly influenced by the actions of global central banks in their efforts to control rampant inflation. The dollar index witnessed its sharpest weekly decline since January, primarily because…
Demystifying CFD Trading: Understanding the Risks and Rewards CFD Trading Unpacked Contract for Difference (CFD) trading offers an appealing avenue for speculating on price variations in diverse financial markets. These include stocks, indices, currencies, and commodities, without the obligation to own the underlying asset. With CFD trading, complexities and costliness associated with direct asset ownership…
Global Forex Market Update: June 2023 Rebound of the US Dollar Recent Performance The U.S. dollar recently rebounded after hefty overnight losses following weak economic data. It received a boost earlier in the week when the U.S. Federal Reserve forecast at least two more hikes this year. However, weak U.S. economic readings raised questions over…