Copy Trade Intro Copy trade or copy trading is a type of trading in which one trader (the “follower”) automatically copies the trades of another trader (the “leader”). This is done through a copy trading platform, which connects the follower and leader and allows the follower to automatically copy the leader’s trades in real-time. How […]
Fast Refund Group Review Why would you decide to let a scammer run away with your money? Why would you let people convince you that you shouldn’t try to get your funds back from a scammer? What if you the product you received wasn’t what you ordered? Should you just forget about it and move […]
On Friday, the California banking industry regulators announced their decision to close down Silicon Valley Bank, also known as SVP Financial Group. The swift action taken by the regulators has left many industry experts stunned, as this is considered the biggest bank failure since the 2008 financial crisis that caused the banking sector to shed […]
Despite some economic data being released yesterday, it didn’t impact the market much. However, traders eagerly anticipated today’s release of the Non-Farm Payroll (NFP) data, with investors expecting high employment rates. Mixed tones were vibrant across the market, with the USD dropping and equities softening. In addition, the bond market experienced heavy fluctuations. European yields […]
The precious metals market is staging a rally off oversold positions even as traders retain skittish sentiments over the rate hikes. Fed officials suggest they favor additional rate hikes, while inflation data shows that a slowdown is still far off. So even though the Fed lowered the interest rates in Feb, most policymakers suggest a […]
The EUR/USD Exchange Rate Is Declining The EUR/USD exchange rate experienced a significant decline on Thursday, falling below 1.0650 after a strong performance on Wednesday. This sudden shift has left the pair fragile, and analysts predict that additional losses may be on the horizon. The root cause of this decline can be traced back to […]
In forex trading, leading and lagging indicators analyze the market and make informed decisions about when to enter or exit a trade. In addition, leading indicators are often used to identify potential trend reversals or momentum shifts in the market. On the other hand, lagging indicators are used to confirm a trend or market direction […]
USD/CAD Under Heavy Selling Pressure On Thursday, the USD/CAD currency pair experienced heavy selling pressure and showed no signs of improvement until the end of the North American session. Currently, the pair is trading at 1.3530, which represents a decline of 0.20% from Wednesday’s close. Despite this decline, the pair still holds its head above […]
The USD/JPY pair gained momentum in the Wednesday Tokyo session, edging above critical resistance levels. The currency pair has attracted investors with its significant movement toward key support levels, leading to heightened anticipation among market participants. The release of the candidates for the new governor of the Bank of Japan has also generated anxiety as […]
The US dollar experienced a rise at the start of the trading week, driven by negative market sentiment and heightened demand for safe-haven assets. However, despite the initial uptick, investors advise caution as the week ahead is packed with key economic indicators. The FED and the European Central Bank are set to make their interest […]
AUD/USD is on an upside stance, exploring new peaks since last year (August). Meanwhile, optimistic MADC signals support buyers. Almost overbought Relative Strength Index and many obstacles challenge immediate upsides. AU-USD bulls celebrate the massive Aussie inflation stats, with the quote renewing 5-month highs near 0.7115 early Wednesday. Alongside Australia’s upbeat quarterly CPI (Consumer Price […]
GBP-USD revives intraday low as it snaps a 3-day uptrend following the key United Kingdom data. British Retail Sales dipped to -1.0% month-on-month in December against the expected 0.5% and prior -0.4%. Hawkish Fed enables the USD to pare the latest losses regardless of downbeat U.S. data. Positive remarks from Bailey of BoE, JPMorgan’s positive […]
The United States dollar trades relatively flat against other leading currencies on Thursday morning as investors await the U.S. inflation data release later today. Many renowned institutions and banks remain on the sidelines, awaiting data clarifying upcoming interest rate decisions. The March United States Dollar Index hovered at 102.790 during this writing, losing 0.13% or […]
It’s a quiet Wednesday for the GBP-USD, without United Kingdom economic signals to contemplate. The lack of data will leave GBP-USD under the influence of the market’s risk sentiment. The pair showcased movements today morning. Market anticipations of softer United States inflation figures supported partial revivals of the latest loss. Nonetheless, while softer inflation numbers […]
The Bank of Japan recently widened the range in which long-term bond yields can fluctuate due to rising Treasury yields and five straight days of losses in the market. Additionally, U.S. equity futures have slightly decreased as investors attempt to end a four-day losing streak in the stock market. These developments come amid worries about […]
Friday’s session presented a 2-sided performance as the Australian Dollar lost ground against the US Dollar while the New Zealand Dollar showed resilience with a minor gain. Meanwhile, policy divergence between the United States’ hawkish Fed Reserve, more hawkishness by the Reserve Bank of New Zealand, and the Reserve Bank of Australia’s less hawkishness ensured […]
Friday witnessed the United States dollar presenting a minor gain against several leading currencies. That followed a hotter-than-anticipated US PP1 (producer price index). Meanwhile, volume remained light as most leading players took the data in stride while bracing for Tuesday’s U.S. consumer price index. The CPI report tends to have more impact than the producer […]
RSI is among the effective trading indicators that experienced & newbie traders use. Why is the Relative Strength Index so popular? Well, its simplicity of design could make it easy to familiarize yourself with its application. Another impressive thing about RSI is it supports various trading approaches, and investors can use it with other indicators. […]
It is somewhat of a GBP-USD day. The market does not have the United Kingdom’s economy to ponder today. Meanwhile, the attention has remained on the Federal Reserve following GBP-USD’s Thursday $1.23 return. The currency has never explored the value since June. Though hawkish bets place the sterling at the $1.25 mark into 2023, massive […]
The Dollar’s decline on Friday maintained Thursday’s trend. According to data, consumer inflation in the U.S. increased by 7.7% over the previous year in October. This was below the anticipated 8% growth rate and was the weakest pace since January. The Value of The Dollar Has Dropped The U.S. Dollar has decreased by around 3.8% […]
