What is Copy Trade and How It Works?

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 […]

AUD/USD Refreshes 5-Month Peak, but 0.7140 Might Test Bulls – Price Analysis

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 Drops to 1.2350 Amid Fed Concerns and Downbeat United Kingdom Retail Sales

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 […]

U.S. Dollar Index Futures Technical Analysis: DX Range-bound Ahead of U.S. Inflation Data

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 […]

GBP–USD Faces Test at $1.2190 Amid Increasing Bets of Softer U.S. Inflation

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 […]

Bank of Japan’s Decision to Widen Bond Yields Range Sparks Market Uncertainty

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 […]

U.S Dollar Index Futures Technical Analysis: CPI Report Vital to Week Ahead as Federal Meets

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, MACD, and SMA – Trading Tools for All Traders

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. […]

GBP to USD Prediction – Bulls Target $1.2450 Amid Weak U.S Jobs Report

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 […]

With The Latest Inflation Numbers, The Dollar Continues to Decline

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% […]

Average Long-Term U.S. Mortgage Rate Top 7% This Week

The average rate on 30-year fixed mortgages returned to its previous 20-year highs when rates crossed the 7% threshold two weeks ago for the first time in two decades. According to Bankrate’s national survey of large lenders, the average rate on 30-year mortgages increased by 0.13% over the past week, pushing rates from 6.95% to […]

The Pace of Rate Hikes by Central Banks Typically Slows in October

Four of the ten most frequently traded currencies’ central banks upped their benchmark interest rates. Over the last month, the currencies increased by a combined total of 200 basis points. While this was happening, the central banks in charge of the other six currencies kept their exchange rates unchanged. The Bank of Canada, Reserve Bank […]

Asia’s FX Crashes on Fed Worries, Offshore Yuan Drops To All-Time Low

The value of the Chinese offshore Yuan hit a new low on Thursday. The bulk of other Asian currencies has also decreased at the same time.  Expectations of more aggressive actions by the Federal Reserve led to the decline. In addition, the actions caused the Dollar’s value and interest rates on US Treasury securities to […]

Britain’s Budget Proposals Impact Both Dollar and The Pound

At 03:10 Eastern Time, the Dollar Index fell by 0.3% to 112.828. (07:10 GMT). This came after rising by over 18% this year.  Before the slump, the Dollar Index was set to soar by the most since 1972. The Dollar Index measures the U.S. Dollars’ worth for six other currencies. Reports On the U.S. Inflation […]

U.S. Employment Data Beat Expectations, Boosting the Dollar

The dollar was trading lower early on with the Japanese yen. However, it was now trading at 145.42 Yen, up 0.2%. The dollars’ worth last month was 145.90 Yen. That amount was a fresh record high for the currency. It forced the Japanese government to intervene and maintain the yen’s value. Euro Depreciates Against the […]

As The Euro and Pound Weaken, Investors Are Turning to Bitcoin

The cryptocurrency industry seems to be thriving. This occurs while many fiat currencies throughout the world are losing value. Ethereum (ETH) and Bitcoin (BTC) are two examples of digital assets attracting investors’ attention. Bitcoin Has Attracted a Large Number of Investors The cryptocurrency market intelligence platform Messari released some new statistics on September 29. According […]

European Stocks Decline To One-Month Low

On Monday, there was a drop in European shares, with tech stocks leading declines, but hawkish comments from central bankers pushed up bond yields. This is because the comments fueled worries about the aggressive measures that the banks may take for curbing inflation, even though there is a risk of a recession. Rate hike possibilities […]

UK Stocks Record Worst Weekly Performance since Mid-June

On Friday, there was a drop in UK stock indexes, which saw them record their biggest decline in a week since mid-June amidst mounting concerns about a cost of living crisis in the country. Furthermore, the speech of the chairman of the US central bank, Jerome Powell highlighted that there would be further interest rate […]