• Avoiding the Bear Trap in Forex

    Avoiding the Bear Trap in Forex

    Feb 2 • 88 Views • No Comments on Avoiding the Bear Trap in Forex

    In a bear trap, the market initially signals a downtrend, then switches and rises again. If you’ve ever found yourself in one of these situations, you know what it’s like. An indication of a possible downturn in the market is called a bear trap....

  • Crucial Forex Week Outlook with Fed, BoE, and ECB Policy Meetings

    Crucial Forex Week Outlook with Fed, BoE, and ECB Policy Meetings

    Jan 31 • 212 Views • Comments Off on Crucial Forex Week Outlook with Fed, BoE, and ECB Policy Meetings

    In the session last Friday, US PCE deflators and spending data were near consensuses, as was expected after the Q4 GDP release earlier that week. The final figures from University Michigan consumer confidence showed an upward revision to inflation...

  • Forex Today: Bank of Canada Softens Dollar- Q4 GDP Gains Attention

    Forex Today: Bank of Canada Softens Dollar- Q4 GDP Gains Attention

    Jan 27 • 510 Views • Comments Off on Forex Today: Bank of Canada Softens Dollar- Q4 GDP Gains Attention

    The US Dollar struggles to stay resilient against its rivals early Thursday as the US Dollar Index remains in negative territory below 102.00 following Wednesday’s slide. Throughout the first half of the day, the market action will likely be driven by...

  • Forex Today: Australian Inflation Hits 32-Year High, Focus on the BOC

    Forex Today: Australian Inflation Hits 32-Year High, Focus on the BOC

    Jan 26 • 520 Views • Comments Off on Forex Today: Australian Inflation Hits 32-Year High, Focus on the BOC

    The following information is important for Wednesday, January 25. Investors are looking for the next significant catalyst as markets remain indecisive mid-week. As a result of Tuesday’s failed recovery attempt, the US Dollar Index is hovering around...

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