The dollar tumbled to a three-week low against the yen on Thursday after Federal Reserve Chairman Jerome Powell eased investor concerns about continued aggressive monetary tightening. The US currency fell to 135.105 yen, its lowest level since July 6, after the Fed raised interest rates by 75 basis points, as expected, to bring them closer […]
Dollar Falls as Powell Hints Approaching Neutral Rate Level Read More »
With US interest rates hike this week and growing uncertainty about the future path of the Fed’s tightening policy, the dollar held onto a two-decade high on Tuesday. In contrast, a recent cut in gas supplies to Russia put pressure on the euro. Today, the US Federal Reserve begins a two-day meeting and is expected
Fed Uncertainty and European Gas Crisis Dominate FX Markets Read More »
Forex Compounding: Many traders strive to build a consistent and stable account that will give them the best returns. Building a program that adds a profit to your investment portfolio every time you make a profit is an excellent way to grow your forex trading account. This way, even the most minor accounts can grow
What is a Forex Compounding Calculator? Read More »
In the world, there is no trading market more prominent than the forex market. It is open 24 hours a day, five days a week. It also has the highest degree of volatility, which makes it a market with more significant profit potential. Typically, a forex currency pair includes the United States dollar and other
Top 5 Most Valuable Currency Pairs Read More »
During the European session, the GBP/USD forecast remains bullish as the cable looks to stay above the 1.20 psychological mark. The pair closed the week below 1.20 but started the last week of July with an upside momentum. At the time of writing, the pair is trading at 1.20399. Shaky greenback One of the main
GBP/USD Forecast: Starts the week with an upside momentum amid weaker DXY Read More »
You might think forex trading is relatively easy, but it is not. Beginners can understand the complex trading process and often make mistakes, can’t they? There is no denying it (including rookie traders). Become familiar with the trading environment before you go. Several useful forex hacks, tricks, or methods are presented in this article, which
Top 4 Forex Trading Hacks Read More »
Forex traders are interested in staying active throughout the year, even when market conditions change. If you’ve researched and adjusted your strategy, forex trading possibilities exist in either booming or bear markets. Understanding the elements affecting price movements is the key to trading in any market. When you have the right tools available, volatility can
Tips to Navigate Bull or Bear Markets Read More »
The dollar rose strongly on Friday but remained on track for its biggest weekly fall since late May after weak US economic data meant that expectations for a 1% US Federal Reserve rate hike next week were eased somewhat. The euro fell from more than a two-week high on Thursday as the European Central Bank
Dollar Rising before Fed’s Rate Hike Read More »
Exiting trades on time is one of the most challenging aspects of forex trading. Exiting too late can lead to you losing some profits because no gains were locked in. Exiting early can leave you without potential gains if you hadn’t let the trade run its course. Seeing it on the charts can be highly
Tips on Exit Trading Strategies Read More »
A trader without overtrading experience is the same as a trader who has never even traded before. In time, everyone makes a lot of unnecessarily large trades quickly, in a hurry, and without following the rules. What can be done about this? Trading in Forex can lead to overtrading, a habit most traders have already
Solving Overtrading in Forex Read More »
