A slowdown in local economic activity and a missed Chinese PMI caused the Australian dollar to decline twice today. In the days following the hype, the currency was roughly at its starting point before rising above 67 cents. In October, the Chinese PMI came in at 48.0 against an expected 49.0, while the non-manufacturing index […]
AUD/USD Drops Amid Inflation Lowers, Mixed Chinese PMIs Read More »
Due to Western sanctions imposed against Moscow after the outbreak of the Ukraine conflict, Wang’s plans changed. Russian banks and many companies could not access dollar and euro payment systems. Currently, she is preparing to invest in bearings in Russia, where her contract manufacturing business was small earlier. “Our goal is to receive 10-15% of
Russia to Use Yuan in Place of Dollar Read More »
Australia and Russia have long been competing for second place in the list of largest gold producers after China. However, with China’s production downturn, there appears to be a chance that one of the two contenders could rise to the world’s top manufacturer status. Although production statistics have been negatively impacted in the last couple
Australia’s Gold Production Plummets in Q3 2022 Read More »
The dollar edged higher on Monday as protests in China against the government’s COVID-19 policy pushed investors away from riskier assets and sent the Chinese yuan down to more than a two-week low against the safe-haven dollar. Protest against lockdown Protests erupted across China and spread to several cities after an apartment fire killed 10
China’s COVID-led Chaos Scares Market Optimism Read More »
There is great volatility in the currency market, commonly called the Forex. Due to instability, there are only sometimes complex trading options available in the currency market. Liquidity is created in the Forex market by volatility. Investing in a liquid market increases your chances of reaping whirlwind gains. Inflation puts Forex traders in a tough
How Inflation Affects Forex? Read More »
A 2012 German book on trading psychology, “Tradingpsychologie”, asserts this thesis. It was the first book of real use to readers and reviewers who had read on the subject. Psychologist and journalist Norman Welz developed a keen interest in the stock market and its psychology while writing the book. He has extensive experience in trading
Building Brain Power For productive Forex Trading Read More »
In a market where ticker tapes never stand still, scalpers profit from small movements. For years, day traders relied on Level 2 bid/ask screens to detect supply and demand imbalances, which differ from the average person’s National Best Bid/Ask Price (NBBO). A profit or loss was booked shortly after the spread returned to balanced conditions
Best Indicators for Scalping Trading Strategy Read More »
Streamline your decision-making process by following these basic steps. Forex trading careers require a great deal of decision-making. An optimal understanding, clarity, and willpower are necessary for a fast-paced trading environment. To determine your action plans, set goals, and analyze risks, use your decision-making skills in conjunction with your trading strategy. Take advantage of the
Basic Tips to Make Decision-Making Easier as a Forex Trader Read More »
Traders need to consider their position size more than their entry and exit points when day trading foreign exchange (forex) rates. Your forex strategy can be the best in the world, but if you take on too much or too little risk, you will either lose or gain money. It is also possible to lose
A Guide to Determining Position Size When Trading Forex Read More »
When a currency’s forward price exceeds its spot price, it is said to have a forward premium. A rising domestic exchange rate against other currencies indicates the market. When the exchange rate increases, the currency’s value decreases, creating confusion. Forward premium formula Formula = (The Future Exchange Rate – The Spot Exchange Rate) / The
What is a Forward Premium? Read More »
