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 expectations for the one year (3.9% from 4%) and the five to ten years (2.9% from […]
Crucial Forex Week Outlook with Fed, BoE, and ECB Policy Meetings Read More »
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 risk perception as there will be no high-quality data released on the European economic
Forex Today: Bank of Canada Softens Dollar- Q4 GDP Gains Attention Read More »
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 102.00, while the 10-year US Treasury bond yield is hovering just below 3.5 percent. As the European morning
Forex Today: Australian Inflation Hits 32-Year High, Focus on the BOC Read More »
In the past, arbitrage was restricted to commodities easily traded on the markets. It is a phenomenon that evolved from the financial markets. With the recent developments in the world, arbitrage has become possible even in the labor market, and this arbitrage directly relates to the foreign exchange rate. This article will discuss the effects
Labor Arbitrage and Forex Read More »
Indicators like this might intimidate newbie traders just by their name, but they won’t change their minds once they see them on the chart. Indicators such as Ichimoku Kinko Hyo seem complicated and difficult to use, which is why many traders avoid them. Nevertheless, it’s an indicator that traders widely use. We’ll explain it in
Using Ichimoku Kinko Hyo: An Effective Approach Read More »
You’ll inevitably encounter volatility no matter what market you choose. It’s a vital aspect of a financial market. The most common mistake new investors make is believing volatility will appear and disappear over time. Let’s clarify how to exploit the power of price volatility for your investment success. Volatility always exists. The only difference is
How to Deal With Market Volatility in Your Favour? Read More »
A Forex Strength Meter is a technical indicator that uses algorithmic data to help traders gauge the strength of individual currencies. Currency Strength Meter can also be found on the web if you use MT4, MT5, or any other platform that supports custom indicators. This guide explains how the strength meter works, how to download
Ways to Trade Currency Strength Meters for Forex Read More »
A momentum trade relies on taking advantage of a market’s current trend, which may increase or decrease in price as it gains velocity. The currency and stock markets, volatile and liquid, are the most common markets in which momentum trading occurs. Momentum traders can also take advantage of price swings in liquid markets, making short
Forex: Keep an Eye on the Momentum Read More »
Technical analysis and fundamental analysis are probably terms you are already familiar with. This matter falls into two major categories and several subcategories. The Forex multiple time frame analysis (MTFA) techniques is a great example of such a subcategory. It can serve as a great supporting tool for traders. Most traders sometimes need to pay
Multiple Time Frame Analysis in Forex Trading Read More »
One of the main trading strategies regarding this is to use a price action retracement entry. If we knew the right time to enter a trade, trading would be much easier and more profitable. This type of technical analysis of market prices relies on mathematical evaluations, removing all the guesswork involved in trading. Price action
3 Price Action Retracement Entry Types You Need to Know Read More »
