Crude oil prices are slightly higher during Asian trading on Wednesday, despite falling overnight. This is due to traders pricing in higher risks of a global recession, which puts oil demand prospects into question. Global growth expectations have been weakening due to persistently high inflation and central bank tightening. This Continue Reading
Spirited Euro Briefly Stalled by Euro Zone Sentiment and InfInflation rose by 0.2% in March, and consumer confidence dropped to 9.9 points, despite unemployment reaching its lowest level since before the financial crisis began. Also contributing to Eurozone Sentiment and Inf: Rising sovereign bond yields. These are just a few Continue Reading
Breakout trading is one of the most common forex strategies, but the risks involved are also the most significant. The main disadvantage of this strategy is that it often turns into a strong trend, so it is best to avoid it for beginners. A breakout trade has a high reward Continue Reading
On Thursday, the USD/CAD currency pair extended a bearish price series ahead of the U.S. retail sales report, due out on January 26. The report is expected to show flat spending for December, and the U.K. Confidence survey is expected to show a slight drop in consumer sentiment. The dismal Continue Reading
USDJPY Forecast: A Correction or Reversal of the Prevailing Bull Trend? The currency pair has risen sharply from its lows, outpacing other assets in terms of correlation and yields. A bear market, on the other hand, will cause the currency to deviate from the general trend of a bear market. Continue Reading
Many forex traders err on the side of over-speculation, but this isn’t always the case. There are some factors that help you avoid this. For example, when you are frustrated with the price of an asset, you tend to reduce your analysis or question your trading approach. If you try Continue Reading
When it comes to trading the markets, candlestick patterns are great indicators for sentiment. They are useful tools when you’re trying to predict the market’s next move. Although they’re not a reliable indicator, you can use them as part of your strategy. They can also provide you with an edge Continue Reading
The US Dollar is peeling back from session highs as bears fade strength amid a fresh round of Fed minutes. The minutes suggest that the Fed will reduce the pace of asset purchases by up to $15 billion a month by the end of the year. This is a disappointment Continue Reading
Let’s take a look at the basics of a moving average or the simple moving average. It is a type of chart used in technical analysis and is basically a line that runs through any data set you like. The line is drawn up over a period of time and Continue Reading
NFP and Forex: What is NFP and How to Trade It? First of all, what is NFP? Non-farm payroll FX is an indicator designed to look at the impact of changes in payroll FX. This information is released generally during the week prior to the release of the FOMC minutes. Continue Reading
