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How to make money on using a scalping strategy?
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The AUD/USD pair extended its daily slide in the second half of the day on Friday and touched a weekly low of 0.7689. As of writing, the pair was losing 0.75% on a daily basis at 0.7694.
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The U.S. Core Consumer Price Index (CPI) in May released last Thursday rose from 3% in April to 3.8% from a year earlier, exceeding 3.4% based on the market expectation. This reveals that the escalating inflation in America is faster than expected.
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Steve Hanke slammed El Salvador’s Bitcoin adoption as legal tender, and questioned how Bitcoin would function in day-to-day transactions.
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-New Zealand's GDP set to rebound 0.5% QoQ in Q1 2021. -Supply shock is seen threatening economic recovery. -The kiwi appears vulnerable on the FOMC outcome and NZ GDP release.
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Daily currency trading guides and market forecasts: NZD/USD, AUD/USD, USD/JPY, EUR/USD, GBP/USD, USD/CAD, GBP/JPY, EUR/JPY
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Gold started its bullish run at the beginning of April and extended it to May, reaching the yearly high of $1916 per ounce. With the bullish market in play, a deep pullback is imminent on Gold as the price couldn't go beyond $1910 after several attempts.
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After giving a massive jolt to the cryptocurrency fans, Tesla CEO Elon Musk has now come forward to help form a Bitcoin Mining Council that will promote energy usage transparency" and "accelerate sustainability initiatives worldwide."
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Originating from market cycles, a countertrend idea refers to seizing the opportunity of entering the market before its reversal.
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Dollar, Emerging Markets and US Equities: Top FOMC Targets for Volatility
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US DOLLAR OUTLOOK: USD PRICE ACTION HINGES ON UPCOMING FED ANNOUNCEMENT
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GOLD PRICE FORECAST:
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Pre-registration not mandatory, 18+ can walk in for vaccination, says govt.
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NEW ZEALAND DOLLAR, NZD/USD, TRADE DATA, FED -TALKING POINTS
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According to the announcement, a fine of EUR 34,000 has been imposed on Renesource Capital for infringements of the Financial Instruments Market Law (FIML), and an additional penalty for the same amount for infringing the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing (AML law).
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Nvidia CEO Huang: “Ethereum Is Going To Be Quite Valuable”
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Why Bitcoin Is Actually “Bad For Crime” Contrary To Belief
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Daily currency trading guides and market forecasts: NZD/USD, AUD/USD, USD/JPY, EUR/USD, GBP/USD, USD/CAD, GBP/JPY, EUR/JPY
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Daily currency trading guides and market forecasts: NZD/USD, AUD/USD, USD/JPY, EUR/USD, GBP/USD, USD/CAD, GBP/JPY, EUR/JPY
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the uptrend of CPI and broader inflation are inevitable because of the continuous growth of oil prices recently. The escalating inflation should have fueled the increase of bond yields whereas the U.S. 10-year government bond yields have dropped recently, which is bewildering. The phenomenon is believed to be associated with the anxiety of the financial market over inflation.
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