Existing home sales surge
If you want to learn more about forex trading and the secrets behind it, here are 5 things that you won’t hear from a successful forex trader.
Fundamental analysis and technical analysis are two broad types of techniques used in the forex market. But which one of them is more efficient?
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The best time to enter a forex trade depends on the strategy and style of trading. The three discussed below are popular approaches.
It’s a busy day ahead on the economic calendar. Prelim January private sector PMI figures for France, Germany, and the Eurozone are due out later today.
The gold market saw a V-shaped rally on Wednesday as Joe Biden was being sworn in as 46th president of the United States. Spot gold rebounded to $1,850/ounce from $1,832.30, after touching a high of $1,860.
The US dollar went back and forth on Thursday against the Japanese yen, as we are continuing to figure out what to do longer term.
The Australian dollar did rally a bit during the trading session on Thursday but as you can see, we continue to struggle to get above.
Australias employment data was solid news. Its economy has now recovered 90% of the number of jobs lost during the pandemic.
The Bank of Japan kept monetary policy unchanged on Thursday while revising up its economic forecast for next fiscal year.
Oil erased its increase after an industry report showed U.S. stockpiles grew last week, heightening concerns over lackluster consumption.
GBP/USD managed to settle above the resistance at 1.3665 and is trying to get above the next resistance level at 1.3710.
Supply declined in the latest week
The huge rally on Wednesday is impressive, but it may just be a reaction to the inauguration of President Biden.
Recently, WikiFX received a complaint from a Japanese investor against the illegal broker Spring.
Traders believe a surge in debt-funded spending would be a positive for the global economy, demand for crude oil and commodity prices in general.
The silver markets have reached towards the $26 level during the trading session on Wednesday, an area that has been resistance more than once.
Gold markets have rallied significantly on Wednesday to reach towards the 50 day EMA yet again. More importantly, we have broken above significant resistance.
While forex trading features easy operation and low risks, it is fraught with pitfalls.
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