Westpac expected recently that NZD/USD will rise to 0.67 within a few months.
When we talk about Forex trading, people always wonder if every lot made means the exact amount of value held in our hand. My answer is absolutely No.
USDX has experienced a sharper volatility since this year. And it continues dropping despite of the temporary rally in US stock market stimulated by the hawkish fiscal and monetary policy.
European Central Bank(ECB) President Christine Lagarde warned that the appreciation of euro may bring negative pressure on commodity prices. At the same time, PRI is expected to stop the declined trend since the end of July.
As traders and investors, we often face bouts of anxiety and stress. Well, even if you’re not actively trading and investing yet, I suppose you still face with anxiety and stress from time to time. I have mine too.
Recently, Westpac raised the AUD/USD end-2020 forecast to 0.75 from 0.72 but stuck to the forecast that the pair price will gain more momentum to 0.80 in 2021.
Today, I would like to talk about 3 of the hardest lessons I have had to learn about trading over the years.
According to a research of the United Overseas Bank (UOB) released on September 1, USD/JPY tends to be bearish till the end of the year.
The US Presidential Election 2020 is near and often this causes anxiety for many retail investors. And we all know when our emotions are in play, we tend to make many stupid and unnecessary mistakes.
GBP/USD created the deepest loss since March after experiencing a surge early this year and a slump in September.
Today, I would like to share some of the biggest misconceptions of trading that I have seen with many traders.
With the Canadian dollar hampered by oil prices, USD/CAD may embrace further upside in the foreseeable future amid the unstable rally in the US dollar.
Currencies and equities sold off sharply on 21 Sept. as virus cases in Europe hit new record highs.
Markets suspended in uncertainty ahead of the first U.S. 2020 presidential debate, which was held on September 29 local time.
In forex markets, most investors use technical analysis. Compared with fundamental analysis, technical analysis has many advantages.
Recently, the Wall Street equity indices ended higher over 1% while the WTI closed above 1.53% as the two parties are expected to agree on a new round of fiscal stimulus bill.
Oil prices fell on Tuesday as demand concerns driven by COVID-19 outweighed hopes that U.S. lawmakers and the White House were nearing an agreement on a new stimulus package to revive the world's biggest economy.
Prices of gold and silver saw a large retreat four weeks ago just after I published the Negative Points of Buffett’s Buying Gold-Mining Stocks. Trends of precious metals are seemingly simple but yet proved to be tricky.
The Federal Reserve Vice Chair Randal K. Quarles said in a recent speech that he was optimistic about the country's economic outlook, which could push the dollar higher in the short term and keep the dollar dominating non-USD currencies.
The dollar hovered near a two-month peak against at a basket of currencies on Monday as investors look to a barrage of upcoming economic data and political developments in the United States before making any fresh bets on the U.S. currency.
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