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.
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.
ESMA restrictions drag down ICM Capital’s 2019 revenue. The year-on-year revenue of the brokerage went down by 64 percent.
Recently, the US dollar surged at the expense of gold prices. European countries have imposed new restrictions as coronavirus cases come roaring back, which fuels negative sentiment in markets.
A forex investor lately gave a call to WikiFX, hoping to learn more about the broker Elite Capitals' regulatory information and business conditions.
On Thursday, WTI crude oil established a firmer footing above $39.0 and rallied again to an intraday high of $40.36 after suffering an overnight pullback.
Trying to gain an income from trading and investing gets tiring after a while, especially when we face a streak of losing trades or inactivity in the market. It happens to the best of us.
Recently, AUD/USD traded to a fresh monthly low of 0.7128 with sharp gains in the US dollar and a decline in global stocks.
The US Dollar Index bounced up by around 1% after releasing the minute of Federal Reserve Board on 19 Aug, breaking the record high since this March.
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