Tag: Trading

Japanese stocks surged to a record high following a rally on Wall Street. The Nikkei 225 daily index, although the Topix may be more important for Japan now due to the shift in ETF...

The Dow Jones Industrial Average (DJIA) experienced a volatile day on Monday, starting with early highs before dropping back down, ultimately closing the day 40 points lower than Friday's closing prices. This marked the...

Last Friday, the price of gold went up after the US NFP report was released. The report showed that the labor market was slowing down, with the unemployment rate going up and wage growth...

The EUR/USD pair continues its recovery, showing bullish momentum as it surpasses the 1.0800 resistance level. A bullish trend line is forming with support at 1.0790 on the 4-hour chart, indicating a positive outlook...

Investors are currently facing a mixed bag of signals as the economy shows signs of softening while the S&P 500 continues to reach new highs. In such a complex environment, many investors are turning...

Foreign exchange trading is a risky venture that may not be suitable for everyone. It involves leverage, which can increase the level of risk and potential loss. Before engaging in foreign exchange trading, it...

The EUR/USD currency pair experienced significant movement last week, reaching highs of 1.3840 as investors reacted to the US Nonfarm Payrolls (NFP) report. Despite the better-than-expected NFP figures, concerns about rising unemployment and slowing...

The GBP has remained relatively stable following the UK election results, despite the lack of significant movement. However, the recent decline in the value of the USD has allowed the GBP to emerge as...

The USD/JPY pair recently reached a new multi-year high at 161.95 before experiencing a correction. It dropped below a key bullish trend line with support at 161.50 on the 4-hour chart. Meanwhile, the EUR/USD...

Bitcoin faced a significant drop in price, falling below $56,000 after reports of issues with Mt. Gox and German police involvement. This news has left investors concerned about the future of the cryptocurrency market.It...

Gold prices are on the rise, moving closer to a two-week high as investors focus on the upcoming US Nonfarm Payrolls (NFP) report. The US Dollar is weakening for the fourth consecutive day, as...

USDCAD has been moving back and forth in a sideways range for some time now. Recently, there has been a shift towards negative momentum in the market. The price is currently approaching the lower...

Bitcoin's price has taken a hit, dropping by 4.5% recently. Many believe that this sudden drop is due to the distribution of 141,000 bitcoins from the Mt. Gox bankruptcy. It's hard to believe that...

The US markets were closed for a holiday, and the impact of the US Dollar Index (DXY) on Oversea-Chinese Banking Corporation Limited (OCBC) was significant. The USD fell for the second day in a...

Natural Gas has been facing a losing streak for the seventh consecutive day, with prices continuing to drop. The reason behind this decline is the fact that European gas storages are filling up rapidly,...

The XTIUSD price analysis shows that there is bullish momentum building towards a key resistance area. If a bearish scenario occurs, selling below 83.63 with certain target prices and stop-loss levels is recommended. On...

Last week, the focus was on the Japanese Yen as it hit multi-decade lows, remaining the worst-performing currency. Despite the decline, Japanese authorities did not intervene directly in the markets but the looming threat...

Gold prices have experienced a significant increase earlier this year, reaching a high of $2,450 in May 2024. However, since then, the momentum has slowed down, and prices are currently below the 50-day moving...

The US dollar continues to be supported by strong economic data, such as the recent US PMIs and Consumer Confidence report. This data helps keep interest rate expectations stable and supports risk sentiment, which...

Trademax Australia Limited, operating under the TMGM brand, a well-known provider of contracts for difference (CFDs) and margin forex trading services, has recently made an important announcement. The Australian Securities and Investments Commission (ASIC)...

Foreign exchange trading can be risky, and it may not be suitable for all investors. It's important to understand the risks involved and to carefully consider your investment objectives, experience level, and risk tolerance...

Foreign exchange trading is a risky venture that may not be suitable for all investors. It is important to be aware that leverage can increase the level of risk and potential loss. Before engaging...

The GBP/USD pair saw a significant decline last week as the Cable hit fresh lows on Friday. This bearish trend was driven by upbeat US Purchasing Managers Index (PMI) data, which boosted the US...

The upcoming events for the week include various economic indicators from different countries. On Monday, we have the Bank of Japan releasing the Summary of Opinions and German IFO data. Tuesday will see the...

The Australian Dollar has been facing significant declines recently due to fading RBA gains and disappointing PMI data. The AUD/USD pair has been testing key support levels, with selling pressure originating from Asian markets...

Gold prices took a hit today, dropping by $40 after a brief rally that had investors hopeful. The drop has reignited concerns about the chart pattern that has been forming in the gold market.Over...

Gold prices took a hit after the release of strong US PMI data, which showed that both manufacturing and services activity remained robust in June. This led to higher expectations for inflation and interest...

Foreign exchange trading is a risky endeavor that may not be suitable for all investors. It is important to carefully consider your investment objectives, experience level, and risk tolerance before engaging in such activities....

USD/JPY bulls are taking big risks. The pair has been on the rise for seven consecutive days following a strong US services PMI report. The PMI reading of 55.1 is the highest in 26...

The British pound saw a decline on Thursday, with GBP/USD trading at 1.2683 during the North American session, marking a 0.29% decrease for the day. The Bank of England's decision to keep rates unchanged...

US housing starts for the month of May came in lower than expected at 1.277 million, missing the 1.370 million forecast. Additionally, initial jobless claims were reported at 238,000, slightly higher than the estimated...

Gold Price Reaches One-Week High Amid Fed Rate Cut BetsThe gold price has been on the rise, reaching over a one-week high of around $2,338 as of late. This surge can be attributed to...

Gold prices saw minimal movement during the North American session due to low trading volume. This was attributed to the Juneteenth holiday. However, data from the US indicated a slowing economy, which raised expectations...

During the first quarter of 2024, the Swiss franc has tumbled against most of the G-10 currencies, especially against the US dollar where it underperformed the worst with a current year-to-date intraday loss of...

The Mexican Peso experienced a slight decline against the US Dollar after making gains over the past five trading days. Currently, the USD/MXN pair is trading at 18.41, showing a 0.08% increase. This movement...