Later today, all eyes will be turned on the US inflation figures for the month of January.The Federal Reserve is actively monitoring inflation levels to decide its future monetary policy.A higher reading can lead to a tighter policy, while a low reading is likely to push the central bank to adjust its inflation expectations and …
Forex and a job are two sources of income that have pros and cons, and their concepts are very different, and one cannot be replaced by the other, but rather we can say that they complement each other! A person can choose to adopt both. Where it is required in the Forex market that the …
To end the trading week, traders will be looking for a set of economic releases from the UK and Canada. The US Dollar fell earlier on Thursday before bouncing during the US trading session pushing Gold sharply lower toward the key technical support of $1860 per ounce. Moreover, all major US stock indexes ended the …
Stocks are traded individually, for example, you can buy Amazon shares individually, while you trade forex in pairs, the most important of which are USDEUR, USDJPY, GBPUSD, CHFUSD with the aim of clarifying the exchange rate between the two currencies. Stocks vary in the degree of their liquidity, as liquidity flows more to the desired …
After a clear increase in volatility following the latest FED rate decision, traders are taking a step back this week to digest the recent economic data. Few releases are due for Thursday which can help the US Dollar to stabilize in the near term.On the other hand, stocks remain mixed following recent Powell’s comments. Later …
What is RSI? The Relative Strength Index, known as “RSI“, is one of the most important and well-known major oscillators in technical analysis and is used to evaluate the overbought or oversold signal in financial markets and to identify support and resistance points to enable traders to make successful and more accurate investments. Relative strength was introduced …
Following the recent bounce in the US Dollar from a 9-month low, the Greenback is likely to stabilize in the near term due to the lack of important economic releases from the US this week. In Australia, the reserve Bank of Australia decided to raise interest rates to 3.35% up from 3.10% initially, while later …
February is likely to be a positive month for the US Dollar as traders might start looking to rebalance their positions following the latest FED interest rate hike. The better-than-expected GDP figures coupled with the recent strong jobs report published on Friday are likely to support the Greenback in the coming days. The US Dollar …
The FED decided to raise interest rates by 25bps in its first meeting of 2023 to match market expectations, sending the rates to the highest level since October 2007. Initially, the US Dollar dropped following the rate increase which came out as expected. Market participants were looking for the FED to continue rising rates at …
The US Dollar extended its decline after the FED decided to raise interest rates by 25bps from 4.50% to 4.75 which is the highest since October 2007. The FED continues to anticipate that ongoing increases will be appropriate to achieve a stance of monetary policy that is sufficiently restrictive to return inflation to 2% over …