Category Archives: Forex Blog
7 MINS READ
Economic growth in the UK stagnated in the September 2023 quarter after expanding at a 0.2% pace in the three months to June 2023, partly from the sharp increase in the interest rates. Year-on-year, the economy grew 0.6% in the third quarter, unchang...
7 MINS READ
Have you ever considered trading gold as part of your investment portfolio?As a precious metal with a long history as a store of value, gold can be an intriguing market to explore. But for beginners, knowing how to get started with gold tra...
7 MINS READ
The US economy added 150,000 jobs in October, around half the jobs created from the downwardly revised 197,000 the previous month, data released by the Bureau of Labor Statistics on Friday showed. A poll of economists by the Wall Street Journal had f...
7 MINS READ
The Federal Open Market Committee (FOMC) left interest rates unchanged at 5.25%-5.50% at the end of their two-day monetary policy meeting on Wednesday, November 1st, in line with market expectations. The decision to maintain the rates at current leve...
11 MINS READ
Fibonacci retracement levels are a popular tool used in technical analysis to identify potential support and resistance levels in the market.If you struggle to identify optimal entry and exit points, in this article, we’ll explore the stra...
8 MINS READ
US personal consumption expenditures (PCE) price index increased 0.4% in September, unchanged from the previous month but higher than the 0.3% rise expected by analysts, data released by the Bureau of Economic Analysis (BEA) showed. On the other hand...
6 MINS READ
The US real gross domestic product (GDP) expanded at an annual pace of 4.9% in the three months to the end of September 2023 as a shrinking trade deficit and solid consumer spending lifted economic growth, the advance estimate released by the Bureau ...
11 MINS READ
Have you ever seen a currency pair make a sudden, dramatic move and wondered - what just happened?Chances are, there was a major news announcement that sparked volatility in the Forex market. Using a news trading strategy can lead to some o...
11 MINS READ
Forex trading involves speculating on the fluctuations in currency exchange rates. With many trading strategies like swing, position, day trading, and trend trading available, traders are always looking for an edge. One such strategy is the grid...
7 MINS READ
US retail sales rose by a solid 0.7% in September, slightly below the upwardly-revised 0.8% in August, as Americans continued spending at bars and restaurants while stepping up online purchases and automobiles, the Commerce Department reported on Tue...
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