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AXITraderCategory Archives: Forex Blog
9 MINS READ
For new Forex traders, choosing the right trading time frame is absolutely essential for long-term profitability. However, when they start Forex trading, many novice traders mistakenly opt for shorter time frames like the 1-minute or 5-minute charts....
7 MINS READ
US nonfarm payroll employment spiked by 336,000 in September from an upwardly revised 227,000 the previous month, the US Bureau of Labor Statistics (BLS) reported on Friday. The robust payroll numbers almost doubled from the 170,000 expected in a pol...
11 MINS READ
“Can you make 50 pips a day?”It’s a question many traders especially day traders have asked.It's the dream of quickly and consistently profiting in the foreign exchange market but trading Forex can feel overwhelming for beginner...
11 MINS READ
Forex trading can be daunting for those traders just starting out. With so many trading strategies and time frames to choose from, it's hard to know where to begin. For beginner traders looking to dip their toes into the Forex market, the 4 hour ...
7 MINS READ
The Federal Reserve left interest rates unchanged following its two-day monetary policy meeting but signaled that there would be another 25-basis point rate hike this year. The decision to maintain the status quo on interest rates leaves the benchmar...
6 MINS READ
Retail sales volumes in the UK climbed 0.4% higher in August, rebounding from the upwardly revised 1.1% decline in July, data published by the Office for National Statistics (ONS) showed. For the three months ending August 2023, sales rose 0.3% compa...
6 MINS READ
Production at US factories rose by 0.4% in August, a sharp decline from the 0.7% increase the previous month, the Federal Reserve reported on Friday. On the other hand, capacity utilization improved to 79.7% in August from 79.5% in July but is ...
7 MINS READ
The headline consumer price index, which measures costs across a broad category of goods and services in the US, rose by a seasonally adjusted 0.6% in August from 0.2% the previous month and at an annual pace of 3.7% from 3.2%, the US Bureau of Labor...
7 MINS READ
Picture this: a trading strategy that can potentially generate profits even when prices move in a consolidation over extended periods.Sounds too good to be true?Well, it's not only true but also hailed as one of the most popular trading strategie...
6 MINS READ
New orders for manufactured goods fell by $12.7 billion or 2.1% in July to $579.4 billion from 2.3% the month earlier, the US Census Bureau reported on Tuesday, 5th September 2023. Excluding transportation, orders rose 0.8% in July, up from 0.3% the ...
