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Category Archives: Forex Blog

US Consumer Price Index rose 0.6% in August amid higher energy prices

Energy index jumps 5.6% as all the major energy components indexes soar 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 previo...

For Big Investors

What is Carry Trade in Forex - Definition and Examples

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 strategies...

Forex Strategies

US Factory Orders Fall In July - The First In Five Months

Transportation equipment & new durable goods orders topped the declines 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 202...

For Big Investors

How Long It Takes To Be Profitable From Forex Trading?

If you're here, it's likely because you want to know the answer to “How long it takes to be profitable from Forex trading?” Just as there's no single path to success, there's no one-size-fits-all answer to the inquiry of how long it takes to be a pro...

Forex Basics

US Economy Added 187,000 New Jobs in August, Beating Street Expectations

The unemployment rate jumped to 3.8% amid a cooling labor market US nonfarm payrolls rose by 187,000 in August, up from a downwardly revised 157,000 the previous month, the US Bureau of Labor Statistics reported on Friday. Job gains were seen in heal...

For Big Investors

US Inflation Rate Ticked Higher In July, PCE Price Index Showed

Inflation rose 0.2% on the month and 3.3% from the same time last year Personal consumption expenditure (PCE), the Fed's preferred inflation gauge, rose 0.2% in July and 3.3% year-on-year, data published by the Bureau of Economic Analysis (BEA) showe...

For Big Investors

Consumer Confidence Index in the Euro Area declines in August

BCS, too, declines as ESI and EEI fall by over 1.0 points amid waning confidence The Flash Consumer Confidence Index in the euro area fell by 0.9 percentage points to minus 16 in August 2023 from minus 15.1 the previous month as surging inflation wor...

For Big Investors

How to Create and Manage a Forex Trading Strategy?

You're probably reading this because you want to learn how to create and manage a Forex trading strategy. The process of crafting a Forex strategy shouldn’t be complicated but is a systematic one, grounded in logic and careful analysis. Below are the...

Forex Strategies

Germany's economy stalls in the second quarter amid sharp drop in exports

GDP unchanged in Q2, 2023, after contracting in the previous two quarters Second-quarter GDP growth (second estimate) in Europe's largest economy was flat in the April-June quarter, unchanged from the first estimate published by Germany's Federal Sta...

For Big Investors

Why Trading Strategy Matters?

Whether you're delving into stocks, Forex currencies, commodities, cryptocurrencies, or other asset classes, two fundamental pillars stand tall as prerequisites for achieving consistent profitability: a robust set of trading strategies and well-craft...

Forex Strategies

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