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AXITraderCategory Archives: Forex Blog
18 MINS READ
Basic Forex Terms You Should Know Before TradingTrading currencies in the foreign exchange (forex) market can feel like entering a foreign country, with its language and customs. Before starting Forex trading, it is essential to learn the basic Forex...
6 MINS READ
Equities rally while the US dollar and bond yields fall The US Federal Reserve maintained interest rates at multi-decade highs of 5.25%-5.50% following its two-day monetary policy meeting on Wednesday, even as Chair Jerome Powell reiterated that...
6 MINS READ
However, the mixed data showed an increase in the jobless rate and a drop in wage growth The US economy added 275,000 new jobs in February, above the 12-month average of 230,000 and way higher than economists' forecasts of 198,000. The month...
15 MINS READ
Learning how to read forex charts is an essential skill for anyone looking to trade currencies successfully. Charts provide a visual representation of the price movements and trends of currency pairs, allowing traders to analyze and make informed tra...
10 MINS READ
Have you ever felt like you were swimming against the current when trading Forex?You're not alone.Going against the dominant market trend can be tricky, but counter trading strategies allow savvy traders to profit in any market condition.Counter ...
7 MINS READ
Sales weighed by cold weather and seasonal adjustments; expected to rebound next month Sales at US retailers shrank 0.8% month-on-month in January, marking the lowest reading in 10 months, primarily weighed down by a drop in receipts at gasoline...
9 MINS READ
Equities plunge, bond yields and the greenback rise as rate cut hopes fade The consumer price index in the US, a measure of prices paid by urban consumers for a basket of goods and services, rose 0.3% month-on-month in January, unchanged from th...
14 MINS READ
Trading currencies and watching the forex markets move without being able to capitalize on price swings is beyond frustrating. But what if I told you that with the right momentum trading strategies, you can actually profit from market volatility?In t...
7 MINS READ
Property prices rise from a resilient labor market, pullback in inflation, and mortgage ratesThe UK housing market registered its fourth consecutive monthly price increase in January amid falling mortgage rates, cooling inflation, and a resilient lab...
9 MINS READ
December figures revised higher; unemployment rate unchanged for the third straight month Nonfarm payroll employment accelerated in January, signaling the continued resilience of the labor market, which will likely shield the US economy from a r...
