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AXITraderCategory Archives: Forex Blog
21 MINS READ
In the ever-evolving landscape of the foreign exchange (forex) market, traders constantly seek an edge. While a diverse arsenal of technical analysis tools exists, some find their compass in the raw pulse of the market itself: price action trading st...
8 MINS READ
Personal consumption expenditures (PCE) rose 0.2% in December from -0.1% the previous month, while they were unchanged at 2.6% annually. Food prices increased by 0.1% and energy by 0.3%, the Commerce Department's Bureau of Economic Analysis (BEA)...
9 MINS READ
As a beginner trader producing consistent profits in the financial markets, I desperately searched for the perfect trading strategy. I wanted to find a particular strategy that could help me capitalize on opportunities in forex, stocks, commodities, ...
7 MINS READ
Gross domestic product slowed from the previous three months but rose more than expectedUS economic growth advanced at an annual pace of 3.3% in the fourth quarter of 2023, the US Commerce Department's Bureau of Economic Analysis' advance rep...
11 MINS READ
Have you ever felt like you were missing out on opportunities in the forex market because you couldn't trade 24 hours a day?As a forex trader, I used to get frustrated knowing that the forex market was open and moving while I was asleep. The fore...
8 MINS READ
Sales at autos and retailers rose, while it fell at gas stations and health & personal care stores Sales at US retailers rose 0.6% in December, the most since September, amid solid consumer spending, to mark the end of a tumultuous year that...
10 MINS READ
The allure of foreseeing the future is irresistible, especially when money is on the line.As a forex trader, your profits rely heavily on mastering forex forecasts and accurately predicting the rise and fall of currency pairs. However, forex forecast...
8 MINS READ
US dollar ends flat, bond yields fall, and equities end mixed on ThursdayConsumer prices rose 0.3% month-on-month in December from 0.2% the previous month and from 3.1% to 3.4% at an annual rate, the most in three months, data published by the US Bur...
9 MINS READ
The foreign exchange markets are the largest and the most liquid compared to any other asset class in the world, primarily due to large volumes pitched in by various market participants- from retail traders to corporates, commercial and investment ba...
8 MINS READ
US nonfarm payrolls increased by 216,000 in December, the US Bureau of Labor Statistics reported on Friday. Economists surveyed by Dow Jones expected the payroll number to come in at 170,000, even as October and November's print were revised lowe...
