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Category Archives: Forex Blog

UK economy stagnated in the third quarter, rose 0.6% year-on-year

Service sector output slips 0.1% while manufacturing output ticks 0.1% higher 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 int...

For Big Investors

Gold Forex Trading Complete Beginner's Guide

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 trading and...

Forex Strategies

US job growth slows in October as high-interest rates cool demand for labor

Unemployment rate climbs to 3.9% in October, the highest since January 2022 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 Statis...

For Big Investors

Fed Funds rate unchanged after FOMC pauses interest rate hike in November

Policymakers leave the door open for another rate hike, but markets skeptical 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 lin...

For Big Investors

Enhancing Forex Trading with Fibonacci: Strategies and Techniques

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 strategies and...

Forex Strategies

Inflation rose faster than expected in September, Fed’s preferred inflation gauge showed

Headline PCE price index surged 0.4% month-on-month, while core inflation climbed 0.3% 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 ana...

For Big Investors

US Economy Accelerates In The Third Quarter Amid Solid Consumer Spending

GDP growth jumped to 4.9% in the September quarter from 2.1% in the second quarter 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 con...

For Big Investors

Trading with News: Unlocking Forex Opportunities with Strategic Insights

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 of the big...

Forex Strategies

Grid Trading Strategy in Forex: A Comprehensive Guide

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 trad...

Forex Strategies

US retail sales rose 0.7% in September beating Street estimates

Dollar ends flat, stock benchmarks remain mixed, and treasury yields rise following the announcement 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 re...

For Big Investors

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