• Detail Analysis of How Reputed Forex Brokers Generate Money

    In the Forex market, speculators and traders buy and sell different currencies based on their current value and market condition. It is true that Forex market is full of risk. However, this market generates more than $5 trillion dollars regularly. If you are a trader, you need to higher an intermediary to carry out the […]

  • EUR/USD after some buying opportunity for more selling

    Today’s Key Highlights The Euro declined to a new monthly low at 1.1110 and later recovered against the US Dollar. A crucial bearish trend line is in place with resistance at 1.1190 on the 4-hours chart of EUR/USD. The US GDP in Q1 2019 (Prelim) increased 3.2%, more than the 2.0% forecast. The Euro Zone […]

  • 10 Most useful Apps for Forex trading

    10 Most useful Apps for Forex trading Due to the expansion of online business, people have all the opportunities to try their luck in just everything. Same goes for trading as well – if you have always wanted to be a trader but never tried it because it requires a plethora of time and finances, […]

  • 23.04.2019 Chart of the Day – Both bulls and bears trying to control GBP/USD

    Both bulls and bears trying to control GBP/USD Today’s Key Highlights The British Pound declined steadily recently below the 1.3080 support against the US Dollar. GBP/USD traded below a major bullish trend line with support at 1.3070 on the daily chart. The US Existing Home Sales in March 2019 declined 4.9% (MoM), more than the […]

  • Forex – AUD/USD holds steady, kiwi slips lower in late trade

    The Australian dollar was little changed against its U.S. counterpart on Monday, while the New Zealand dollar slipped lower as expectations for U.S. rate hike in December continued to support the greenback, although fresh geopolitical tensions weighed. Trading volumes were expected to remain thin with U.S. markets closed for Columbus Day. AUD/USD held steady at […]

  • The EUR Comes to the Dollar’s Rescue Ahead of Tomorrow’s ECB Decision

    Macroeconomic data is on the lighter side for the day ahead, leaving the markets to consider the lie of the land ahead of tomorrow’s heavily anticipated ECB monetary policy decision and, more importantly, Draghi press conference, the ECB becoming the centre of attention, with the FED seemingly on a more dovish footing. The EUR rallied to […]

  • US Dollar Plummets Against Major Peers as Employment Data Misses Estimates

    The US dollar plummeted against the euro and the British pound on Thursday, following a number of disappointing economic data that further confirmed a slowdown in the US economic growth. The greenback declined despite marginally stronger business activity in the United States, which failed to cancel the negative effect of today’s economic releases. The ADP […]

  • Canadian Dollar Ends Week Strongest amid BoC Hike Speculations

    The Canadian dollar ended the week as the strongest major currency because the events during the week’s trading fueled speculations that the Bank of Canada will hike interest rates as soon as the next week. Markets considered the comments of BoC Governor Stephen Poloz as a sign that the central bank is ready to raise […]

  • It’s a Mill Pond of a Day leaving the Dollar on the Front Foot

    It’s another quiet start to the week, with material macroeconomic data this morning being limited to German’s May trade figures, which will leave the markets with little else to consider other than Friday’s data out of the U.S and what’s scheduled for release for the week ahead, though it’s not just going to be down […]

  • Sterling slides after Carney says now not the time for rate hike

    The pound came under pressure on Tuesday after the Bank of England Governor, Mark Carney, appeared to rule out a rate hike anytime soon. Speaking at a breakfast event in Mansion House, London, Carney struck a more cautious tone than the surprisingly hawkish language used at the Bank of England’s policy meeting last week. Markets […]