• 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 […]

  • Week Ahead – GDP out of US and UK in focus; Eurozone and Japan inflation due

    Growth data are due from two of the world’s largest economies – the United States and the United Kingdom. Japan will also be releasing a flurry of data. United States A slew of data are expected from the US next week. The Personal Consumption Expenditure (PCE) price index is one of the most important indicator as […]

  • Forex News – Oil back in bear market after latest sell-off; Commodity currencies fall only modestly

    Crude oil prices fell by 2% on Tuesday as investors continued to fret about the lingering oversupply, which is showing no sign of easing despite 6 months of output restrictions by major producers. The recovery in prices from the 2014-15 downtrend stalled in January when they peaked at 1½-year highs. WTI crude has since fallen […]

  • 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 […]

  • Forex – Greenback slips lower vs. loonie in early trade

    The U.S. dollar slipped lower against its Canadian counterpart on Thursday, after the release of disappointing U.S. jobless claims data, although declining oil prices limited the commodity-related Canadian currency’s gains. USD/CAD hit 1.3485 during early U.S. trade, the session lower; the pair subsequently consolidated at 1.3489, down 0.15%. The pair was likely to find support […]

  • Forex – Dollar remains broadly higher, Comey in focus

    The dollar remained broadly higher against the other major currencies on Thursday, despite the release of disappointing U.S. jobless claims data as investors turned their attention to former FBI Director James Comey’s testimony to a Senate committee. Mr. Comey began his testimony by saying that, while he understood he “could be fired by a president […]

  • Must know aspects before entering in to forex trading

    Must know aspects before entering in to forex trading Be it about the success stories or something else, but many people are delving in to forex trading these days. However, it’s certainly not as easy as it is perceived. The success stories are there; but the number of failures in forex trading is also equivalently […]

  • Basics of Forex Trading and certain key terms used in it

    Through the quest of finding smart money making ways, people these days find forex trading as an effective. They start enquiring about it or look for basic forex education afterwards. In a very simple word, forex trading can be understood as the process of buying and selling currencies. It is currently the biggest financial market over the […]

  • Forex Trading, What Hours Should I Be Ready for Trading?

    Forex Trading, What Hours Should I Be Ready for Trading? Once you have decided to enter the Forex trading world you will find that FX trading has many advantages over other capital markets. Including among others; very low margins, free trading platforms, high leverage and around-the-clock trading. It is my main concern in this article […]

  • Interested in Forex Trading?

    Interested in Forex Trading? The foreign exchange market (Forex) has no central exchange location yet it is the largest financial market in the world. It is over 3x’s the size of the stock and futures markets combined and operates via an electronic network of a banks, corporations and investors. Foreign exchange consists of a simultaneous […]