La Segunda Quincena de Noviembre Sigue el Camino de la Primera
Tras una gran primera quincena del mes de noviembre en las principales bolsas americanas y europeas, parece que para la segunda tenemos sendas continuistas. El optimismo en los mercados parece seguir instalado y las fechas de acción de gracias, BlackFriday y las posteriores navidades, suelen ser fechas estacionalmente alcistas para estos activos. En el artículo […]
This Week’s Market Recap: The Strong Dollar Continues to Dominate
Economic Numbers Recap – GBP: Claimant Count Change was significantly better than forecasted at 0.9K against an expected 17.1K. – GBP: GDP for the month took a dip, registering at -0.5% against the expected -0.2%. – USD: Core CPI exceeded expectations at 0.3%, and the monthly CPI came in as expected at 0.6%. Year-on-year, CPI […]
Is Chinese Tech Crackdown Over?
Good morning Traders! Hopes that the Chinese government crackdown on its Tech industry are coming to anend, has fuelled a rally in many of China’s big tech. Tencent Tencent share price, has almost doubled in value since the low made in October 2022when it pierced the 200 mark. On the daily chart the market is […]
2023 – Gold’s Cautious Journey
Good morning Traders! I think it’s fair to say that Gold has not recently behaved in a manner expected- the old adage that Gold is a hedge against inflation does not seem to hold true anymore. That being said, there’s some reliable evidence that Gold is making a slow and determined comeback. This doesn’t mean […]
USDCAD, Can Price Break 1.3700?
Good morning Traders! Following a very busy week of economic news and Central Banks interest rates hike, wesaw some strength returning into the US dollar, and one of my favorite pairs at themoment is USDCAD. USDCAD – Consolidating at Resistance USDCAD has maintained it’s uptrend on the Weekly chart, despite the strong selloff thatwe saw […]
Weekly Market Review: Wrapping Up 2023 with Key Market Insights
A Week of Economic Fluctuations As 2023 draws to a close, the markets have witnessed significant movements. In the UK, the Claimant Count Change indicated an unexpected rise, hinting at shifts in the job market. Meanwhile, the US inflation rate showed a slight increase as per the Core Consumer Price Index (CPI), a critical indicator […]
Why FXGlobe is the Ideal Partner for Introducing Brokers and Affiliates
For introducer brokers and affiliates looking to maximise their income potential, choosing the right brokerage partner is crucial. FXGlobe stands out as an ideal choice due to the company’s lucrative commission structure, robust support capabilities, and proven reputation. FXGlobe is a global brokerage providing online trading access across forex, commodities, indices, and shares. Regulated across […]
Global Economic Update: Charts, Currencies, Indices
Hello traders! Another dynamic week has passed in the world of Forex, and as always, we’re here to break down the key economic events that shaped the markets. Recapping the last week The Reserve Bank of Australia unveiled its Monetary Policy Meeting Minutes, shedding light on its economic perspective. The highlight? A slight outperformance in […]
How to Calculate Pips in Forex Trading: A Step-by-Step Guide
Pips are one of the most important concepts in forex trading. A pip (percentage in point) represents the smallest price increment in a currency pair. We use pips to express the change in value between two currencies. As a forex trader, it’s crucial that you understand pips. They allow you to calculate your profits and […]
The Hidden Truths of Major Currencies Revealed
Fancy an overseas vacay or dreaming of dipping your toes in the currency trading pool? Well, you better know that currency fluctuations are the uninvited party crashers that can turn your dream into a nightmare. They can shoot up the cost of your imported coffee or that long-anticipated European tour. Picture this: You’re sipping cocktails […]