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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Can This Week Go Even Further?
Traders, this is Adam Harris, Ambassador to FXGlobe. Let’s prepare for a bustling week by recapping last week’s market movements. Despite a few unexpected swells, we traversed a week brimming with potential and promise. In the UK, we witnessed an uptick in the Claimant Count Change, an unanticipated turn signalling an increase in joblessness. This […]
Keep Your Cool: The Trader’s Guide to Controlling Emotions
Trading is an emotional rollercoaster. Between the highs of winning trades and the lows of losses, it’s easy to let emotions hijack sound decision-making. This guide will help you master your emotions so you can trade with ice-cold calculation and consistency. Identifying Your Emotional Triggers Emotions rise quickly in trading, catching us off guard. By […]
Week’s End Wisdom: Essential Tasks for Traders at the Close of the Week
Welcome traders! As we wrap up the trading week, let’s discuss the key activities that can help traders transition smoothly into the next week. Remember, the end of the trading week isn’t just about closing trades; it’s also about learning, planning, and recharging. Taking these steps can set you up for continued success in your […]