Leverage in forex trading enables traders to maximise on their earnings. Which brokers offer high leverage?
GBPUSD is gaining 0.35% on Wednesday, surpassing 1.3585, not far from the month's highs of 1.3620.
Getting started with trading and transitioning into a financially independent lifestyle has become increasingly popular among people of all ages in recent years. Thanks to the meteoric rise of retail Forex trading achieved by online brokers over the years, the internet has opened up the Forex market to everyone from the comfort of their own homes. Here’s how to open your first trade, and how doing so consciously can make you a lot of money and make forex trading a worthwhile endeavour.
Tech stocks are not doing well. We have seen the mighty fall: Amazon is down 15%, and Meta, Apple, Google, and Microsoft all dropped about 10% in the first weeks of 2022
What is the metaverse, who are the major players involved in its creation — and why investors need to be paying attention to this tech megatrend right now
Dollar index/EURUSD/XAUUSD/USOIL
Central Banks withdraw support
The GBPUSD pair consolidated on Friday as bulls took some profits from this week's rally, bringing the Pound some 200 pips higher.
EURUSD / BITCOIN / USOIL
Index / Stocks / Crypto/Metals / Commodity & Futures / Forex
Market movements remain elevated as rising yields put pressure on most financial assets. Later in the day, the US labor market data for January are due. The non-farm payrolls number is seen dropping to 150,000 from 199,000 in December. As a result, the unemployment rate is expected to stay unchanged at 3.9%.
In trading language, bullish and bearish terms describe market trends that drive prices in financial markets. Generally speaking, markets can move in three directions: up, down, or sideways. And you’ve probably heard that the market is either bearish or bullish based on price movements. Both are used to describe rising or falling markets. But what does this mean?
EURUSD / XAUUSD / USDJPY / USOIL
The foreign exchange market comprises a multitude of factors that demand careful consideration. In a world where more than 6.6 trillion dollars are traded each day on the forex market, it is essential that forex traders possess a thorough understanding of all the terms associated with forex to stay on the safe side of the shore. Forex Drawdown is one of those important technical terms associated with forex trading.
On January 20, 2021, US President Biden was sworn in at the White House. So what has changed in the United States during the past year? The menacing new crown pandemic continues to spread, the US's recovering economy is facing unprecedented high inflationary pressures, and the rift between the political parties has not been repaired
The Fed's first interest rate meeting this year was held on Tuesday, and the results of the two-day meeting will be announced on Wednesday.
On Wednesday, the Bank of Canada will announce its interest rate decision at 23:00. At this meeting, the market expects a 70%-75% probability of raising interest rates by 25 basis points. However, Bloomberg Economists expect the Bank of Canada to keep rates unchanged. Analysts see the case for the first-rate hike as solid and likely to send a clear signal of imminent action from the central bank. Therefore, investors are most concerned about whether Canada's interest rate hike cycle will start at this meeting
Index/Stocks /Crypto /Metals /Commodity & Futures /Forex
Apple’s new service
The current USDCHF formation indicates that at the end of November, the market completed the actionary wave y of the cycle degree, followed by a cycle intervening wave x.