Scalping, when used in reference to trading in securities, commodities and foreign exchange, may refer to either a legitimate method of arbitrage of small price gaps created by the bid–ask spread, or a fraudulent form of market manipulation.
When trading GBPUSD, the British pound is called the base currency and the US dollar is called the terms currency. The quote of the currency pair shows the number of US dollars needed to buy one British pound.
Tesla is the most highly valued automaker in the world while being only around the 20th largest by volume. Founded in 2003 by American entrepreneurs Martin Eberhard and Marc Tarpenning and named after Serbian American inventor Nikola Tesla, Tesla, Inc. is one of the most familiar car brands in the world.
The week ahead: 5 things to watch.
On Monday (March 20), spot gold bottomed out during the Asian session after falling to near $1,968.12 per ounce. Because of technical adjustment needs and the weekend the Federal Reserve and the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank and the Swiss Central Bank joint coordinated action to enhance market liquidity, UBS agreed to buy Credit Suisse, once the risk aversion cooled. But this optimism quickly faded, buying on the low to help gold prices to reve
On Friday, market concerns about the banking crisis dragging down the economy made a comeback, coupled with the University of Michigan's consumer inflation expectations for the coming year plunging to 3.8%, the dollar index continued to dive, once falling to 103.68, closing down 0.53% at 103.85.
While no one knows how long a recession lasts, the financial consequences of making poor trading decisions during the recession can be devastating. Interestingly, there is one market that remains viable even when the stock and crypto markets plummet. Forex trading during recession offers excellent profit opportunities, as it offers income opportunities even during economic downturns. Let's explore!
Not every trader has the luxury of starting the trading journey with a big forex account. Does it mean that traders with a small trading account can grow their accounts? Yes, they absolutely can. Through the right risk management rules and good investment decisions, a small account can be turned into a bigger one.
Please refer to the following table for the changes in the trading hours during the month of March 2023. The time and date mentioned in this notification are the system time (GMT +3) and are subject to change. For up to date information, please refer to the information on our trading platform.
Index / Stocks / Crypto / Metals / Commodity & Futures / Forex
On Friday (March 17), in Asian session, spot gold rose in oscillations and is currently trading around 1931.75 US dollars per ounce, although the US dollar index has slightly declined, providing momentum for gold prices to rise. However, large American banks have injected $30 billion into First Republic Bank to rescue the Bank of First Republic, which has been caught in the recent financial turmoil. The Swiss Central Bank has also offered $54 billion in life-saving assistance to Credit Suisse.
U.S. stocks extended gains in the afternoon session yesterday on reports that major banks are in talks to bolster First Republic Bank sparking a rebound in shares of embattled regional lenders. Treasuries fell after the European Central Bank delivered a rate hike that added to bets the U.S. central bank will also raise next week.
Fundamental analysis is a way of looking at the forex market by analyzing economic, social, and political forces that may affect currency prices.
USD/JPY meets with a fresh supply on Friday and is weighed down by reviving demand for the JPY.
EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world.
Last night, despite the bank crisis, the European Central Bank continued to raise interest rates by 50 basis points as scheduled, sparking speculation about the Fed's movements next week. The dollar index once soared to 104.76, closing 0.19% lower at 104.47. US bond yields rose, with 10-year US bond yields hitting a new six-week low in the session to around 3.37%, rebounding nearly 10 basis points, rising from 3.45% to 3.58% within the day; The yield on two-year US Treasuries, which are more sen
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2023-03-17
Given the highly fluctuating and unpredictable market, especially for beginners, we will focus on handling that while also providing other important knowledge here. Here is a guide that can help you become a successful forex trader:
On Thursday (March 16), during the Asian session, the spot gold fluctuated and was currently trading at around 1918.34 US dollars/ounce. Although the Swiss regulatory authority promised to provide liquidity assistance to Credit Suisse, the risk aversion sentiment lingered. Moreover, the market's expectation of a 50 basis point interest rate increase by the European Central Bank in the evening has dropped to 25 basis points, even maintaining the current interest rate unchanged; The market's expec