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Forex trading analysis is one of the most important things to know first. The best traders sharpen their skills through trial and error in discipline way.
PU Prime (formerly Pacific Prime) which is an established trading broker with multiple live accounts, excellent customer support and competitive analysis tools, released an announcement about the changes in their trading schedule due to upcoming US Daylight Saving.
Stocks sold off sharply Tuesday after comments from Federal Reserve Chair Jerome Powell suggested that rates may need to go higher for longer, fueling fears of a potentially larger hike at the central bank’s next policy meeting.
After announcing consecutive nine rate increases so far, the Reserve Bank of Australia (RBA) is up for another hawkish monetary policy outcome, despite teasing the policy pivot of late, during the scheduled Interest Rate Decision of around 03:30 AM GMT on Tuesday.
WCG Markets:2023-03-08
On Tuesday, Powell's hawkish speech ignited the market. Spot gold accelerated its decline in the U.S. session, losing $1,820 per ounce and hitting a new low since Feb. 28, eventually closing down 1.8% at $1,813.08 per ounce. Spot silver fell since the European session, eventually closing down 4.64% at $20.07 per ounce.
these are the GEM numbers of the month for February:
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Will the Bank of Japan repeat its December hat trick? Then, unexpectedly for investors, it expanded the range of target bond yields. USDJPY reacted with a fall. What will happen this time? Let us discuss the Forex outlook and make up a trading plan.
The Reserve Bank (RBA) is once again widely expected to announce a 25 basis point (bp) interest rate hike at its next boa, which would see the OCR at a 10-year high of 3.6%. We noted in their February meeting that the statement has a hawkish tone, and that the wording suggested at least two more hikes are in the pipeline.
On Monday The EUR/USD is up, heading toward last week's high and with 1.0700 again on the radar. A stronger Euro across the board has been supportive of the pair, while at the same time, the US Dollar weakened. EUR/GBP is back above 0.8800.
During the Asian session on Tuesday (March 7), spot gold oscillated narrowly and is currently trading around $1848.5 per ounce. Investors are generally concerned about the evening Federal Reserve Chairman Powell's congressional testimony, the market wait-and-see mood is strong.
HFT in forex trading has been studied by many people, considering that trading itself is a common activity.
On Monday, as risk factors such as Powell's speech and Non-farm payrolls data loomed, spot gold retreated from the two-and-a-half-week high it touched earlier, hitting an intraday low of 1845.01 and finally closing down 0.28% at $1847.2 per ounce. Spot silver once fell back below $21 per ounce, then rebounded slightly and finally closed down 0.65% at $21.05 per ounce.
Trading losses are an inevitable aspect in the world of trading and investment. Almost every trader will encounter a trading loss that will impact his trading attitude and find it hard to bounce back after. Except for the most experienced and successful trader, they control their mental perception of such situations. It requires experience and a solid trading mindset to contain your emotions, learn from mistakes and never let any of them drive the next trading decisions.
WCG Markets:2023-03-07
The week ahead: 5 things to watch.
Spot gold oscillated narrowly during the Asian session on Monday (March 6) and is currently trading near $1855 per ounce, holding most of last week's gains. After a series of beautiful economic data, Federal Reserve officials did not release the signal to the market for a 50 basis point rate hike in March, disappointing some investors. U.S. bond yields plunged on Friday and extended the decline on Monday, with the 10-year U.S. bond yield once falling to a three-day low of 3.934%, which provided
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