The dollar index fell below the 104 mark on Wednesday night (Jan. 4), but was boosted by the hawkish Fed minutes released early this morning, narrowing its losses and regaining the 104 mark to close down 0.41 percent at 104.25.
WCG Markets:2023-01-05
The stochastic oscillator is a simple momentum indicator widely used in forex trading to identify potential trend reversals. Developed by George C. Lane in the late 1950s, this momentum oscillator analyzes past price movements to forecast price changes in the future. If you’re wondering what a stochastic indicator is and how it makes you trade better, this article will help you out!
Bollinger Bands Indicator is the most reliable and powerful technical analysis tool used by traders to help make informed decisions in the Forex market. They are flexible, visually intuitive, and among the most effective forex indicators available to traders. Simply put, Bollinger Bands are perfect for identifying sharp, short-term price movements and potential entry and exit points for trading. This article explains how to trade forex efficiently using Bollinger Bands Indicator.
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【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
At the beginning of the Asian session on Wednesday, January 4, the dollar index oscillated narrowly and is currently trading around 104.70.
On Tuesday, January 3, U.S. economic data worsened to cloud the outlook, market risk aversion resurfaced, the dollar index once rose to 104.86, closing up 1% at 104.7; 10-year U.S. bond yields fell to more than 10 basis points, falling from near 3.879% to 3.752% during the day; 2-year U.S. bond yields fell, falling as low as 4.345%, as of the close of U.S. stocks, trading near 4.3906%.
Oil prices fell for a third straight day on Thursday as rising Covid-19 cases in China, the world’s largest crude importer, continue to raise concerns about fuel demand.
As it is so popular, EURUSD is a well-studied symbol. EUR/USD wobbles below 1.0600 on USD strength as traders eye Fed minutes.
The collapse of FTX, once a $32 billion crypto exchange, has shattered investor confidence in cryptocurrencies. Market players are trying to gauge the extent of damage it has caused — and how it will reshape the industry in the years to come. Although the Leading cryptocurrency exchanges are scrambling to reassure customers that their funds are safe following the collapse of FTX.
Forex beginners are always eager to learn forex trading online as an opportunity to make money and they always wonder how to get started. It’s important to have a deep understanding of how the market works and best practices for forex trading.
The Moving Average Convergence and Divergence or MACD is a momentum oscillator indicator that is mainly used to detect price trends. It is among the most important technical indicators used in forex analysis. The MACD is a powerful indicator if used effectively for assessing the strength and momentum of price trends, and to predict either its continuation or potential reversal.
WCG Markets:2023-01-04
There are two probably in the business, those are profit or loss. So, traders should know about it to minimize bankruptcy that will happen suddenly.
The dollar shook sharply against the yen early in Asian trading on Tuesday, January 3, once hitting a near five-month low near 130.53. The view that the Bank of Japan will change its low interest rate course is being pursued, with the BOJ considering raising its inflation forecast and expecting to move closer to its 2% target in fiscal year 2024, according to Nikkei.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
On Friday, December 30, investors weighed the prospect of continued Fed tightening and the impact on the economy, the dollar index continued to fall, hitting a new six-month low, closing down 0.47% at 103.49. The dollar index narrowed its annual gain to 8.1%.
WCG Markets:2023-01-03
The economic cycle today is unstable. So, many people seek side income and build the business. One of the businesses is the forex business. Therefore, a lot of people become new traders.