Forex Trading

What Will Traders Be Watching This Week? 22 Nov – 26 Nov, 2021

APAC should be hogging most traders’ attention in the first half of the coming week. China and New Zealand take the spotlight up to Wednesday. A sprinkling of US and European data helps to round out the offerings....

GBPJPY: Where is the pair headed mid – 2021?

1 GBP is currently trading at ~155 JPY, which is an important touchstone for the pair. The GBPJPY last touched (and notably rejected) this level in December of 2017. An important question to ask is: Where is the pair headed...

USD index range possibly narrowing in near term

The USD index is currently ranging in between 90.0 and 93.0 and has been for the past six months. Moving forward, the adequate economic data coming from the US should help the weak Dollar regain some of its status, but...

The Safe Haven Wind Down | Bulletin

As investors turn risk-on equities this week, both Gold and Silver experienced a significant sell off, based on news that the US may remove tariffs on China. This led to US Stocks recording new all-time highs, with the Dow Jones...

The trend of gold

Federal Reserve Chairman Powell reiterated that the US economy is good, but it faces some risks and has not revealed new information. The market is also closely watching the progress of China-US trade negotiations. The release of the FOMC minutes is failed...

Blacklisted

The United States blacklist has gained eight new Chinese technology companies, added to the list on Monday under the Trump administration. The White House accused these eight tech companies of being implicated in human rights violations against Muslim minorities in...

NZDUSD stages recovery

First of all, according to the newest US ADP report, private business in the United States hires 135 thousand workers in September, which is lower than expected. Also, ISM is a signal for the manufacturing industry shrinking. People worried about...

US Factory Activity Shrinks the Most in a Decade

September 2019’s, Institute for Supply Management (ISM) Purchasing Management Index (PMI) dropped to a ten-year low of 47.8, from 49.1 in the previous month. Falling short of market expectations of 50.1. With the manufacturing sector having the steepest month of...

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