Both GBP/USD and EUR/USD are making recoveries against the US Dollar in the European session as the greenback as US Dollar weakens. Traders, however, remain cautious amid economic concerns and ...

Understanding Slippage in Forex Trading: A Comprehensive Guide

by Vinit Makol · June 7, 2023 ·

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Introduction In the fast-paced world of forex trading, slippage is a term that traders often come across. Slippage in forex trading can have a significant impact on the execution of trades, ...

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Regulatory Crackdown: SEC Charges Coinbase and Binance, Shaking Bitcoin Prices and Crypto Exchanges

by Vinit Makol · June 7, 2023 ·

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The cryptocurrency market experienced a significant shakeup as the U.S. Securities and Exchange Commission (SEC) filed charges against two major players in the industry, Coinbase and Binance. SEC charges have ...

Euro Zone Inflation Endures as ECB Policy Demonstrates Effectiveness: Knot

by Vinit Makol · June 6, 2023 ·

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Dutch central bank chief Klaas Knot remarked on Tuesday that underlying price pressures in the euro zone might prove challenging to control, but the effectiveness of monetary policy is becoming ...

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Gold Price Oscillates Around $1,960 Amid Divided Response to Fed’s June Policy

by Vinit Makol · June 6, 2023 ·

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Gold price (XAU/USD) is experiencing a period of consolidation, hovering around the $1,960 mark in the early London session. The precious metal's movement has been characterized by back-and-forth action as ...

Australian Dollar Soars as RBA Surprises with Interest Rate Hike

by Vinit Makol · June 6, 2023 ·

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The Australian dollar experienced a significant surge in value after the Reserve Bank of Australia (RBA) took markets by surprise and decided to increase interest rates by 25 basis points. ...

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AUD Rate Outlook Uncertain as Inflation Rises

by Vinit Makol · June 5, 2023 ·

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With economists and money markets at odds, the direction of AUD rate outlook remains uncertain. Lingering price pressures and a rebound in home prices have created a challenging landscape, making ...

Gold Price Forecast: Bears Pounce, Shattering Dreams of Fresh Record

by Vinit Makol · June 5, 2023 ·

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Gold prices (XAU/USD) have experienced a significant downward correction, dashing hopes of reaching fresh record highs. The precious metal attempted to recover but failed, as bond yields resumed their rebound, ...

US Debt Ceiling Resolution Shifts Focus to Fed’s Rate Outlook

by Vinit Makol · June 5, 2023 ·

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As the US debt default crisis has been averted, market attention now turns back to the US Federal Reserve's rate outlook. Following a stronger-than-expected reading of the US May non-farm ...

Nonfarm Payrolls Report: US Economy Gains 339,000 Jobs, Softened Wage Growth Impacts Fed and US Dollar

by admin · June 4, 2023 ·

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Nonfarm Payrolls Report Quick Analysis: The latest Nonfarm Payrolls report has shed light on the state of the US economy, revealing a mixed bag of data. While the economy added an ...