In the European session, EUR/USD Retreats towards 1.0800 in European Session trading on the back foot, approaching the key level of 1.0800. The US Dollar maintains its previous gains as ...

Why Bitcoin’s Drop Below $25K is Imminent: Factors Contributing to the Cryptocurrency’s Continued Decline

by admin · May 13, 2023 ·

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The cryptocurrency market experienced a 3.2% loss in the past day, with Bitcoin and Ether, two of the most popular cryptocurrencies, losing 4.5% and 4.3% respectively. Other top altcoins also ...

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The Australian Dollar Takes a Hit as the US Dollar Regains its Dominance: A Look at the AUD Outlook

by admin · May 13, 2023 ·

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Last week, the Australian Dollar surged to a new peak, only to fall back down as the US Dollar regained its dominance towards the end of the week. Despite this, ...

Stronger Dollar Weighs on Gold, Heading for Weekly Drop

by admin · May 13, 2023 ·

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Gold prices experienced a decline within a one-week low on Friday and are likely to record a weekly drop, due to the influence of a stronger dollar and a rise ...

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US Dollar Defies Soft Inflation and Jobs Data, Surges Above Key Technical Level in Recent Rally

by admin · May 12, 2023 ·

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Yesterday, the Bank of England (BoE) announced its 12th consecutive rate hike, raising rates by 25 basis points. BoE Governor Bailey noted that the effects of past rate hikes would ...

AUD/USD Plummets Following False Breakout, NZD/USD Unable to Confirm Double Bottom Pattern

by admin · May 12, 2023 ·

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The AUD/USD pair has been moving sideways within a lateral channel for more than two months, with the upper and lower boundaries acting as resistance and support, respectively. However, a ...

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WTI’s Future Outlook: Crude Oil Prices Stabilize After a Drop

by admin · May 12, 2023 ·

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On Friday, crude oil prices showed some stability after experiencing a drop overnight, which was likely due because of the US Dollar gaining ground and positive US economic data. The ...

Mindful Trading: What Are The Top 5 Reasons Why Successful Traders Meditate

by admin · May 11, 2023 ·

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The financial markets can be highly confusing which can cause stress and anxiety for traders and we will discuss reasons why successful traders meditate. This can lead to physical health ...

Unleash the Advantages and Drawbacks of Leverage in Forex Trading

by admin · May 11, 2023 ·

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Leverage is a powerful tool that can help traders in forex markets amplify their profits. But like any tool, it can be a double-edged sword that comes with both benefits ...

Japanese Yen Surges as USD/JPY Dips in Response to US CPI Data; BoE Takes Center Stage Next

by admin · May 11, 2023 ·

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Over the last 24 hours, the Japanese Yen has been the top-performing major currency, with USD/JPY falling by approximately 0.7%. This represents the worst day for the pair in the ...