Are you ready to take your forex trading to the next level in 2023? Then you need to know about the top 7 technical indicators that successful traders use to ...

Global Oil Demand to Rise by 2.32 Million bpd in 2023, According to OPEC

by admin · April 13, 2023 ·

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The world's energy market is always in flux, and according to OPEC's latest monthly report, the global oil demand growth forecast for 2023 remains unchanged at a whopping 2.32 million ...

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USD/CAD nears 2-month low as bears target 200-day SMA below 1.3400

by admin · April 13, 2023 ·

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The USD/CAD pair is under selling pressure for the fourth consecutive day, dropping to a nearly two-month low on Thursday. Bears are eagerly awaiting a breakthrough of the important 200-day ...

UK Economy Stalls as GDP Remains at 0% for February

by admin · April 13, 2023 ·

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The British economy has hit a roadblock, with the February 2021 UK Gross Domestic Product (GDP) monthly release reporting a stagnant 0% growth. This unexpected news has rattled traders, especially ...

NZD/USD to Remain Range-Bound in Short-Term, UOB Says

by admin · April 13, 2023 ·

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The latest analysis from UOB Group's economist Lee Sue Ann and markets strategist Quek Ser Leang suggests that the NZD/USD currency pair will be range-bound over the next few weeks, ...

GBP/USD Faces Resistance at 1.2525 Ahead of 1.2600, Warns UOB

by admin · April 13, 2023 ·

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In recent forex analysis, the GBP/USD currency pair has encountered significant resistance at 1.2525, with further resistance predicted at 1.2600 by UOB Group's economists. This marks a notable increase in ...

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Understanding Moving Averages for Forex Trading: Types, Valuable Ones, and Techniques

by admin · April 10, 2023 ·

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Many traders use moving averages in forex trading to analyze trends, support and resistance levels, and entry and exit points. While simple and exponential moving averages are commonly used, understanding ...

WTI crude oil rises beyond $80.00 amid NFP, economic worries, and OPEC+ surprise.

by admin · April 8, 2023 ·

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WTI crude oil shows a three-week increase and has recently fluctuated at a 10-week high. Although economic troubles have recently pressured WTI, the OPEC+ surprise keeps oil purchasers at the ...

Profit Factor: The Complete Guide with Illustrations

by admin · April 8, 2023 ·

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A trading performance measure known as the "profit factor" is the ratio of gross earnings to gross losses. A lucrative system has a profit factor of more than 1.0; one ...

Top 4 Latest Forex News and Market Analysis for 7 April, 2023

by admin · April 7, 2023 ·

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In this article, we have covered the highlights of global market news about the USD/JPY, USD/MXN, EUR/USD and USD/CHF. USD/JPY: Well-set for weekly loss at 131.50, Kuroda's retirement speech, US NFP in focus While momentum traders are ...