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  The GBP/USD currency pair is trading at 1.2060 after hitting a day high of 1.2265. The Pound Sterling does not oppose positive economic indicators in the US. The US economy is still strong despite the US Federal Reserve’s tightening cycle, as seen by the US employment figures and services activity. The UK GDP and US Fed speakers are on the traders’ radar for the next week. Following a surprise, positive employment data from the United States (US), which fueled rumour that the Federal Reserve (Fed) would hike rates over Wednesday’s 25 basis points level,  GBP/USD  plunged and extended its losses above the 50 and 200-day Exponential Moving Average (EMA) (bps). Read more... EDGE-FOREX Click here to see the video..

In this article, we have covered the highlights of global market news about the  EUR/USD, NZD/USD, USD/CNH  and  USD/JPY . The EUR/USD is hovering over 1.0900 ahead of major US data. The single currency is still processing Thursday’s sharp fall after the ECB, encouraging the  EUR/USD  to trade in a constrained range near the low-1.0900s on Friday. The emphasis of EUR/USD is data. Due to increased caution among market players in anticipation of the impending US Nonfarm Payrolls for January, price movement around the EUR/USD has been quiet thus far in the European morning (185K exp). Read More...   EDGE-FOREX

  In this article, we have covered the highlights of global market news about the  EUR/GBP, NZD/USD, USD/JPY  and  GBP/USD . EUR/GBP is nearing its highest level since September, slightly around 0.8900 ahead of the BoE/ECB. The  EUR/GBP  cross gains momentum for the fourth day in a row, reaching the area of 0.8900 on Thursday, at its highest since late September. Expectations of future interest rate increases by the European Central Bank (ECB) in the following months continue to boost the common currency. The recent hawkish remarks by numerous ECB officials, which serve as a tailwind for the EUR/GBP cross, confirmed the bets. The relative underperformance of the pound is also likely attributable to rumors that the Bank of England (BoE) is approaching the end of its cycle of rate hikes. Read More... EDGE-FOREX

  A major advantage of forex trading is that the forex market is open 24 hours a day, five days a week. Markets move based on news, so economic data is often the most important news for short-term movements. This is especially true for the forex market, which reacts to US economic numbers and news from around the world. Before you develop a strategy for forex trading with news, you need to consider which news events are most relevant to forex trading and worth trading. When trading news, you first need to know what releases are actually expected this week. It is also important to know what data is important. Generally, the most important information relates to changes in interest rates, inflation and economic growth, such as retail sales, manufacturing and industrial production. Read More... EDGE-FOREX

  Singapore dollar Strength Continues: USD/SGD is oversold, as it recently tested key support on the lower edge of the channel. This suggests that the four-month slide may be losing steam given how close USD/SGD is to its 2018 low. A positive momentum divergence (lower lows in price associated with a slowdown in 14-day Relative Strength Index) indicates that this decline might not be as strong as previously thought. Read More... EDGE-FOREX

  All About Risk Management Here are four blunders you must avoid at all costs while trading: Do not Invest without a proper strategy. Emphasizing the necessity of having a trading strategy is simply not enough. Trading without a strategy is nothing more than a game of chance waiting for a terrible outcome.  Diversify your trading portfolio. One of the most crucial aspects of investing and  trading  is diversification. It indicates that you don’t invest all of your money into one item; it’s important to diversify your portfolio. However, while trading Forex, a large number of pairings are connected. Your transactions may appear to be diverse, but they really coincide and will proceed in the same direction. If your analysis is accurate, you could gain a lot of money, but if it isn’t, you could lose a lot of money. Make sure that the deals you make during the day are unrelated. Read More... Click here to see the video..