Edge-Zorin2

  NZD/USD is under pressure from many sources and falls to its lowest point since April 2020. Bets on the Fed raising rates more aggressively help the USD quickly recover from a one-week low. Fears of a recession help the safe-haven dollar even more while hurting the risk-averse kiwi. The NZD/USD pair continues to see strong selling pressure for the second straight day on Tuesday, adding to the small losses from the previous day. During the first part of the European session, the negative trend drives spot prices to their lowest point since April 2020. Bears are now watching for a sustained breach below the 0.5900 barrier. Read More... EDGE-FOREX  

We’ll look at what traders need to know about the Consumer Price Index to make wise selections as we examine CPI and FX trading in this post. We’ll discuss the basic idea behind CPI, the dates on which it is released, how to understand CPI, and what factors to consider while trading forex using CPI data. WHO ARE FOREX TRADERS, AND WHY DO THEY CARE ABOUT CPI? The Consumer Price Index, often known by its abbreviation CPI, is an essential economic indicator regularly issued by major countries to provide a convenient window into current growth and inflation levels. As measured by the CPI, inflation focuses on the growth in prices of goods and services in an economy and the impact on buying power, which may affect a country’s monetary policy. The consumer price index, or CPI, is derived by averaging price increases for each item in a preset basket of consumer products, such as food, energy, and services like medical care. DATES OF CPI RELEASES The CPI is typically released mo...

  Talking points: GOLD, US Federal Reserve, Inflation, and Ukraine. As markets analyzed the Federal Reserve Commentary, gold prices started to decline. The rate increase was anticipated, but maybe less so the blatantly hawkish tone. There are subtle hints that the metal may have endured enough pain for now. On Thursday, gold prices were momentarily pushed to 29-month lows of $1,654/ounce as the US Dollar continued to gain from strong demand for haven assets. Vladimir Putin’s unprecedented military buildup has kept Ukraine at the forefront of fundamental trade, drawing the expected scorn and hostility from the West and other countries. Although the three-quarter point increase in interest rates announced by the US Federal Reserve on Wednesday was generally predicted, the central bank’s concomitant prognosis may have been even more pessimistic.  Read More.. EDGE-FOREX

  In this article, we have covered the highlights of global market news about the  USD/TRY Pair , AUD/USD Pair ,  EUR/USD Pair and  USD/CAD Pair . USD/TRY Price Analysis: Hovers near all-time highs at 18.40, suggesting a minor correction. The USD/TRY pair is trying to break above the consolidation that occurred in the early European session in a limited range of 18.30-18.40. After rising over the crucial level of 18.25, the asset has been held by bulls for the last week. On Wednesday, the major printed at a new record high of 18.41 despite aggressive Federal Reserve (Fed) policies. The USD/TRY pair has re-entered the record highs on a daily basis after surpassing the high of 20 December 2021 at 18.39. The asset is now trading at all-time highs at 18.40, but the likelihood of a little pullback is increasing as the upward momentum shows symptoms of tiredness. The 20- and 50-period Exponential Moving Averages (EMAs), which are scaling higher and...

  TECHNIQUES FOR FOREX ANALYSIS TALKING POINTS: Forex traders may predict market movements and analyze patterns using one of three broad forms of analysis. To suit their personalities and trading styles, traders often use one or a mix of FX analysis techniques. It might be helpful to find trades using the analytical technique in the forex practice account. There are many different techniques to examine the FX market to prepare for trading. Although there are many kinds of analysis, traders should simplify their research to spot potential trading chances. The three most popular forex analysis methods—fundamental, technical, and sentiment analysis—are examined in this article and how they influence trading strategies . After that, it is up to each trader to choose what kind of analysis best matches their trading style. Read More... EDGE-FOREX  

  After touching its lowest level since 1985 earlier on Wednesday, the GBP/USD pair has recovered a few pips since then. A retreat throughout the trading session in the rates on US bonds puts a ceiling on advances for the USD and provides support for the pair. A bullish conviction is missing from the attempted rebound, which comes ahead of the highly anticipated FOMC announcement. The British pound to United States dollar currency pair finds some support close to the 1.1300 level and recovers a few pips after touching its lowest level since 1985 earlier on Wednesday. On the other hand, the pair trades in the red for the second day in a row and is presently trading slightly below the middle of the 1.1300s, reflecting a loss of around 0.30% for the day. Various variables help the US dollar to achieve significant follow-through impetus, which, in turn, puts negative pressure on the GBP/USD pair. The dollar continues to get support from investors’ expectations that ...

  In this article, we have covered the highlights of global market news about the  USD/IDR, USD/JPY , USD/CAD and  AUD/USD . USD/IDR Price News: Indonesian rupiah buyers struggle below $15,000 as BI and Fed rulings loom During Tuesday’s Asian session, the USD/IDR pares intraday losses at $14,980, consolidating the two days’ losses that reached their biggest levels since late July. In doing so, the coupling between the US Federal Reserve (Fed) and the Bank Indonesia’s monetary policy meetings and the Indonesian rupiah (IDR) explains the market’s apprehension (BI). The recent decline in the IDR may be related to the pessimistic remarks made by the international credit rating firm Fitch, which said that “profits of Indonesia’s contemporary food stores are anticipated to come under pressure from reduced consumption owing to increasing inflation.” The bulletin also said that the BI recorded much higher inflation in August 2022, coming in at 4.69% from 1.59% in A...

  THE IMPACT OF CENTRAL BANKS ON THE FOREX MARKET In order to promote long-term economic development and contribute to the general stability of the financial system, central banks are primarily responsible for managing inflation . When required, central banks will act in the financial markets in accordance with the established “Monetary Policy Framework.” Since they want to profit from the ensuing currency swings, forex traders closely watch and anticipate the adoption of such policies. The major central banks’ functions and the ways in which their policies impact the world’s FX market are the main topics of this essay. CENTRAL BANKS: WHAT ARE THEY? Central banks are autonomous organizations that are used by countries all over the globe to help manage their commercial banking sector, determine central bank interest rates, and advance financial stability throughout the nation. Read More... EDGE-FOREX  

In this article, we have covered the highlights of global market news about the  USD/JPY,   Natural Gas ,  USD/CAD  and  NZD/USD . USD/JPY is set to continue consolidating, according to UOB Lee Sue Ann and Quek Ser Leang, FX Strategists at UOB Group, believe that the USD/JPY will continue to trade in a sideways fashion between 141.00 and 145.00. View for the next 24 hours: “We said last Friday that “the price actions seem to be part of a consolidation” and that we anticipated the USD to “trade sideways within a band of 142.60/143.70.” Despite the fact that our prediction of sideways trading was not incorrect, USD traded inside a smaller range than anticipated (142.82/1.43.68). The US Dollar has a negative bias today due to the weakening of the underlying tone. Any weakness, however, is most likely restricted to a test of 142.20. (minor support is at 142.50). Resistance is found at 143.30, then 143.60. The next 1-3 weeks: “Our most recent analys...

  In this article, we have covered the highlights of global market news about the  Canadian Dollar,  GBP/USD ,  XAU/USD, XAG/USD  and S&P 500 . Canadian Dollar Forecast: CAD Struggles Due to Technical Issues and Low Oil Prices The Bank of Canada (BOC) increased interest rates by 75 basis points last week, making it the fourth significant rate increase since March. The BOC claims that in order to get inflation below its target rate, a further downturn in family demand is necessary. The CAD did gain some strength as a result of the attempt to frontload rate increases. Since then, we have seen a general return of CAD weakness as the USD and the EUR have risen. Given the FOMC meeting the following week, there is a good chance that the Canadian Dollar will get some relief if the Fed’s view is less hawkish than anticipated. It is not advisable to be committed to any long-term bias at this time given the fluctuating emotions and in particular with t...

  Human error is widespread in the forex market and often results in well-known trading blunders. These trading errors often occur, especially with new traders. Having an awareness of these mistakes might make traders more effective in their forex trading. Despite the fact that all traders, regardless of experience level, make trading errors, being aware of the reasoning behind them may help to stop trading obstacles from becoming out of control. The top 10 trading errors and solutions are listed in this article. These errors are a part of the ongoing learning process, and traders should get used to them to prevent repeating blunders. Consider these 10 common trading blunders you must avoid before starting a forex trading strategy since they account for a large share of losing transactions. MISTAKE 1: NO TRADE PLAN Without a trading plan, traders’ approaches are often haphazard since their strategies are inconsistent. Trading strategies have established rules and me...

  APAC, MARKET SENTIMENT, CHINESE DATA, USD/CNH, CHINESE YUAN, and TECHNICAL OUTLOOK – TALKING POINTS After US stock indexes decline, risk-off trading is expected in the Asia-Pacific region. The August economic statistics for China will be released when the USD/CNH increases. After breaking beyond the crucial 7 barrier, the USD/CNH upswing may continue. As a result of the market attitude deteriorating overnight during New York trade, a risk-off opening for Asia-Pacific trading is imminent. US market indices declined as conflicting economic data had no effect on wagers on a rate rise by the Federal Reserve. The odds of a 100-basis point rate increase at the FOMC policy statement next week are 22.1%, according to Fed funds futures. The benchmark S&P 500 fell 1.13% to settle at its lowest point since mid-July. In Friday, options worth slightly more than $3 trillion are scheduled to expire on US equities markets. In April 2020, gold reached its lowest point since ...

In this article, we have covered the highlights of global market news about the  USD/CHF,  USD/CNY ,  EUR/USD  and the  EUR/GBP . USD/CHF approaches weekly high; bulls anticipate sustained gain over 50 DMA. On Friday, the USD/CHF pair attracts new bids and reaches a brand-new weekly high in the early European session. Bulls, on the other hand, find it difficult to seize the opportunity or get acceptance above the 50-day SMA, and the intraday move-up pauses just before the mid-0.9600s. The US dollar is once again in demand and recovers from an early decline to a multi-day low, which ends up being a major driver of the USD/CHF pair’s upward movement. The USD continues to be supported by expectations that the Federal Reserve will raise interest rates more quickly in order to control inflation. The Tuesday’s higher US CPI data confirmed the wagers. In fact, the markets have already factored in the prospect of a full 100 bps rate rise at the forthcoming...

  WHAT IS AN ENTRY POINT FOR FOREX? The level or price at which a trader begins a transaction (buy/sell) is known as a forex entry point. A trader’s choice of a forex entry point might be difficult due to the large number of variable factors that affect the forex market . The following entry tactics will be discussed in this article’s section on how to enter a forex trade: Trend channels Breakouts Candlestick patterns WHEN IS THE BEST TIME TO PARTICIPATE IN A FOREX TRADE? Depending on the trading style and approach, there is an optimum moment to initiate a forex transaction. There are many other strategies, and although the three that are covered here are common strategies, they do not aim to cover all of the options. Read More...   EDGE-FOREX

  FX INTERVENTION OR PERSONNEL FROM JAPAN CONTINUED TO “JAWBON”? Strategist Nick Cawley emphasized an increased sense of urgency from Tokyo regarding unwelcome volatility in the foreign exchange markets in yesterday’s Japanese Yen report. Additionally, Reuters claimed that the Bank of Japan conducted “checks” in the currency market, citing a market source, suggesting that FX intervention may be in the works. After Chief Cabinet Secretary Matsuno declined to comment when questioned about the check, more rumour started to circulate. Keep in mind that before Japan can directly intervene in the FX market , it needs the G7 nations’ approval and, more importantly, the United States’ consent. The U.S. has benefited from a stronger dollar by having more purchasing power, so it might not be ready to see its value fall just yet. The Fed’s persistence in escalating rate hikes also contributes to a stronger dollar as bond yields rise, making intervention less effective. Read More...

  In this article, we have covered the highlights of global market news about the Gold Prices,  AUD/USD ,  USD/JPY and the  Canadian Dollar . Gold prices are in danger as FOMC wagers increase. U.S. retail sales could cause a crash. During Wednesday’s New York trading, gold prices dropped under the 1,700 level, putting the yellow metal in danger of a potentially jarring decline. The US dollar and short-term Treasury yields were helped by the US inflation data, which also sent Federal Reserve rate hike bets soaring. The week will be concluded by the US retail sales report for August, which is due at 12:30 GMT on Thursday, and the September consumer sentiment report from the University of Michigan, which is due on Friday. Those occurrences could be crucial for bullion prices because they will probably affect FOMC market pricing. A 100 basis point rate increase is one in four likely, according to Fed funds futures. If those odds rise, gold’s value as a fina...

  As an avid trader or a simple observer of financial markets you have often encountered the term bullish or bearish market, and markets are often described as bullish or bearish. But what exactly does it mean when analysts announce that the market will be bullish, or warn that the market trend is bearish? Understanding the bullish vs bearish markets is important for the trader to navigate the different market conditions and see their various effects. Bullish vs Bearish Explained Experts in the financial sector often refer to markets as bullish or bearish based on price movements that are either positive or negative. And when analysts throw the word “bear market” or “bull market” they describe whether the market is optimistic (going up or may rise) or hopeless (going down or possibly down). The main difference between bullish and bearish markets is that confidence is high and prices are rising or low and prices are falling. Specifically, the words bullish and bearis...

For many years, there has been speculation about major forex trading platforms embracing blockchain technology. Some of the most notable instances of this discourse came to life in December, when HSBC and Wells Fargo adopted blockchain to settle bilateral foreign exchange deals. To support forex trading “using real currency and real accounts,” the two banks have started collaborating with the Core-FX distributed ledger created by Baton Systems. Many people have been eager to witness this account for a long time. It is amazing. However, what will the shift mean for traders, given that it seems blockchain technology in FX is finally becoming a reality? Accuracy and Precision The blockchain is built from the ground up to enable exact and accurate transactions, sometimes via simple buy and sell orders and other times through the implementation of smart contracts (which traders can use to put in orders, set limits, etc.). Furthermore, the procedure is becoming even more pr...

  The first thing any forex investor should do is choose a currency pair in which to invest and it is clear that the euro-dollar is not the same as the euro dollar. To get started, we need to be clear about what a currency pair is and how it is formed, as simple as buying one currency and selling another completely at the same time. Knowing this, the next step is to understand that pairs are presented in a clear way. For example, EUR / USD, USD / GBP, JPY / EUR, etc. If we see a pair, such as USD/EUR 0.800, the indication that this unit of the original currency from the left, in the example of the US dollar, is equal to the amount we get in the currency on the right, that is, the US dollar buys 0.800 units per euro. Translated into simple language, that for one dollar we can buy 0.8 euros. This applies to any pair we come across. It is easy to understand and use. In contrast, in EUR / USD, the opposite pair, it is estimated how many dollars can be bought for on...

  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  

In Tuesday’s Asia-Pacific trade, both the price of WTI oil and the price of Brent crude fell. The inventory statistics from the United States will be in the spotlight in the days ahead as China’s Covid difficulties continue. The price of WTI crude oil is in a negative technical stance below its key moving averages. As the week got started, the price of crude oil went up due to a weaker dollar as well as supply worries, which stimulated purchasing. However, as trade in Asia and the Pacific region continues, prices for West Texas Intermediate (WTI) and Brent oil are beginning to retreat. The failure of discussions between Tehran and Washington to reach an agreement contributed to the rise in prices. The answer that Iran gave to a proposition that was offered by the European Union left Western officials feeling dissatisfied. Iran is demanding that the International Atomic Energy Agency (IAEA ) put an end to its inquiry, but the United States and the European Union would no...

  In this article, we have covered the highlights of global market news about the  NZD/USD, GBP/USD ,  USD/CHF and the  EUR/USD. NZD/USD: Technical bounce off 0.60 appears more safe currently – ANZ NZD/USD is maintaining its mid-0.61 range. According to experts at ANZ Bank, today’s US CPI data and tomorrow’s or Thursday’s NZ data will be key. “The US Dollar Index has decreased for three straight days and is now 2.2% below 20-year highs reached last week. This correction has occurred at the same time as bond rates have recovered ahead of the US CPI and that market expectations have increased for the Fed Funds rate to reach its cycle-high of 4%. The move seems a little strange from that (USD-centric) angle, but the EUR’s recovery on reports that Ukraine had reclaimed ground and the ECB’s hawkishness are what are now driving the foreign exchange markets. Due to its complexity and potential for volatility, we are cautious. This week’s NZ C/A and GDP st...

  Forex trading is a term used to describe people involved in the effective exchange of foreign currency, usually for the purpose of profit or financial gain. That could take the form of speculators, who want to buy or sell money for the purpose of profiting through the price movement of money; or it could be a fence aimed at protecting their accounts in the event of a breach of their financial position. The term ‘forex trader’ can refer to each trader in the trading platform, a bank trader using their institutional platform, or hedgers who may be carrying their own risk or withdrawing that activity from the bank or financial manager to manage the risk on them. The foreign exchange market, or forex (FX) for short, is a low-level market place that enables the buying and selling of various currencies. This happens over the counter (OTC) instead of the intermediate exchange. Unbeknownst to you, you may already be participating in the foreign exchange market by ordering ...

  The purpose of the moving average is to smooth out fluctuations in the market that only last for a short period of time. Because MA represent an average decline in value over a certain period of time, they make it possible for traders to determine, in a straightforward manner, the general direction in which the market is moving as a whole. A further advantage of the MA is that it is a customizable indicator. This enables traders to choose the time frame that is most appropriate for the trading goals that they have set for themselves. Moving averages are often used for market entry, as well as for evaluating the levels of possible resistance and possible support. When the price of the security is trading below the (MA), the moving average often acts as a resistance level; conversely, it frequently acts as a support level when the price of the security is trading above the MA. Read More... EDGE-FOREX  

What is the Relative Strength Index (RSI)? The Relative Strength Index is a momentum indicator is used in technical analysis. It measures the magnitude of recent price changes to assess overbought or oversold conditions in the price of a stock or other asset. It is displayed as an oscillator (a line chart that moves between two extremes) and can have a value between 0 and 100. The indicator was originally developed by J. Welles Wilder Jr. and introduced in 1978 in his seminal book “New Concepts in Technical Trading Systems”. Traditionally, the Relative Strength Index has been interpreted and used to mean that values of 70 or above indicate that a security is overbought or overvalued and may be poised for a trend reversal or corrective price decline. An RSI reading of 30 or below indicates an oversold or undervalued condition. Read More... EDGE-FOREX    

There are many various kinds of forex traders, and each requires a unique strategy. Whether you choose for the slow-paced marathon of position trading or the rapid-fire sprint of day trading, choosing the best style for you will increase your chances of success. Continue reading to discover more about the many forex traders that participate in the biggest market on earth. THE SIX TYPES OF FOREX TRADER Scalpers, day traders, swing traders, position traders, algorithmic traders, and event-driven traders are the six main trading categories that most forex traders fall under. Find out which kind best fits you by taking our DNA FX quiz! Discover the best character attributes for each type by reading about the various kinds below. Scalper Scalpers are traders that only maintain positions for brief periods of time, often between a few seconds and a few minutes. Forex scalping tactics entail frequent trading throughout the day with the goal of making modest profits during the ...

  In this article, we have covered the highlights of global market news about the  USD/CAD, Gold ,  Silver and the Indian Rupee. USD/CAD Holds Above 1.30 in the Weekly Technical Prediction for the Canadian Dollar After a substantial change in the dynamics of the job market on Friday, the Canadian dollar lost a large portion of its gains. The story swiftly swung back in favor of the U.S. dollar, which continues to be supported by an active Federal Reserve, a solid economy, and safe-haven demand as recessionary worries mount, notwithstanding the Bank of Canada’s (BoC) earlier 75bps interest rate hike. From a CAD standpoint, crude oil may face significant downward pressure as demand destruction gains favor, leaving the Canadian dollar vulnerable to additional weakness. The focus of the next week’s economic calendar (see below) will be on U.S. fundamentals, particularly inflation. While an increase might support the Fed’s already hawkish attitude, a continua...

Forex brokers usually start with regulation in only one country. It is usually not easy to get such a license, especially in countries with stricter regulations. New brokers usually start with regulation in a single country and then seek licensing in other countries where they wish to operate. It is usually easier for forex brokers to obtain some sort of regulatory approval even in countries where they are not physically located if they want to actively market their services there. One of the most important criteria for traders when choosing a forex broker is the regulatory status of the broker and under which regulatory body the broker is regulated. Unregulated Forex / CFD brokers are risky places for traders to deposit funds, and traders who do so are likely to find that they have no effective remedy for losses caused by dishonesty or incompetence. In the following list, we present the main regulatory bodies by country that are most relevant to Forex / CFD brokers...

  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  

  Whether it is forex trading or any other form of trading which involves highs and lows, the trader’s mindset plays a vital role in his moves. Abrupt and instinctive decisions may not be fruitful in the long run as it is not a lottery. Proper analysis and strategy are required to become a successful trader. Every move in the forex market will either benefit you or prove to be a loss for you. It can be quite stressful to handle all ups and downs but if you are really into trading and want to make it work, you should set up your mind in that way. Trading psychology involves all the emotions that a trader experiences when he is either about to make a crucial decision or when he has gained or lost in the market. The most prevalent emotions that every person dealing in trading will experience are fear, anxiety, nervousness, and greed. Fear is a constant feeling when you are trading either in forex or in shares. You don’t know what the coming time is going to bring you. ...

The USD/CHF exchange rate fell for the second consecutive trading day, reaching a new low that’s more than a week old. The decline could be entirely attributable to some technical selling, which occurred in conjunction with muted demand for USD. Bets on aggressive rate hikes from the Fed in an effort to prop up the USD and limit losses in advance of Powell’s speech On Thursday, the United States Dollar to Swiss Franc currency pair extended the retracement decline that began the previous day from the highest level since July 14 and edged down for the second consecutive day. This also represents the fourth day of a negative move in the previous five, which has dragged spot prices to almost a one-week low, which was below the middle of the 0.9700s during the first part of the European session. It turns out that the overnight inability to gain acceptance above the mid-0.9800s was a crucial element that prompted some technical selling around the USD/CHF pair. A muted pri...

  In this article, we have covered the highlights of global market news about the  GBP/USD, GBP/JPY ,  EUR/USD  and  USD/CAD. GBP/USD fails to get momentum, remaining on the defensive around 1.1500. The GBP/USD pair oscillates in a range on Thursday as it fails to build on the previous day’s recovery from the area of 1.1400, or the lowest level since 1985. Early in the European session, the pair is observed trading at the 1.1500 level, and it seems susceptible to continuing its roughly one-month-old bearish trend. Concerns about the UK debt market are increased by the incoming British Prime Minister Liz Truss’s planned £30 billion in tax savings and a ceiling on family energy costs. Additionally, during their Wednesday testimony before the Treasury Committee of Parliament, Bank of England officials did not support the case for a more aggressive rate rise. This is seen as a significant element that keeps the British pound in the red and works ag...

  Multi-time frame analysis, sometimes referred to as multiple time frame analysis, enables traders to concentrate on the timing of transactions and may assist in determining when trends may be nearing their conclusion. This article will describe how to apply this concept to the EUR/AUD currency pair. MULTI-TIME FRAME ANALYSIS BENEFITS Pitchforks and median-lines, as discussed in earlier articles, are used to identify important price response zones. To provide a more comprehensive picture of current market patterns, these same ideas may be extended to other time intervals. The objective is to “see the forest through the trees,” or, in other words, to always have a more comprehensive understanding of where the market is in relation to trend before initiating a trade based on a certain setup. We can find potential entry opportunities inside a particular price increase or decrease and aid in timing these movements by looking at price behavior in different periods. Read ...

  On Wednesday, the USD/JPY pair continues its strong upward momentum, building on the previous day’s spectacular rise and gaining significant follow-through impetus. During the first half of the European session, the pair reaches a new high point not seen in the previous 24 years; it is now trading barely over the 144.00 middle point. The sharp decline in the value of the Japanese yen continues to be a primary topic of discussion among market participants, notwithstanding the significant gap that exists between the monetary policy stance taken by the Bank of Japan and those of other major central banks. It is important to point out that the Bank of Japan has been falling behind in the process of normalizing its monetary policy and is still committed to continue with its easy monetary policy. This, in addition to a minor rebound in equities markets, weighs hard on the safe-haven JPY, which continues to drive the USD/JPY pair higher as a result of the trend. Tra...

  In this article, we have covered the highlights of global market news about the  EUR/GBP, XAG/USD ,  EUR/USD  and  USD/CNH. EUR/GBP slowly rebounds up around the mid-0.8600s after falling to a one-week low. On Wednesday, new bids are received on the EUR/GBP cross, which ends a two-day losing run and drops to a one-week low at the 0.8565 area hit the day before. In the first half of the European trading session, the cross continues to rise during the day and reaches a new daily high in the range of 0.8630 and 0.8635. The relative success of the common currency over the pound comes despite mostly better-than-expected economic data from the Eurozone. In contrast to the 0.4% drop predicted, German Industrial Production declined by 0.3% in July, according to official figures published earlier this Wednesday. Additionally, the initial estimate for the second quarter of 2022’s GDP for the Eurozone was revised upward to reflect growth of 0.8% rather...

  WHY SHOULD YOU USE A TRADING CHECKLIST? Using a trading checklist is essential in the trading process since it encourages discipline, helps traders follow their trading strategy, and boosts confidence. Keeping a checklist gives traders a list of inquiries they must respond to before making transactions. CHECKLIST FOR YOUR TRADING Before starting a deal, consider the following: Is the market trending or ranging? Is there a considerable amount of support or resistance nearby? Is there an indicator supporting the trade? What is the ratio of risk to reward? How much money am I putting at risk? Are there any major economic releases that might influence the trade? Am I sticking to the my plan? Read More... EDGE-FOREX  

  EUR/GBP update: As the pound makes a comeback, bullish sentiment begins to wane. On Thursday, ECB. The challenges facing the next prime minister include inflation, oil prices, and a slowing economy. GBP/USD recovers from the trough due to fresh PM optimism. A HUGE UNDERTAKING PASSES TO THE NEW PRIME MINISTER The pound has recovered from its lows thanks to a number of recent events, but it’s hard to support the notion of a long-term positive trend. The nomination of Liz Truss as the head of the conservative party, who will formally take office as the next prime minister of the UK later today, seems to have the support of the markets. With virtually little positive news on the horizon, the pound has managed to hold its own against what has been an extraordinarily extended stretch of sterling falls. With tax breaks mentioned as one of the strategies to ease the present cost of living issue, Truss launched a campaign that made bold pledges to help people during this ...

  In this article, we have covered the highlights of global market news about the  USD/CAD, NZD/USD , EUR/CHF  and  USD/CNH. USD/CAD will go below 1.25 in the first quarter of 2023 – ING The USD/CAD pair is trading far over the 1.30 psychological barrier. Despite this, the analysts at ING anticipate that the pair will go in the other direction and drop to below 1.25 in the first quarter of the following year. There is still a solid foundation for a CAD comeback. There is still some wiggle area for a hawkish repricing in the Bank of Canada’s rate forecasts, which might help sustain the Canadian dollar. Because of its modest exposure to Europe and China and its good carry, the Canadian dollar is expected to continue to be the most desirable currency for trading commodities over the next several years. Read More... forex managed accounts  

  The price of silver is off to a strong start this week, up 0.30% so far. The G7 ministers have imposed a cap on the price of Russian oil, and Russia has stopped exporting gas, which is making Europe’s energy issues much worse. Real rates in the US are still more than 0.70 percent, but they are over ten basis points (bps) down from the day’s highs. Despite low liquidity circumstances due to the fact that US markets were closed for Labor Day, the price of silver managed to claw back some lost ground on Monday, rising by more than 0.50%. In the meanwhile, the energy situation in the common union is becoming worse since Gazprom has stopped delivering gas to Europe as a form of retribution for a G7 summit that set a quota on Russian oil. As this article is being written, the XAG/USD exchange rate is now trading at $18.08, which is higher than its starting price. As a reflection of the worsening global situation, equity markets throughout the world are trading in the...

  One of the first benefits of forex trading that a trader is likely to encounter is the forex market’s greater liquidity than other marketplaces. According to the 2016 triennial report of the Bank of International Settlements , the most recent estimates show a daily traded volume of around $5.1 trillion. WHAT IS IT, AND WHY IS IT IMPORTANT? It refers to a currency pair’s capacity to be exchanged (bought/sold) on demand in the forex market. When you trade the most significant currency pairings, you do it on a very liquid market. However, you trade using the financial institutions’ available liquidity, which allows you to enter or exit the transaction (currency pair) of your choice. Not every pair of currencies is liquid. In actuality, currencies’ liquidity tends to fluctuate depending on whether they are major, minor, or exotic pairings (including emerging market currencies). Forex liquidity decreases as traders go from major to minor pairs, then to exotic pairs. ...

  In this article, we have covered the highlights of global market news about the  GBP/USD, EUR/USD, XAU/USD  and  USD/CNH . GBP/USD: Sellers will predominate until 1.1550 becomes support. The GBP/USD exchange rate recovered a significant percentage of its daily losses after falling to its lowest point since March 2020. But below 1.1550, the negative tendency is still there, according to Eren Sengezer of FXStreet. “The Conservative Party leadership contest is largely anticipated to be won by Liz Truss. Because players are waiting to see what the new PM will do to support families in the face of rising energy bills, market activity is expected to be subdued. Furthermore, Brexit is still an open question that will probably make it challenging for the pound to stage a significant recovery. “In the event that cable makes a technical repair, temporary support at psychological level 1.1500 (static level) is formed before 1.1550.” (static level, the upper...

Many individuals believe that trading foreign currency (FX) takes a lot of time since market research and opportunity identification are involved. However, because FX is available around-the-clock, part-time day traders can more easily profit from currency trends since they are not constrained by the hours that an exchange is open for business. Therefore, those who cannot afford to devote a lot of time to trading may find that forex trading is convenient. PART-TIME DAY TRADING – KEY TALKING POINTS Reasons to Trade Forex Part-Time Benefits of Trading for Shorter Term. How part-time traders may increase productivity? For Part-Time Traders, an Effective Breakout Trading Strategy . WHY PART-TIME FOREX TRADING? TRADING FOR SHORTER DURATIONS HAS ITS ADVANTAGES Read More... EDGE-FOREX    

  In this article, we have covered the highlights of global market news about the  Bitcoin, Ethereum, Canadian Dollar, Australian Dollar and  S&P 500 . Forecast for the Upcoming Week for Bitcoin and Ethereum Bitcoin: The Path of Least Resistance Is Tilted Negatively Path of Least Resistance for Bitcoin Is Tilted Down. As tight ranges are maintained, Bitcoin is still circling the $20,000 level. Weak gains in the bitcoin market indicate that we could have reached a temporary top above $25,000. While global bond rates are rising and the USD is getting stronger, momentum indications are still negative, and the macroeconomic outlook is also unfavorable. With an eye on a test of the 17500 lows, the downward is the direction of least resistance. Given the excitement around Merge for Ethereum in recent months, it has seemed as if Bitcoin has been somewhat left behind, which may help to explain why upside in Bitcoin has been difficult to come by. Read More......

What is NFP Data? One of the most important economic indicators for the US economy is the non-farm payroll (NFP) data. It shows the amount of new employment created, excluding those at farms, in government, in private households, and at charitable organizations. In the FX market, NFP announcements often result in significant changes. The NFP data is typically made public at 8:30 AM ET on the first Friday of every month. This article will discuss the significance of NFPs in economics and how to use NFP release information into a forex trading plan. Read More... EDGE-FOREX    

  Talking points include the S&P 500, FED, Boston, China, Crude Oil, OPEC+, US Dollar, Gold, and NZD. Going into Friday’s session, the S&P 500 has had a respite. Chinese lockdowns and Fed tightening are lowering economic expectations. All eyes will be on today’s US non-farm payrolls. The S&P 500 will it rise? The S&P 500 originally tested lower before ending the cash session up 0.30%. Futures indicate that trade will begin slowly today. The aggressive stance of the Federal Reserve and China’s meagre economic prospects seem to be obstructing the prognosis for global growth. Raphael Bostic, president of the Atlanta Federal Reserve , added to his overnight hawkish commentary by stating that “when you push demand down, it carries the potential of slowing the economy down.” Additionally, he used the R-word. The yield on 2-year Treasury bonds is still close to a 15-year high. As long as the zero-case Covid-19 policy is in effect, the Chinese city of Chengdu ...

  In this article, we have covered the highlights of global market news about the  USD/JPY,  USD/TRY , EUR/USD and  NZD/USD . USD/JPY maintains a solid upward trend – UOB Lee Sue Ann and Quek Ser Leang, FX Strategists at UOB Group, predict that the USD/JPY pair might rise to 141.50 on closing above 1405.50. View for the next 24 hours: “Yesterday, we maintained the position that ‘the quick improvement in momentum is expected to lead to more USD strength towards 140.00’. The next barrier is at 140.50, and we emphasized that “a break of this key obstacle is not ruled out.” Our assessment was correct as the USD rose to a high of 140.22. Even if overbought circumstances indicate that the USD may not be able to keep a footing over 140.50, more USD gain is expected. A violation of 139.35 (minor support is at 139.65) would signal a downward pressure decrease on the downside. Read More... forex trading  

  Selling a borrowed share of stock with the intention of repurchasing it at a later date at a lower price and keeping the difference is known as shorting the stock. An active trader’s strategy often includes short selling since it gives traders the opportunity to profit from both rising and falling markets. This article highlights the most significant factors to take into account when shorting stocks and uses examples to clarify what short selling is, why it is important, and what it is not. WHAT IS SHORT SELLING, AND WHY DO WE DO IT? Short selling is borrowing shares from a broker, selling them at the going rate, and then purchasing them again at a lower rate to give the shares back to the broker. Just why short stocks? The answer to this question has many facets, but in general, shorting stocks offers a chance to profit from a drop in the price of a share. Some people believe that short selling is immoral since it effectively predicts that a company’s stock pri...

  Despite a larger-than-expected fall in US inventories, the price of oil trades at a new weekly low ($88.27). Crude may continue to give up the climb from the monthly low ($85.73), as it looks to be reversing direction after challenging the 50-Day SMA ($96.34). CRUDE OIL PRICE REBOUNDS AFTER 50-DAY SMA TESTING For the second day in a row, the price of oil looks to be falling in response to the moving average’s negative slope. Crude may continue to fall in the days to come since it doesn’t seem to be affected by recent events in the US. The Organization of Petroleum Exporting Countries (OPEC) may be influenced by the data prints, though, as the 3.326 million decline in US inventories indicates strong demand. It is unclear whether OPEC will change its output plan at its next ministerial meeting on September 5, as the most recent MOMR warns that “for 2022, world oil demand is foreseen to rise by 3.1 mb/d, a downward revision of 0.3 mb/d from last Read More... EDGE-FORE...

  In this article, we have covered the highlights of global market news about the  NZD/USD, XAU/USD , USD/JPY  and  GBP/USD . NZD/USD recovers from a multi-week low and reclaims 0.6100; upward potential seems restricted. The NZD/USD pair halts its intraday decline at the 0.6075 area and rises a few points from the Thursday when it reached its lowest point since July 14. Early in the European day, spot prices rise again above the 0.6100 level, but further major gains remain difficult. The US dollar is unable to gather any real momentum and continues its retracing price movement slightly below this week’s 20-year top. In addition, the NZD/USD pair receives some support from the 1-hour chart’s slightly oversold RSI, which aids in the tiny rebound. Even yet, the USD continues to benefit from hawkish Fed predictions. This should, at least temporarily, prevent the major from seeing any significant rebound because to the general risk-off attitude. Read More... f...

Trading involves forex speculation, which is the name of the game. Every trader, at some time or another, has to click ‘buy’ or ‘sell’ and commit to a position based on their research even if there is no assurance of success. Unfortunately for traders, the market may have a totally different perspective on the market, which may cause them to take a minute to reflect seriously. This article discusses the following and attempts to answer some of those challenging questions: What exactly does market speculation in foreign exchange mean? What happens if everything goes wrong? Top 4 suggestions for speculating like a pro trader. WHAT IS FOREX MARKET SPECULATION? Buying and selling currencies on the foreign exchange market for the purpose of profit is speculation. Because no one can predict with confidence whether the market will move up or down, it is known as speculation. Before entering a transaction, traders evaluate the probability of both possible outcomes. Read More......

  Inflation in the Eurozone reached a new high in August, and analysts anticipate that it will continue to climb in the months ahead. According to statistics provided by Eurostat, the acceleration of price increases for food, alcohol, and tobacco contributed to the jump in August’s overall inflation rate. Year-over-year price increases for these categories reached 10.6% in August, compared to a rise of 9.8% in July. As a result of the ongoing spike in the cost of natural gas, it is anticipated that inflation will rise even more in the coming months across the Eurozone, with the possibility of reaching double digits. As a result of soaring energy costs even before the beginning of the heating season and the reversal of certain German subsidies, it is likely that inflation will continue to grow and reach over 10% before reaching its highest point during the holiday season. Read More... EDGE-FOREX  

  In this article, we have covered the highlights of global market news about the EUR/USD, USD/CAD, GBP/USD and USD/CNH EUR/USD loses momentum, putting parity to the test; look at EMU CPI Alternating trends in the risk complex continue to drive the EUR/USD market action, which is currently exerting some downward pressure on the parity zone. The risk complex’s improved outlook, which was recently supported by better-than-expected Chinese NBS Manufacturing PMI for the current month, causes the EUR/USD to lose some of its early euphoria (49.4 act). With recent rumours about the extent of the upcoming interest rate increases by the Federal Reserve and the ECB in September, the continuous selling bias in the dollar has also been contributing to the recent rebound in the pair. Read More... forex managed account services