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On Thursday, USD/CAD moved a little higher, but there is no sustained purchasing to support the advance. The weaker oil prices and less hawkish BoC decision weaken the Canadian dollar. Ahead of the  US GDP , the USD lingers close to the monthly low and creates a headwind. On Thursday, there is some buying interest in the USD/CAD pair, which maintains its small intraday gains during the early European session. Although the pair is now hovering slightly above the mid-1.3500s, the upswing is not strongly positive. The US dollar is a drag on the USD/CAD pair as it hovers at its lowest point since September 20, which was hit the day before. Market hopes for a more aggressive Federal Reserve policy tightening were dampened by indications of a downturn in the US economy. This has been a major contributing cause to the recent significant decline in US Treasury bond rates, which keeps the dollar under pressure. Read More...   EDGE-FOREX

  In this article, we have covered the highlights of global market news about the  USD/CHF ,  AUD/USD ,  EUR/USD  and  USD/JPY. USD/CHF falls near 0.9840 as DXY’s pre-event consolidation erupts. After failing to overcome the primary barrier of 0.9870 in the early European session, the  USD/CHF  pair has decreased. Pressure on the major has increased due to an outburst of pre-event consolidation in the US dollar index (DXY). The DXY has re-established its day’s low at 109.54 and is anticipated to be on edge as market players’ risk appetite has significantly increased. As the corrective move ended and investors poured money into risky assets, S&P500 futures mostly recovered from Wednesday’s losses. Meanwhile, as investors await the publication of crucial economic data from the US economy, the 10-year US Treasury rates have been more depressed. Starting the US Gross Domestic Product (GDP) data, which is anticipated to increase by 2.4%, might resu...

  A primary energy source, natural gas, may generate power, heat buildings, and provide cooling. It also fuels production and is a crucial component of industrial goods like medications and fertilizers. It is now one of the most traded commodities worldwide. This article discusses the natural gas market, including its definition, history as a commodity, and factors influencing its cost. WHAT IS NATURAL GAS, AND HOW IS IT USED? Natural gas, like coal and  crude oil , is a fossil fuel created over millions of years from the decomposing remnants of living things that were squeezed under intense heat and pressure deep under the earth. Natural Gas  was first used as an energy source in 18th-century Britain. Still, in the 20th century, when the building of pipelines led to the opening of several new markets throughout the globe, it started to take off. Read More... EDGE-FOREX

  GBP/USD rises to a brand-new six-week high, helped by several reasons. Sterling continues to be supported by Rishi Sunak’s selection as the next British Prime Minister. The likelihood of additional aggressive Fed rate increases is declining, which is harmful to the dollar. In the past hour, the  GBP/USD  pair has seen new bids during the early European session, rising to its highest since September 14 in the 1.1575-1.1580 range. The selection of  Rishi Sunak  as the next British prime minister was well-received by investors. This is seen by a continued drop in UK gilt yields, which support the British pound. In addition, the pervasive US dollar selling bias gives the GBP/USD pair an extra boost and keeps the trend going. Read More.. EDGE-FOREX

  In this article, we have covered the highlights of global market news about the  AUD/USD ,  EUR/USD ,  USD/JPY  and  USD/CAD. AUD/USD: Near-term gain potential is still there According to Quek Ser Leang and Peter Chia, senior FX strategists at UOB Group, further rebound in the  AUD/USD  looks to be in the cards for the time being given recent price action. “We did not anticipate the sharp increase in AUD that drove it to a high of 0.6412 during the last 24 hours” (we were expecting sideway-trading). The strong gain in the AUD may touch 0.6420 first despite being overbought before the likelihood of a retracement rises. The significant resistance of 0.6460 is not likely to be tested by AUD. Support is located at 0.6365, although simply a break of 0.6340 would signal a reduction in the upward pressure now present. Read More... forex trading for beginners

Stocks that are both cyclical and non-cyclical might assist traders in diversifying their equity holdings. The following sections of this article will cover the basics of various sorts of cyclical stocks and how to incorporate them into stock portfolios: What are cyclical stocks? Cyclical vs. non-cyclical stock differences The definition of cyclical sectors FAQs about cyclical stocks CYCLICAL STOCKS: WHAT ARE THEY? Shares of   cyclical stocks  are those that are predicted to change by the corresponding economic circumstances. In other words, cyclical stock values are more likely to increase in a strong economy and decline in a weak one. To put it another way, cyclical stocks may depend on consumer incomes where their “wants” rather than “needs” are met (see difference table below). Read More...   EDGE-FOREX

  The trade remains at the 0.9900 barrier due to the EUR/USD. In October, the business climate in Germany remained unchanged. Later in the discussion, US Consumer Confidence will take center stage. Around the European currency, there is a lack of consensus on a direction, which causes EUR/USD to trade on Tuesday with a negative bias around 0.9860. EUR/USD emphasizes risk trends, and the dollar With the dollar again lacking a clear trend, the  EUR/USD  sputters once more before the critical barrier at 0.9900 and experiences some modest negative pressure. The German 10-year bund yields, which have been hovering around the 2.25% range so far, have dropped for the third time in a row, which coincides with the pair’s indecisive price action. Read More... EDGE-FOREX

  In this article, we have covered the highlights of global market news about the  USD/JPY ,  USD/CNH ,  GBP/USD  and  USD/CAD. USD/JPY could hit 153 by Q1 2023, according to Wells Fargo According to Wells Fargo economists, the Bank of Japan’s FX intervention is unlikely to stop the yen decline, who also predict a weaker yen that will push the  USD/JPY  to 153. We don’t expect the supportive Bank of Japan monetary policy to shift very soon because of Japan’s sluggish growth and inflation. The USD/JPY exchange rate is predicted to hit 153.00 by Q1-2023. “We think FX intervention by Japanese authorities will have little impact in preventing additional yen depreciation,” the report said. Read More... forex factory

Understanding stock market liquidity is crucial for traders. You will be in a better position to acquire and sell if you are aware of the simplest stocks to convert to cash without the price being impacted. This article will examine stock market liquidity in detail, highlight some of the most liquid equities and discuss the advantages of trading them, as well as how stock market liquidity differs from FX liquidity. WHAT DOES STOCK MARKET LIQUIDITY MEAN? Liquidity in the stock market refers to equities with enough trading volume to let traders enter and exit positions without difficulty. Stocks with insufficient volume and low liquidity cannot be purchased or sold as readily. It isn’t easy to locate buyers and sellers for such stocks. Share turnover, computed by dividing the total number of shares exchanged during a particular time by the typical number of shares outstanding for the period, may be used to gauge liquidity. A corporation will have liquid company shares if there is a signi...

  Western Texas Intermediate (WTI) is anticipated to end the week down 0.55%. The demand from China and a weak US dollar supported oil prices. Because WTI purchasers cannot break through the 50-day EMA, the commodity is leaning down. WTI is poised to close Friday’s trading session practically flat, as Wall Street concluded the day with significant gains amid prospects of a Fed pivot after wires reported that Fed members were considering slowing the rate of rate rises after their meeting in November. WTI is now selling at $85.17 a barrel, up only 0.19% from earlier. Due to a weaker US dollar and increased demand from China, WTI reversed some of its previous losses. Given that the Fed would scale down its aggressiveness, the dollar declined, which benefited the commodity priced in US Dollars.  US Treasury rates  reversed previous advances, weakening the dollar, as seen by the US Dollar Index, which dropped 0.88% to 111.865 from a YTD high of 113.942. Read More... EDGE-FOREX...

The market speculates on a Fed shift as the price of  gold  increases by roughly 1% due to a WSJ piece. US T-bond rates decreased, which supported the gold price as it recovered from the month’s lows. Gold Price Prediction: A break over $1650 might drive gold to $1665, but the downward trend is still present. As US Treasury yields decline in response to a Wall Street Journal (WSJ) article stating that Fed officials are divided about December’s rate hike, as November’s increase to the Fed funds rate (FFR) of 75 bps is most certain, gold prices rebound from monthly lows around $1617 and move steadily upward towards the $1640s region. Read More...   EDGE-FOREX

  Introduction to PIPS The unit of measurement used by forex traders to describe the slightest change in value between two currencies is called a “PIP,” which stands for Point in Percentage. In a normal forex quotation, this is indicated as a change of one digit in the fourth decimal place. For example, if the price of  EUR/USD  changes from 1.1402 to 1.1403, this would be a one pip or ‘point’ shift. Example of a pip purchasing EUR/USD using the quotation However, not all currency rates are shown in this manner; a noteworthy example is the Japanese Yen. Continue reading for additional information on pip use in forex trading, including examples from a few key currency pairings. Read More... fx trading

In this article, we have covered the highlights of global market news about the  USD/JPY ,  EUR/USD ,  USD/CNH  and  AUD/USD . USD/JPY has risen to 151.00, a new 32-year high, as US bond rates rise. On the last day of the week, the  USD/JPY  pair is extending its well-established bullish trend and acquiring significant follow-through momentum. In the middle of the European session, buying interest increased, pushing spot prices to a 32-year high in the neighborhood of 151.00. Despite a significant difference in the monetary policy stances taken by the Bank of Japan and other significant central banks, the selling bias around the Japanese yen has not dissipated. This supports the rising USD/JPY pair and counteracts Japanese government intervention threats. Read More...   EDGE-FOREX

Due to worse UK figures, GBP/USD finds it difficult to maintain its first daily advances in six days at a two-week low. UK GDP shrank by 0.3% in August, while IP/MP decreased in the previous month. The Cable pair is also propelled by rumors that the BOE may prolong its bond-buying program. As hawkish Fed bets favor pair bears, the FOMC Minutes and UK officials’ decisions will be significant. The GBP/USD currency pair pays little attention to the UK’s dismal August economic data as it oscillates around the 1.1000 level, breaking a five-day decline when markets start in London on Wednesday. The weaker yields and expectations for further support from British authorities may be the cause. The UK’s Gross Domestic Product fell to -0.3% MoM in August, down from 0.0% predicted and 0.2% the month before. Manufacturing Production (MP) and Industrial Production (IP) declined during the specified month. Read More...   EDGE-FOREX

  In this article, we have covered the highlights of global market news about the  USD/JPY ,  EUR/SEK ,  USD/CAD  and  GBP/USD. USD/JPY consolidates below 147.00, with bulls maintaining control at a 24-year high ahead of the US CPI. In the first part of the European session, the  USD/JPY  pair oscillates in a constrained zone and seems to have started a bullish consolidation phase. As investors prepare for the critical US CPI data, spot prices are still close to reaching their highest point since August 1998, near the 147.00 level reached on Wednesday. The amount of the subsequent interest rate increase by the Fed will depend on the US inflation rate, which will also influence the trajectory of the US dollar and the USD/JPY exchange rate in the short future. While there is suspicion that Japanese authorities may continue to intervene in the currency market, traders prefer to stay out of it. In reality, the government is prepared to step in and tak...

Investors may get income from dividend stocks and share price growth. Regular dividend payments are often seen as an indication of financial stability from the firm. They may be a valuable method to expand a  long-term investment  portfolio, which is why many investors are drawn to companies that pay dividends. WHAT DO DIVIDEND STOCKS MEAN? Companies that distribute a part of their net earnings as a cash dividend to shareholders are known as dividend stocks. Investors may choose companies that regularly pay dividends since they stand to gain from both price growth and dividend income. Additionally, since a consistent income may indicate financial stability, dividend stocks may draw much interest from individual investors and asset managers. For a corporation to distribute a percentage of its earnings to shareholders, profits must first be made. A lengthy history of dividend payments may shed insight into a company’s past financial success. Read More...   EDGE-FOREX

TALKING POINTS IN BRITISH POUND: With this morning’s news of yet another leadership transition at the UK PM position, headlines continue to push the British Pound. While the  GBP/USD  pair has recently shown various short-term trends, the longer-term price action has been consolidating inside the range formed in late September and early October. A significant long-term resistance level is being tested by  GBP/JPY , while a longer-term look at  EUR/GBP  shows some potential. More unrest is making headlines in the UK as Liz Truss’ resignation as prime minister was announced this morning, marking yet another shift in leadership at No. 10. The price movement of the British Pound suggests that this wasn’t a major surprise. The GBP/USD exchange rate has so far seen a modest increase as a result of the news, but this is limited by the larger picture, which has mostly been one of consolidation since the GBP/USD crash in late September drew back into the 1.1500 regi...

  In this article, we have covered the highlights of global market news about the  EUR/HUF ,  GBP/JPY ,  EUR/USD  and  USD/INR. EUR/HUF to fall below 410; EUR/PLN to fall below 4.78 – ING Because of decreasing gas costs, CEE is still on the rise. ING economists predict that EUR/HUF will drop back to sub-410 levels and  EUR/PLN  will once again drop below 4.78. In addition to decreasing gas costs, the area is seeing growing interest rate differentials. After the NBH emergency rate increase on Friday, we reached a new high in Hungary, and in Poland, we reached our highest levels since early September. If the European Commission accepts the proposed measures, “we anticipate favorable circumstances for CEE to continue to appreciate, supported by further drops in gas price, with  EUR/USD  above recent lows.” Read More... fx trading

  Most individuals searching for a company to invest in are not particularly drawn to the phrase “defensive”. Yet, defensive stocks have shown to be crucial. Most individuals searching for a company to invest in are not particularly drawn to the phrase “defensive”, yet defensive stocks have shown to be crucial. Their greatest draw is that, since diversity lowers the correlation of assets held within a portfolio, they tend to protect investors during financial downturns or collapses. Defensive stocks, however, might appeal to traders with lower risk tolerances (i.e., those seeking less volatility in their investments) who only want to conserve their cash. They are not only helpful during recessions. Defensive stocks are defined in this article, along with their benefits and trading opportunities for investors and traders. Read More... EDGE-FOREX

Silver continues its overnight drop back into the $19.00 neighborhood. The technical configuration promotes the possibility of more losses and is in the bears’ favor. To counteract the bearish bias, there must be a prolonged advance above the $19.00 level. On Wednesday, further selling pressure is applied to silver, which causes it to prolong the day before a slight decline from around the $19.00 level. Throughout the first part of the  European session , Silver remained on the back foot; it is now dangerously close to the daily low, somewhere in the mid-$18.00 range. Technically speaking, the current recovery from a low reached last Friday, which was almost three weeks ago, risks rejection close to the 100-hour EMA. The oscillators on the 1-hour chart are again beginning to acquire negative traction, while oscillators on the daily chart remain in the bearish region. This strengthens the likelihood that the intraday depreciating trend will continue. Read More...   EDGE-FOREX

  Silver continues its overnight drop back into the $19.00 neighborhood. The technical configuration promotes the possibility of more losses and is in the bears’ favor. To counteract the bearish bias, there must be a prolonged advance above the $19.00 level. On Wednesday, further selling pressure is applied to silver, which causes it to prolong the day before a slight decline from around the $19.00 level. Throughout the first part of the  European session , Silver remained on the back foot; it is now dangerously close to the daily low, somewhere in the mid-$18.00 range. Technically speaking, the current recovery from a low reached last Friday, which was almost three weeks ago, risks rejection close to the 100-hour EMA. The oscillators on the 1-hour chart are again beginning to acquire negative traction, while oscillators on the daily chart remain in the bearish region. This strengthens the likelihood that the intraday depreciating trend will continue. Read More... EDGE-FOREX

  In this article, we have covered the highlights of global market news about the  EUR/USD ,  USD/JPY ,  USD/CAD  and  USD/CNH. The EUR/USD will challenge the 0.9540 lows during the next phase of dollar appreciation, according to ING. After the rise from 0.9700, the  EUR/USD  stabilized around the 0.98-0.99 range. According to ING analysts, the pair is expected to test the level of 0.9540 as the dollar continues to rise. “Dollar strength continues to be the biggest obstacle to the pair’s rebound, but the domestic situation is still far from promising to investors. The ZEW expectations index declined less than anticipated, while the present situation survey sharply declined to -72.2 in October. These levels were only last seen in 2020 and 2009. Read More... forex managed accounts uk

  In forex trading, entry orders are an invaluable instrument. Trading plans may be developed by careful planning, but if a trader can’t carry it out successfully, all of their hard work is for nothing. Since the forex market is open around-the-clock, no trader can continuously monitor it. Therefore, traders require a method of carrying out our  trading strategy  that works with their daily routine. Setting up forex entry orders becomes essential in this situation. Entry orders let traders predetermine the price at which they want to purchase or sell a currency. This will only be carried out if the predetermined price is reached. We examine some advantages of utilizing entry orders while trading forex below. Read More.... EDGE-FOREX

  GBP/USD  makes a little intraday rebound, but no more purchasing is seen. Support comes from a muted USD demand, although the upside is limited by UK political unpredictability. To support the possibility of further gains, a move past the 1.1400 handle is required. During the early North American session, the GBP/USD pair recovers a few pip from the daily low and moves back over the 1.1300 level. The advent of some US dollar selling is supporting the minor rebound, but in light of the unpredictability surrounding UK politics, it lacks bullish confidence. In fact, in the aftermath of the recent tax reduction catastrophe, rebels within the governing Tory Party are banding together to unseat newly-elected UK Prime Minister Liz Truss. In addition, news that the  Bank of England  may postpone quantitative tightening even longer in order to calm the bond market acts as a drag on sterling and caps the GBP/USD pair. Read More... EDGE-FOREX

  In this article, we have covered the highlights of global market news about the  EUR/USD ,  USD/JPY ,  AUD/USD  and  GBP/USD. EUR/USD: Rebound encounters resistance at 0.9870 The euro is now seeing some selling pressure, which drives the  EUR/USD  pair down from its recent daily highs above 0.9870. In light of the ambiguous price action around the dollar and a persistent thirst for riskier assets, EUR/USD seeks to build on a promising start to the week. Meanwhile, price movement around the spot is followed by an increase in German 10-year bund yields, always within the context of the larger stabilization above the 2.30% barrier. On the domestic calendar, the ZEW institute’s monthly survey of economic sentiment in Germany and wider Euroland will be the main topic of discussion. Along with the speech by N. Kashkari of the FOMC, the NAHB index and Industrial Production are expected in the UK. Read More.. forex trading

It is a typical occurrence in forex trading, although it is often misinterpreted. Knowing how it happens in the forex market may help traders reduce negative slippage while possibly enhancing the positive one. These ideas will be discussed in this article to offer some insight into the mechanics of slippage in forex and how traders might lessen its negative consequences. WHAT IS IT? When a trade order is completed at a price that differs from the intended price, slippage takes place. This often happens when volatility is intense, and orders can’t be filled at the prices the customer wants. Read More...   EDGE-FOREX

AUSTRALIAN DOLLAR, AUD/USD, EXPECTATIONS FOR US INFLATION, USD/JPY – ASIA PACIFIC MARKET OPEN Following the turbulence on Wall Street on Friday, the Australian Dollar is in danger. Higher inflation forecasts in the United States pave the way for a more hawkish Federal Reserve. Light economic schedule in the Asia-Pacific region; keep an eye out for  USD/JPY  intervention. A Briefing on the Asia-Pacific Market As a result of the volatility that was seen on Wall Street on Friday, investors in the Asia-Pacific region may be anticipating a negative beginning to the new trading week. While the S&P 500 index declined by 2.29 percent, the tech-heavy Nasdaq 100 fell by more than 3 percent. The risk-averse market drove down the sentiment-sensitive Australian Dollar, which resulted in a 1.62% decline in AUD/USD. The same thing happened to the New Zealand Dollar, which was acting similarly. Read More...   EDGE-FOREX

  In this article, we have covered the highlights of global market news about the  GBP/USD ,  EUR/USD ,  USD/CNH  and  USD/CAD. GBP/USD is unlikely to rise even if the next Chancellor restores confidence – SocGen Today’s economic policy announcement will come from the new Chancellor, Jeremy Hunt. Delivering a crystal-clear message to stabilize the gilt market and, ideally, regain confidence, Kit Juckes, Chief Global FX Strategist at Société Générale, believes that sterling volatility should dissipate and gilt rates should decrease. “The Conservative Party is still in chaos, but market confidence will return if Mr. Hunt receives support from his party for initiatives to address the problem. Although that’s positive for gilts, I doubt it will push sterling much higher than this. Read More... forex trading app