Edge-Zorin2

  In this article, we have covered the highlights of global market news about the  EUR/USD,  AUD/USD , USD/CHF  and  GBP/USD . EUR/USD Price Analysis: The main support level is breached beyond 1.0760 During a slow Monday morning in Europe, bulls and bears compete to control the  EUR/USD  at 1.0800. The leading currency pair struggles to explain the latest Doji candlestick inside a three-day-old negative channel. However, a convergence of the 200-SMA, the bottom line of the indicated channel, and the 50% Fibonacci retracement level of the January-February gain, at 1.0760, limits the short-term downside of the pair. Bearish MACD signals also tempt EUR/USD sellers. Read More... EDGE-FOREX

  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..

  Australian Dollar weakening: The AUD/USD pair is under pressure today, declining steadily from its recent high and dropping below the mid-0.7000s level during early European trading sessions. This decline is likely attributable to a number of factors, including weak economic data released recently by both Canada and Australia. The Australian Dollar is facing external pressure due to disappointing domestic macro data and a modest US dollar strength. Combined, these factors are causing some investors to flee the currency in search of safety. Meanwhile, the cautious mood is also leading some people towards gold and weakening the risk-sensitive Aussie. Read More... EDGE-FOREX Click here to see the video...

  The primary part of making decisions in forex trading is drawn from economic facts. The fundamental background of the market consists of three primary things. This is why it may be difficult to predict currency movement at times. The currency direction becomes rather scattered. Contributing to this is when the political environment counters the central bank statements. However, when the political difficulties are not there and  central bank policy  is applied in line with economic facts, we have pure currency direction. This also helps large patterns to develop. This is what bank traders are looking forward to. The fundamentals of the market are incredibly complicated. Mastering the fundamentals can take years. Trading economic data releases have the potential to make a lot of money. There are two things that are key to trading.  Read More... EDGE-FOREX

  Pain in Energy Markets: Due to falling natural gas prices, the commodity closed below $3 for the first time since May 24th, 2021. This decline was spurred by increased stockpiles in Europe and America as forecasters predicted mild weather in February. Major US Economic Data Next Week: The US economy continues to show resilience despite weak employment and GDP data in the past few weeks. This has led some people, including those at the Federal Reserve, to suggest that a slowdown of the hiking cycle may be necessary. However, there are still some reasons for caution as seen in recent economic indicators such as falling residential construction, industrial production declining for three months straight, and weaker retail sales over a two-month period. Read More... Click here to see the video...

  What does Gamma Squeeze mean? After selling call options on a particular stock, market makers who are exposed to negative (short) gamma and negative (short) delta may experience a gamma squeeze. Let’s simplify this as it can all sound confusing: Delta –  this shows the anticipated change in an option’s price in reaction to a $1 change in the underlying stock price. Because the option’s price would increase in tandem with an increase in stock price (delta), a positive delta denotes a long position in the market, whilst a negative delta denotes a short position. Read More... EDGE-FOREX Click here to see the video...

  EUR/USD Outlook The EUR/USD continued its advance from yesterday, reaching a high of 1.09 following the opening of European markets. The Euro gained momentum against the USD as news from the Bank of Canada’s rate decision started to spread throughout the market. Yesterday’s Bank of Canada rate decision appears to have sparked a renewed sense of risk in the market. Investors are hopeful that other major central banks will follow suit, as seen with yesterday’s announcement by The BoC. However, ECB policymakers remain very hawkish on rates and made comments expressing this sentiment yesterday. Read More... EDGE-FOREX Click here to see the video...

  The 24-hour forex trading market is divided into three main trading periods: the London session, the US session, and the Asian session. Every significant regional market center has distinct characteristics and patterns that may enable traders to successfully implement strategies at any moment. Despite the fact that the foreign exchange market is the most liquid of all asset classes, volatility fluctuates with time. A forex trading strategy’s dependability may be increased by comprehending these various forex session timings. We will examine each of these forex trading market sessions in this post, as well as their essential characteristics, forex time zones, and how they impact trading. Read More... EDGE-FOREX

  Gold Looking firm Gold prices rose overnight and are currently trading at around US$ 1,940. Markets are anxious about the state of the US economy, which has been sluggish in recent months. Rephrase Disappointing PMI data seems to have led many market participants to believe that the Federal Reserve will not raise interest rates as aggressively as previously anticipated. Yields on Treasury securities fell significantly across the board, with the largest declines seen at longer-term maturity levels. The low return on investment offered by interest-rate products has likely encouraged investors to focus their attention on nonyielding precious metals. The Federal Open Market Committee (FOMC) is scheduled to convene on Wednesday next week and many market participants expect the central bank to increase interest rates by 25 basis points. This news may affect the value of the US Dollar and gold prices accordingly. Read More... EDGE-FOREX