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  In this article, we have covered the highlights of global market news about the  USD/CAD, EUR/USD ,  AUD/USD  and  GBP/USD . The USD/CAD is in for a rocky ride as the BOC-Fed policy divergence widens. In the Tokyo session, the loonie asset fell significantly below the round-level support of 1.3400 as the US Dollar saw a large increase in risk appetite. After hitting a new low of 104.14, the US Dollar Index (DXY) has reversed sideways. The risk-on impulse has significantly intensified. Hence it is anticipated that the USD Index will continue to decline. To protect the US economy from financial threats, the Federal Reserve (Fed) is changing its culture to gradual rate increases, putting tremendous pressure on the US dollar. Investors are waiting for the US ISM Services PMI data to be released to get new momentum, which is why S&P500 futures are performing below expectations. Read More... EDGE-FOREX

  TECHNICAL FORECAST FOR GOLD AND SILVER The  US dollar ‘s overall decline has boosted both gold and silver, but silver stands out among the two metals in terms of its positive climb. Gold: There is significant resistance at the psychological 1800 level and the 200-day SMA. Silver is trading above a large zone of support with no indications of slowing down. Technical Forecast for Gold (XAU/USD): Mixed Due to falling US rates and a weaker currency, gold has had a great week of gains. To end the week, the precious metal is currently testing the psychological threshold of 1800. A third prolonged lower wick on the weekly time frame was enough to reject a move below and, instead, signal the beginning of a move higher, which led to the bullish advance. This rejection of the 1611.40 (Jan 2020) level was rather significant. Read More...

  The capacity to recognize and control emotions and behaviors that may surface during trading is referred to as stock market psychology. The stock market is a leading predictor of expectations for corporate profits performance. Still, variables that impact individual and group trading psychology often influence it. 3 FACTORS TO TAKE INTO ACCOUNT ARE: The mood of investors Market sentiment Feelings like  fear or greed This article aims to discuss the significance of trading psychology in the stock market and provide more information and advice on how to control it. See our article on stock trading for beginners for a quick introduction to the stock market. Read More... EDGE-FOREX

  On Friday,  USD/JPY  plunges to a new multi-month low amid persistent USD selling bias. The US dollar is still under pressure due to the Fed’s dovish shift and falling US bond rates. The downward trend is further aided by technical selling below the 135.00 level. Before the US NFP, oversold circumstances on short-term charts may help minimize losses. In the early hours of the European session on Friday, the USD/JPY pair, which has been under considerable selling pressure for five days running, reaches its lowest point since August 17. The pair is now down more than 0.50% daily and trading slightly around the mid-134.00s. Bears are watching for a decisive break of the crucial 200-day SMA. Read More...

  In this article, we have covered the highlights of global market news about the  GBP/USD, AUD/USD ,  NZD/USD  and  EUR/USD . GBP/USD: A rebound to 1.1500 around the new year would be fair, according to ING GBP/USD  has entered a period of consolidation of around about 1.2250. By year’s end, ING economists predict that the pair will fall near 1.1500. Is cable getting close to the top? Read More... EDGE-FOREX

EMPLOYMENT: WHAT IS IT? It is a major economic engine and a vital indicator of economic expansion. According to the International Labor Organization, “people of working age who are without work, available for work, and actively seeking job” are considered unemployed. As a result, those who are employed are those who hold down jobs, while those who do not but are actively seeking jobs are considered unemployed. Although not perfect, the unemployment rate is a crucial consideration when doing fundamental analysis and is comparable to the fundamental economic concept of supply and demand. Read More...   EDGE-FOREX

  EUR/USD overcomes recent dip and aims towards 1.0400. Prior to data and Powell of the Fed, the dollar seems to be offered. November is expected to witness a 10% YoY increase in the EMU Flash  Inflation  Rate.  On Wednesday, the single currency regains some equilibrium and pushes the EUR/USD to daily highs in the 1.0380/85 zone. Before Powell, the  EUR/USD  seemed stable. After three consecutive days of daily declines, EUR/USD posts a respectable recovery and aims to retake the 1.0400 area as new dollar weakness hurts the currency. Read More...