Introduction Entering the forex market as a new trader requires careful consideration and decision-making. One of the most critical steps in this process is choosing a forex broker. Selecting the right broker can greatly impact a trader’s success and overall trading experience. In this article, we will explore the factors to consider when selecting a […]
The Forex Market: A Guide to Opening a Forex Account The forex market is a fabulous place for individual investors, large and small, to engage in exciting, fast-paced, and probably profitable trades. With its immense liquidity and round-the-clock operation, the forex market offers ample opportunities for traders to capitalize on fluctuations in global currency exchange […]
Metals on the Move The pull back in the US Dollar has benefited metals nicely. Silver prices are now up around 6% from last week’s lows. An agreement on the US debt ceiling has fuelled an unwinding of the USD safe-haven trade, allowing metals room to recover. Additionally, dovish comments from leading Fed members this […]
“The winds of change” in the Federal Reserve’s policy have sharply shifted direction once again: in a matter of days, the chances of a rate hike on June 14th have decreased from 65% to 26%: The dramatic ups and downs in the likelihood of a rate increase can be attributed to the “back-and-forth” approach taken […]
Daily Market Outlook, June 02, 2023 Munnelly’s Market Commentary… Most Asian equity markets had a positive trading session as the region drew inspiration from the gains on Wall Street. The S&P 500 and Nasdaq reached nine-month highs, buoyed by optimism surrounding the debt ceiling, falling labour costs, and dovish commentary from the Federal Reserve. Meanwhile, […]
Bitcoin Rising On USD Drivers Bitcoin futures are trading higher today ahead of the US jobs number. A combination of a weaker Dollar and bolstered risk sentiment attached to dovish Fed expectations and the passing of the debt ceiling bill are helping underpin crypto currently. However, there are two-way risks into today’s US labour market […]