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XAUUSD, “Gold vs US Dollar” Gold has formed a Hammer reversal pattern near the support level. The instrument could now go by the reversal signal in an ascending wave. The growth target might be 1960.00. After testing the resistance, the price could rebound and continue the downtrend. However, the quotes could drop to 1925.00 without […]
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, […]