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Why Is It Important To Use Strategies When Forex Trading? Forex trading, or the trading of foreign currencies, can be a profitable venture for those who employ effective strategies. Some popular strategies used in forex trading include: To achieve success in forex trading, it is crucial to choose strategies that will be effective for you […]
Daily Market Outlook, January 19, 2023 Bad News Is Bad News After All… Investors responded negatively to a round of weak US data yesterday, the trifecta of retail sales, industrial production and producers prices data left the markets with heightened concerns of imminent recession looming for the world’s largest economy, Asian investors followed suit with […]
What Is Commodities Trading? You may be familiar with stock trading, but what is commodity trading? Commodities trading provides an alternative to stock trading by buying and selling raw materials such as oil and natural gas, base and precious metals, and agricultural products such as wheat, coffee, and sugar. Traders speculate on a commodity’s future […]
Bitcoin broke the psychological level of 20000, touching the resistance at the level of 210000. Now, the price of Bitcoin is getting ready for the pullback. Bitcoin might potentially gain the required support at the level of 20000, pull from it, and jump. So, let’s observe what will happen next. Silver has approached the resistance […]
The minutes of the December policy meeting of the ECB released today reinforced the hawkish policy stance that the ECB tried to communicate during and after the meeting: the Bank is far from completing the tightening cycle and more rate hikes are necessary. The key takeaways of the December minutes were that “the direction of […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a link of growth ti 1.0886. A wave of decline to 1.0765 is forming today. Then a correction to 1.0826 should follow. Next, a wave of decline to 1.0703 might form. The goal is local. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair […]