Gold Soars to New All-Time High Amid Fed Rate Cut Speculation
Gold prices surged to a new all-time high around $2,476-$2,477 during the Asian session on Wednesday. The upward momentum is driven by expectations of a September rate cut by the Federal Reserve. Recent comments from Fed officials have solidified these expectations, keeping US Treasury bond yields l
Dollar Hits Five-Week Low Amid Powell's Rate Cut Hints
The dollar remained near five-week lows on Tuesday after comments from Federal Reserve Chair Jerome Powell suggested a likely rate cut in September. Meanwhile, cryptocurrencies rose as the odds of former President Donald Trump’s reelection increased. Powell stated that three recent U.S. inflat
Understanding the Federal Reserve Bank: A Comprehensive Guide for Forex Traders
The Federal Reserve System, commonly known as the Fed, was established by the United States Congress in 1913. As a central bank, the Fed wields significant influence over currency values, particularly the US Dollar, making it a crucial factor in forex trading. In this guide, we will delve into the h
Is ACA Trading App Real or Fake?
In this article, we will delve into the topic of the ACA Trading App and explore whether it is a legitimate trading platform or potentially a fraudulent one. By examining key aspects such as the app's features, regulatory compliance, user reviews, testimonials, and withdrawal concerns, we aim to pro
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IG Group's American Arm Joins FIA, Expands Its Global Trading Network
IG entered the US market in 2021 through the $1B acquisition of tastyworks.The group's revenue from its US operations surged by 47% to £191.3M in FY23. The American division of IG Group, a London-based company focused on spread betting and CFD trading, has joined the Futures Industry Associati
EURGBP-BUY strategy
Short-term we are basing for the pair. We need to overcome the DEMAND area within 0.8626 and 0.8725. The medium-term chart suggest we will return back somewhere 0.8900 as a note. Strategy is BUY 0.8550-0.8600 for a move back to 0.8720. (note observe 0.8626). #OPINIONLEADER#
GBPUSD, consolidation before the reversal?
Hello traders, welcome back to another market breakdown. GBPUSD has been trading in a consolidation around a Key level. The market now is in 50% chnace to break higher or lower. I'll be looking for the short side as it holds low risk and high reward. #OPINIONLEADER#
GBPJPY, 2023-03-08, Asian Session
GBPJPY fell off 61.8% retracement support yesterday. If this breakdown persists, we should see 161.00. Given bearishness in the dailies, our main bias is to short. However, with more than a 1% swing yesterday from the high to the low, it's prudent to wait for a good bargain for entry. Us
ICMarkets Holiday Trading Schedule for 2022/23
See all ICMarkets holiday trading sessions and stock market hours for 2022/23, including Christmas, Boxing Day, New Year, and many more here. Recently, ICMarkets released the trading schedule for the Christmas, Boxing Day, and New Year holidays. Liquidity over the holidays is expected to b
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Doo Prime Reports Trading Volume In January 2023
January Trading Volume Overview 2023 Total trading volume: USD60.90 billion Most popular products: XAU/USD, EUR/USD, USD/JPY XAU/USD recorded the highest trading volume at USD30.62 billion EUR/USD saw the highest increase, up USD7.42 billion or 70.29% According to the r
Potential Sniper Entries on EURUSD
First, 95% of traders are wrong and everyone's analysis outside of yourself should be taken with a grain of salt and a gulp of discernment. With that being said, here is my current outlook on EURUSD based on current economic conditions and price action that has developed. Due to the outcome of NFP l
USDCAD Potential For Bearish Drop
On the H4, with DIF is crossing below the signal line and the price is crossing over the ichimoku cloud, we have a bearish bias that the price may drop from the buy entry at 1.28353, which is in line with the 50% Fibonacci retracement to the take profit at 1.27667, which is
