Bitcoin, the pioneer cryptocurrency, has encountered a significant shift in its price trajectory, as it broke away from its recent upward trend. After being...
Cryptocurrency trading has opened up new avenues for investors to explore different trading strategies. Two popular approaches, day trading and swing trading, have gained...
In the ever-evolving landscape of cryptocurrency trading, technical analysis has emerged as a valuable tool for traders and investors seeking to make informed decisions....
Cryptocurrency trading has emerged as a dynamic and potentially profitable venture in the world of finance. With the rapid growth of digital currencies like...
Markets Surge on Weak US CPI Data
The past week saw a robust rally across various markets, spurred by marginally weak US CPI data reported on Wednesday. Equities and cryptocurrencies performed well, with a significant spotlight on precious metals and copper, which saw explosive growth.
Key Highlights:
US Dollar Decline:
The...
In the realm of trading, geopolitical events like the recent developments in Ukraine, as outlined by President Zelensky on February 17th, can significantly impact financial markets. Zelensky's decision to withdraw from Avdiivka underscores the importance of staying informed about global conflicts, as they can affect the demand...
Key Market Movements in the Spotlight
As we conclude another eventful week in the financial landscape, the prevailing trend of the year remains evident. Equities continue to thrive, driven by widespread expectations of central bank rate cuts throughout 2024.
Highlights:
US Dollar Sees Modest Gain:
The US Dollar experienced a slight...
As the financial markets resumed action after the holiday season, the arrival of 2024 introduced intriguing movements, hinting at potential shifts in established trends. Join us for a comprehensive analysis in our weekly newsletter!
Noteworthy Market Trends:
US Dollar's Vigorous Start:
The US Dollar commenced the year on a robust...
Last week witnessed significant market shifts, largely steered by central bank actions. Among the surprises was the Norges Bank rate hike, but it was the Federal Reserve's dovish stance that notably impacted market sentiments.
USD Takes a Dive:
The US Dollar retraced all gains from the prior week, driven...
Trading firms operate at the heart of global financial markets, executing transactions and playing a pivotal role in shaping market dynamics. These entities, ranging from small proprietary trading shops to large hedge funds, wield significant influence. Let's delve into the multifaceted world of trading firms, exploring their...
Last night marked a historic surge in the world gold price, reaching an unprecedented $2,076 per ounce, surpassing the previous record set in 2020 at $2,075 per ounce. By 8 AM today, the global gold price traded at $2,068 per ounce, displaying a remarkable $26 per ounce...
Last week saw a market breather with lighter economic data, but the spotlight remained on yields and the Dollar, both struggling to find significant momentum. As markets pause, let's delve into the key movements that shaped the forex landscape.
Market Insights:
US Dollar and Major Currencies:
The US Dollar persisted...
The start of the new trading week saw a challenging period for the US dollar as it experienced weakness across various currency pairs. The recent FOMC minutes didn't bring much excitement to the market after the recent inflation print, resulting in a rather subdued reaction. The data...
It seems like last week was a roller coaster, especially with the US economic data that didn't quite meet expectations. The CPI report, although a slight miss, prompted a strong market reaction. Now, there's a significant shift in expectations: Fed rate hikes aren't factored in anymore, and...
In the currency markets, the pound exhibited a steady performance on Tuesday as traders awaited crucial U.S. inflation data, seen as a key factor influencing the short-term trajectory of the dollar against other currencies.
Earlier in the day, UK data revealed that the growth of workers' wages in...
The AUD/USD exchange rate is intricately influenced by a spectrum of factors, with recent developments adding an extra layer of significance. Let's delve into the key elements shaping the dynamics of the AUD/USD currency pair:
1. Interest Rates:
The interest rate differential between Australia and the United States remains...