Global Forex Market Update: June 2023 Rebound of the US Dollar Recent Performance The U.S. dollar recently rebounded after hefty overnight losses following weak economic data. It received a boost earlier in the week when the U.S. Federal Reserve forecast at least two more hikes this year. However, weak U.S. economic readings raised questions over…
The European Central Bank (ECB) has announced another increase in interest rates, signaling their intent to continue tightening monetary policy in response to persistent inflation. This move is seen as a necessary step to curb rising prices, but may also have negative effects on economic growth and job creation.
Forex or the foreign exchange market, renowned as the world’s largest financial market, presents vast opportunities for traders. Many traders apply a ‘buy and hold’ strategy in Forex trading, where they purchase currency pairs and hold them for an extended period. Despite its apparent simplicity, this strategy comes with certain pitfalls that can lead to…
Investing in the stock market can be a complex endeavor, with various factors influencing market movements on a daily basis. In today’s trading session, the Dow Jones Industrial Average managed to end higher despite some stumbling in the technology sector. This rise was primarily driven by a surge in energy stocks, which offset the weakness…
Since July of 2022, the European Central Bank (ECB) has aggressively pursued a policy of interest rate hikes to combat persistently high inflation rates within the Eurozone. The central bank’s next move in this respect is a topic of keen interest for economists, market participants, and policymakers alike, given its potential to significantly influence the…
The performance of the US dollar in 2023 has been remarkable. The currency has risen by almost 15% against some of the world’s most traded currencies within this year, as reported by the World Economic Forum [1]. This surge in value has resulted in ripple effects across global financial markets, leading to various strategic moves…
As the global economy grapples with fluctuations and uncertainties, the cryptocurrency market, a virtual realm of digital assets, has shown significant resilience. As of May 29, 2023, the crypto market has been in a phase of steady recovery, with the global market cap standing at a robust $1.17 trillion, a 3.53% increase over the…
7 Secrets to Profitable Forex Trading Stepping into the world of forex trading can be exciting yet intimidating. But fret not, dear reader, because today, we’re unraveling the seven secrets to profitable forex trading. So, are you ready for this journey? Let’s dive in! Understanding Forex Trading What is Forex Trading? Forex trading,…
In this upcoming week, the global economy is poised at a pivotal juncture, influenced by a variety of major economic events. From a potential U.S. debt ceiling deal to China’s PMI data release, the dynamics of global financial markets are set for a shift. In this article, we delve into the top five news to…
5 Winning Strategies for Forex Trading – Uncovered! Introduction The world of forex trading can be as unpredictable as it is profitable. Whether you’re just starting out or you’ve been in the game for a while, everyone can use some guidance to get ahead. That’s where this article comes in. We’re going to unveil 5…