You might’ve once thought, “Hey, the stock market? That’s for folks in fancy suits and towering skyscrapers!” Well, think again. The financial markets, encompassing everything from stocks and bonds to currencies and commodities, have a surprisingly vast impact on your everyday life. Even if you don’t dabble in stocks or keep up with economic news,…
Key Performance of Major Currencies At the onset of the week, the NZD/USD demonstrated minimal gains, just above its kickoff price of approximately 0.6095. This follows the USD’s recovery after a notable sell-off observed post Nonfarm Payrolls (NFP) on the preceding Friday. Although markets have been evaluating the recent job reports from the US,…
When it comes to Forex trading, there’s always more beneath the surface than what meets the eye. Dive into these insider secrets to elevate your trading game. Highlighted within is the distinguished broker, Monaxa. Introduction to Forex Secrets The foreign exchange market, colloquially known as Forex, is a vast, ever-evolving beast. But guess what?…
The U.S. Dollar (USD) remains at the center of global financial dynamics, exhibiting the multifaceted impact of worldwide economic trends and the U.S. Federal Reserve’s policy decisions on the currency’s performance[3]. This article provides an up-to-date review of recent developments involving the USD. As of late June 2023, the Federal Reserve, under the leadership of…
The Dynamic Dance of the Dollar and the Pound The Dollar’s Turnaround The Effect of Central Banks’ Actions Currency market movements in recent times have been significantly influenced by the actions of global central banks in their efforts to control rampant inflation. The dollar index witnessed its sharpest weekly decline since January, primarily because…
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…
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…
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…