Forex

Forex is an over-the-counter (OTC) marketplace where the currencies of the world are traded. In contrast to other prominent financial centers, forex facilitates trade without a centralized exchange, implementing an exclusively digital platform. Limited barriers of entry, ease of transaction and high market liquidity are its calling cards. Easily the world's largest market, the average daily traded volume in forex dominates all other global marketplaces. For April 2016, daily volume measured more than US$5 trillion in value, according to BIS. Of that amount, trade of major global currencies such as the United States dollar (USD), euro (EUR), Japanese yen (JPY)…

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  • USDJPY pushes up following Ueda appointment

    A surprise announcement on Friday saw Japanese Prime Minister Kishida appoint Kazuo Ueda as the new BoJ governor. Ueda is a hawk relative to Mosayoshi Amamiya, the current deputy governor. However, his current leaning will probably have a dovish tilt with monetary policy shifting slowly.

  • EURUSD short-term analysis – 01 December 2022

    The EURUSD has pushed higher into the daily chart's bullish channel between the upper blue and red bands. The hourly chart shows bullish developments too. Its trend-following EMAs have developed angle and separation to the upside, and the stochastic is looking to cross up (black ellipses). If the stochastic pushes above 80 and maintains, an underlying bullish momentum will be building, which may take EURUSD passed its R2 pivot level.

  • GBPUSD hourly shows bullish signs as political uncertainty wanes

    This development comes as Rishi Sunak takes over as the new UK PM. As a result, politically uncertainty has waned, which looks to be translating into lower volatility in the near term. However, the UK economy still faces headwinds, and cable requires watching as policymakers manage these.

  • GBPUSD showing signs of slipping as BoE announces additional market support

    The BoE has announced an increase in its daily gilt purchases and will implement measures to ensure calm prevails as its emergency bond-buying programme winds up. The central bank intervened in the bond market after the government's mini-budget sparked a sell-off, threatening the UK's pension sector. The emergency intervention is due to end on Friday, 14 October.

  • How To Make Money Trading Online

    New traders should have no illusions—online trading involves risks and costs. Anyone looking to try online trading should be fully aware that it requires time dedicated to planning and analysis, and also plenty of thought about costs and risks of losing money. Nearly all traders enter losing trades at one time or another, especially beginners. To make money, traders need to focus on avoiding losing trades and money, and then…

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