The foreign exchange (forex) market is where banks and individuals buy, sell, or exchange currencies. It’s the largest financial market in the world, according to the latest reliable data from 2022, when global daily trading was $7.5 trillion. It is a global decentralized platform where currencies are traded. Unlike traditional stock markets, which operate on …
What is forex trading ? Forex trading is the simultaneous buying of one currency and selling another. When you trade in the forex market, you buy or sell in currency pairs. Each currency in the pair is listed as a three-letter code. The first two letters stand for the country (or region), and the third …
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Instrument: GOLD+ Bullish Preference: A Buy position is envisaged if the price trades above 2032.71 With take profit at 2036.38 Bearish Preference: A Sell position is envisaged if the price trades below 2027.64 with Take profit at 2023.86 Fundamentals:USD FOMC Meeting Minutes 8:00pm Comment: Copper and gold are expected to see the largest immediate price boost in the commodities sector …
Instrument: US100+ Bullish Preference: A Buy position is envisaged if the price trades above 17596.23 With Take profit at 17631.46 Bearish Preference: A Sell position is envisaged if the price trades below 17523.80 with Take profit at 17494.61 Fundamentals:USD FOMC Meeting Minutes 8:00pm Comment: In the lead-up to Nvidia (NASDAQ:NVDA) eagerly anticipated earnings announcement, big tech stocks, including Nvidia, have …
Instrument: EURUSD Bullish Preference: A Buy position is envisaged if the price trades above 1.09728 with a take profit at 1.09880 Bearish Preference: A Sell position is envisaged if the price trades below 1.09397 with a take profit at 1.09268 Fundamentals:No Major Fundamental Comment:EUR/USD corrected downwards from late December to early January, but managed to stabilize and bounce after …
Instrument: GOLD Bullish Preference: A Buy position is envisaged if the price trades above 2037.82 with a take profit at 2041.21 Bearish Preference: A Sell position is envisaged if the price trades below 2029.76 with take profit at 2026.53 Fundamentals:No Major Fundamental. Comment: Gold prices rose slightly in Asian trade on Tuesday, recovering from a rough start to the year …
Instrument: USDJPY Bullish Preference: Buy position is envisaged if price trades above 144.457 WithTake profit at 144.751 Bearish Preference: Sell position is envisaged if price trades below 143.249 with Take profit at 142.922 Fundamentals:3:49AM JPY: Monetary Policy Statement 7:30AM BOJ Press Conference Comment: The Bank of Japan (BoJ) will provide an update on monetary policy …
Instrument: USDCAD Bullish Preference: Buy position is envisaged if price trades above 1.34169 With take profit at 1.34356 Bearish Preference: Sell position is envisaged if price trades below 1.33836 with Take profit at 1.33715 Fundamentals: 2:30PM CAD: CPI m/m 2:30PM Median CPI y/y 2:30PM Trimmed CPI y/y Comment: The U.S. dollar slipped against the …
Instrument: OIL. WTI Bullish Preference: Buy position is envisaged if price trades above 72.86 with take profit at 73.78 Bearish Preference: Sell position is envisaged if price trades below 71.59 with take profit at 71.18 Fundamentals:None with Expected High Impact Comment: Oil prices rose over 1% in Asian trade on Monday, supported by lower exports from Russia and as attacks …
Instrument: EURUSD Bullish Preference: Buy position is envisaged if price trades above 1.09314 with take profit at 1.09448 Bearish Preference: Sell position is envisaged if price trades below 1.09058 with take profit at 1.08936 Fundamentals:None with Expected High Impact Comment: The dollar rebounded on Friday after Federal Reserve Bank of New York President John Williams pushed back against the market’s …
