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Event Guide: FOMC Statement – May 2023
The central bank of the world’s largest economy is about to drop its May monetary policy decision!
What are traders expecting from the event and how can it affect USD’s price action?
Here’s what you need to know if you’re planning on…
EUR/USD falls as ISM Manufacturing PMI improves, boosting USD on Fed tightening speculation
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EUR/USD dips as ISM Manufacturing PMI for April shows improvement but falls short of expansionary…
Gold Prices Turn Lower as US Economic Data Weakens Case for Fed Pause
GOLD PRICE FORECAST:Gold prices begin the week on the back foot, undermined by rising U.S. yieldsThe Fed’s monetary policy decision will take the spotlight on WednesdayThis article looks at key technical levels to watch on gold…
FRC crashes 39% as FDIC takes over, sells assets to JPMorgan
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First Republic Bank is no more.
FRC Branches will reopen as JPMorgan Chase branches on Monday.
FRC…
GBP/USD testing breakout of a rising channel pattern below 1.2550
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GBP/USD Forecast: Pound Sterling could extend correction toward 1.2500
GBP/USD has started the new…
Review of trades of the Owl Smart Levels strategy for the week from April 24 to 28, 2023 – My…
Today I present you an overview of trades made using the Owl strategy - smart levels for the EURUSD, GBPUSD and AUDUSD currency pairs for the week from April 24 to 28, 2023. There have been quite a lot of trades, finally the…
4 Stages of Loss in Forex Trading
Though losing trades is a normal part of the trading process, it is something that many traders –both newbies and pros– have difficulties with.
I believe that the main reason behind the difficulty in coping with losses lies with the lack…
PEP) gains momentum as market volatility subsides
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With a market capitalization of over $200 billion, PepsiCo (NASDAQ: PEP) is a global leader in the…
Daily Forex News and Watchlist: AUD/JPY
Welcome to a brand new trading month, forex fellas!
This time I’m looking at AUD/JPY ahead of the RBA decision.
Before moving on, ICYMI, I’ve listed the potential economic catalysts that you need to watch out for this week. Check them…
XAG/USD struggles to break through 100-period SMA on H4
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Silver struggles to gain any meaningful traction and oscillates in a narrow band on Monday.
The…