8 Tips for Trading Gold (XAU/USD)
8 Tips for Trading Gold (XAU/USD) As forex traders seek out stable investments that can hedge against inflation, market instability, and other geopolitical factors, gold has become more popular than ever. Traders can use gold as a way to hedge against other investments or as a safe haven that provides consistency over time and is more resistant to dramatic swings in valuation than a majority of other currencies. What Is Gold Trading? XAU/USD is one […]
EUR/USD: Planning for Friday’s NFP Volatility
EUR/USD: Planning for Friday’s NFP Volatility EUR/USD started June with a 100-pip rally after a volatile end to May. Given the selloff we saw last month, a retracement in early June was to be expected, although I did think a 1.0600 retest might come first. So what should we watch ahead of Friday’s non-farm payroll (NFP)? The first level I’m watching is 1.0760, as the euro didn’t give us a convincing break on Thursday, leaving […]