Why Reading Analyses is Essential for Trading
Why Reading Analyses is Essential for Trading Over time, we’ve received comments questioning the necessity and usefulness of reading analyses for trading. These remarks have persisted for some time, so we’ve compiled a list of common criticisms along with responses to address each one. Why Should Traders Read Any Analysis? Forex trading is complex, and the world is full of variables that can influence market movements. Understanding these factors is crucial for making informed decisions. […]
WTI Crude Oil Remains Below $75.50 Amid Chinese Demand Concerns
WTI Crude Oil Remains Below $75.50 Amid Chinese Demand Concerns West Texas Intermediate (WTI) crude oil prices are hovering around $75.30 per barrel during the Asian session on Monday, pressured by concerns over weakened demand from China, the world’s top oil importer. Recent data from China revealed that Industrial Production increased by 5.1% year-on-year in July, slightly below the expected 5.2% and down from the 5.3% growth recorded in June. This marks the third consecutive […]
Australian Dollar Strengthens Amid Improved Risk Sentiment and Hawkish RBA Stance
Australian Dollar Strengthens Amid Improved Risk Sentiment and Hawkish RBA Stance The Australian Dollar (AUD) extended its winning streak against the US Dollar (USD) for the third consecutive day on Monday, driven by improved risk sentiment and a hawkish outlook from the Reserve Bank of Australia (RBA). Investors are now eagerly awaiting the RBA Meeting Minutes and the People’s Bank of China’s (PBoC) Interest Rate Decision on Tuesday for further insights. RBA Governor Michele Bullock […]
EUR/USD Approaches YTD Highs Near 1.1050 on Expectations of Fed Rate Cuts
EUR/USD Approaches YTD Highs Near 1.1050 on Expectations of Fed Rate Cuts The EUR/USD pair climbed to year-to-date (YTD) highs, nearing 1.1040, during early European trading on Monday. This rise is supported by a broad weakening of the US Dollar (USD) amid increasing speculation that the Federal Reserve (Fed) might cut interest rates in September. Market participants are now keenly awaiting Fed Chair Jerome Powell’s speech on Friday for further insights into potential rate cuts. […]