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Crude Market: Oil Drops 1% After Recent Rally Trade oil futures took a step back, declining around 1.0%, driven by profit-taking following a surge to 10-month highs. There’s also growing apprehension about the impact of high interest rates on oil drops. Brent futures for November delivery, in their penultimate day as the front-month contract, fell […]
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US Fed Policymakers will no doubt breathe a sigh of relief as Core PCE data cooled in August. Short-term US interest rate futures barely moved however, as market participants still see the rate hiking cycle as done.
EUR/USD The euro rose on Thursday as the dollar retreated since investors remained cautious ahead of key inflation figures due on Friday. Data on Thursday showed the US economy maintained fairly strong growth in Q2, with an unrevised annual rate of 2.1%. The second report showed that in the week ending Sept. 23, initial claims […]
What Is Position Trading: All Crucial Information Position trading is a common trading strategy where investors hold their position for a long-term period, often months or years, based on comprehensive fundamental and technical analysis. The main goal is to profit from the anticipated future price movements of the traded security. It is important to understand […]
Gold prices have staged a modest pullback after falling below their 200-day moving average
Dollar index: The dollar recorded a new high at 106.84 On Wednesday, we saw a jump in the dollar index to 106.84 levels. Dollar index chart analysis On Wednesday, we saw a jump in the dollar index to 106.84 levels. The previous time we were in that zone was in November last year. The index […]
Gold price is moving lower below the $1,885 support. Crude oil price is now correcting gains and trading below the $92.00 support. Important Takeaways for Gold and Oil Prices Analysis Today · Gold price failed to clear the 1,915 resistance and moved lower against the US Dollar. · A major bearish trend line is forming […]
Understanding volume and volume indicators is crucial for anyone looking to understand the financial markets. This article offers traders insights into the five of the best volume indicators, allowing them to gauge market trends, momentum, and potential reversals. Understanding Volume and Volume Indicators in Trading In trading, volume refers to the quantity of a financial […]
In the vast realm of trading, where platforms like FXOpen play a pivotal role, strategy and skill stand paramount. As the age-old adage goes, ‘Don’t put all your eggs in one basket.’ In the context of trading, this underscores the significance of diversification. Enter the concept of a balanced investment portfolio – an excellent balanced […]
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