Are you struggling to understand the role of supply and demand in forex trading? As a forex trader, it’s essential to know how supply and demand affect currency prices. In this video, I’ll share top tips for mastering supply and demand in forex trading. From identifying key levels to using supply and demand in your
South Korea’s “Kimchi premium” has flipped to a discount again, meaning cryptocurrencies such as Bitcoin are now cheaper to buy on South Korean exchanges. The phenomenon is named after the Korean dish kimchi. The Kimchi premium refers to when the price of Bitcoin (BTC) trades higher on South Korean exchanges than in other markets. According
In my last post on the EURUSD, I said: “Looking at the hourly chart, the price bounce moved back above the swing low from Monday, Wednesday and yesterday and the swing low from last week. That area comes between 1.0653 and 1.0668. The price is back in that swing area. Can the 1.0653 level now
It was a subdued range-bound day across major FX ahead of the US market holiday today, Monday. The NYSE and Nasdaq are both closed, as is the bond market. USD/JPY traded higher to begin the session, topping out circa 134.50-odd before slipping back to circa 134.30 as I post. EUR/USD drifted lower initially before it
Gold prices fell on Monday, weighed down by a stronger dollar and after recent U.S. economic data raised worries that the Federal Reserve could hike interest rates further. FUNDAMENTALS * Spot gold was down 0.2% at $1,837.59 per ounce, as of 0048 GMT. U.S. gold futures eased 0.1% to $1,847.60. * The dollar index was
Share: Gold price remains sidelined after three-week downtrend, picking up bids of late. Geopolitical fears fail to weigh on XAU/USD price amid absence of US, Canadian traders. Headlines surrounding North Korea, China will be crucial for fresh impulse, Fed Minutes become the key. Gold price (XAU/USD) grinds higher around the intraday top, reversing the early-day
The AUDUSD bounced near the 200 day MA earlier today. The low reached 0.68117. The 200 day moving average was 0.68054. So the price got within six – seven pips of the key moving average target. Close enough for risk focused buyers. The price of the AUDUSD has seen steady buying in the US session
If you were to glance at stock markets today, you would get the impression it was a ‘risk off’ day and that was true to a large extent early in the day but it’s unwound in both forex and bonds in US trading. The US dollar is generally lower today overall with losses against the
Global oil prices have held relatively steady since November last year. Despite several geopolitical factors affecting its fundamentals, it has been congested inside $83-70 per barrel throughout this period. Amid fears of a global supply glut, the G7-led price cap on Russian oil and Moscow’s plan for a drastic production cut had little impact on
Share: The EUR/JPY is registering gains of 2.22% in the week after facing solid resistance around 143.60. EUR/JPY Price Analysis: In consolidation within a 130 pip range circa the 143.00 psychological barriers. The EUR/JPY hit a fresh weekly high at 143.67 but reversed some of those gains, resting comfortably above Thursday’s high ahead of the
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What if you traded forex using a strategy that has already made another forex trader a millionaire? Would you also become profitable? Probably! But of course, you and I both didn’t have such a strategy, until now. In this video, I will showcase a forex strategy that one trader used to grow his account from
The iconic wolf skull logo of Bored Ape Yacht Club (BAYC), Yuga Labs’ premier nonfungible tokens (NFTs) collections, was allegedly illegally trademarked without proper licenses. The image was originally released by a company specializing in drawing tutorials for children and beginners. NFTs were introduced to the world to help solve the illegal use of intellectual
The price of WTI crude futures is settling at $76.34. That’s down $2.15 or -2.74%. The low price reached $75.32. High price was at $70.50. For the trading week the price is down about -3.9%. At the week high of $80.60, the price was up $0.90 versus the close from last Friday. At the week
US Secretary of State Antony Blinken said the US has information that China is considering sending weapons to Russia for the war in Ukraine. The concern that we have now is based on information we have that they’re considering providing lethal support,” Blinken told CBS’s Face the Nation. “And we’ve made very clear to them
The rupee depreciated 14 paise to close at 82.84 (provisional) against the US currency on Friday as the strength of the American currency in the overseas market and a muted trend in domestic equities weighed on investor sentiments. At the interbank foreign exchange market, the rupee opened at 82.77 against the greenback and finally settled
Barclays Bank building Chris Ratcliffe | Bloomberg | Getty Images LONDON — Barclays on Wednesday reported a full-year net profit of £5.023 billion ($6.07 billion) for 2022, beating consensus expectations of £4.95 billion but suffering a 19% fall from the previous year’s restated £6.2 billion in part due to a costly trading blunder in the