Phyllis Wangui is a Financial News Editor with extensive knowledge of the forex, stock news, stock market, forex analysis, cryptos and foreign exchange industries.Phyllis is an avid commentator on these topics and loves to share her insights with others through financial publications and social media platforms.
Early Tuesday saw the Reserve Bank of Australia (RBA) maintain its current interest rate of 4.35%, a level it has held steady for six consecutive meetings. The central bank’s decision arrives amidst expectations of a slow reduction in core inflation,… Read More »RBA Holds Rates Steady at 4.35%
Today, markets are relatively quiet with Canada and Australia observing bank holidays. However, the primary focus remains on the upcoming US ISM Services PMI, which will be released later in the American session. Market Outlook for Traders: Currency Market Insights… Read More »Market Outlook for Traders Amid Middle East Tensions
Understanding the DXY To trade the Dollar Index (DXY), you’ll want to start by understanding its fundamentals and how global events influence its movements. Consider using platforms like MetaTrader 4, which offers tools and analytics to monitor and predict USD… Read More »How to Trade Dollar Index
London, 02/08/2024 ActivTrades, a leader in the financial trading industry, and TraderFactor, the premier platform for comprehensive trading reviews and educational content, are excited to announce a groundbreaking collaboration. This strategic partnership aims to offer traders an unparalleled experience through… Read More »ActivTrades and TraderFactor Announce Strategic Collaboration to Revolutionize Trading Experience
In a surprising turn of events, the Bank of Japan (BOJ) raised interest rates, leading to a significant rise in Japanese stocks and the yen. This move has caused ripples across global markets as traders eagerly await the Federal Reserve’s… Read More »Stocks Up, Yen Gains on BOJ Rate Hike; Fed Decision Awaited
The latest JOLTS Job Openings report from the US Bureau of Labor Statistics has surpursed analysts expectations. With job openings falling to 8.184 million in June, the figure significantly exceeded analyst expectations of 8.03 million. This decrease, coupled with other… Read More »U.S. JOLTS Job Openings Surpass Expectations, Leading to Renewed Dollar Strength
When exploring the pros and cons of XAUUSD trading, it’s important to keep in mind that XAUUSD pair represents the exchange rate between gold and the US dollar. It measures how much USD is needed to purchase one troy ounce… Read More »Pros and Cons of XAUUSD Trading
When trading gold, consider the key XAUUSD trading hours and sessions in different global markets. The Asian session begins at 00:00 UTC, bringing unique volatility, especially from Tokyo, Hong Kong, and Singapore markets. Then, the European market takes over at… Read More »XAUUSD Trading Hours and Sessions
How to trade XAUUSD effectively? You’ll need to stay on top of live updates and utilize technical analysis tools like trend lines and moving averages to pinpoint precise entry and exit points. Monitor economic reports and geopolitical news, as they… Read More »How to Trade XAUUSD Effectively
In recent trading sessions, Bitcoin surged to $67,000 amidst Trump’s expected appearance at the Bitcoin Conference this weekend. Trump’s recent campaign efforts have shown a pro-crypto stance and has raised more than $4 million in crypto donations. BTCUSD 4-hour Chart… Read More »Bitcoin Rises with Trump Speech in Focus, Accepts Crypto Donations