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.
Looking to dive into the exciting world of forex trading? This beginner’s guide has got you covered! Discover the secrets to successful forex trading strategies and start your journey towards financial success. In this guide, you’ll explore the fundamentals of… Read More »Beginner’s Guide to Successful Forex Trading Strategies
Amidst a rapidly shifting global market, this discussion delves into the intricate dynamics of key Forex pairs – EUR/USD, GBP/USD, USD/JPY, and AUD/USD. EUR/USD Exchange Rate Overview The Euro to US Dollar (EUR/USD) exchange rate has seen some technical adjustments… Read More »Navigating EUR/USD, GBP/USD, USD/JPY Exchange Rates and AUD/USD Faces Downward Pressure
Hello TraderFactor Family, As we bid farewell to a year full of ups and downs, let’s embrace the festive spirit and look forward to the exciting opportunities that 2024 holds for us. We hope this newsletter finds you in good… Read More »Celebrate the Festive Season with TraderFactor
The EUR/USD pair saw a bullish surge, moving beyond the 1.0950 mark during the early American trading session on Tuesday. This rise was fueled by the weakening US Dollar, which has been pressured by declining US Treasury bond yields and… Read More »EUR/USD Ascends Amidst Weak USD, Stocks Show Slight Increase
The EUR/USD currency pair continues to exhibit a positive trading pattern, maintaining a position slightly above the 1.0900 level as Monday’s second half unfolds. The US Dollar remains somewhat unappealing due to a modestly improved risk sentiment, allowing the currency… Read More »EUR/USD Holds Steady Above 1.0900 Amid Mixed Market Sentiment
Navigating the world of Forex trading can be complex in its own right, but when it comes to paying taxes afterwards, things can get even more complicated. In the UK, the tax implications of Forex trading are not as straightforward… Read More »How Do I Pay Forex Trading Tax in The UK 2024
The EUR/USD pair is trading close to 1.0900, looking to build on Wednesday’s strong rebound after the Federal Reserve (Fed) hinted at rate cuts. Now, all eyes are on the European Central Bank (ECB) as they prepare to announce their… Read More »EUR/USD Hovers Around 1.0900, GBP/USD Advances as Focus Shifts to ECB
GBP/USD remains on the back foot, trading in negative territory below 1.2550 as weak data from the UK puts pressure on Pound Sterling. The Gross Domestic Product (GDP) contracted by 0.3% on a monthly basis, signaling economic challenges. Additionally, wage… Read More »Pound Sterling Weighed Down by Contracting GDP and Declining Wage Inflation: Ahead FOMC, PPI
Date Events and Reports Monday 10-year Bond Auction in the United States Tuesday RBA Governor Bullock Speech Britain’s Claimant Count Change Average Earnings Index 3m/y Wednesday Key Inflation Metrics in the US Britain’s GDP m/m Report Thursday New Zealand’s GDP… Read More »Market Outlook for the Week: Key Events and Reports
Tuesday’s reading on job openings in October revealed a decline in labor market demand. Job openings slid to 8.73 million last month, down from 9.35 million in September and 10.47 million in the previous year. The number of hires and… Read More »US Stocks Closed Mixed, Bond Yields Tumble on Heels of Slowing Labor Market Demand