Author: FX
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
Forex Trading Course Walkthrough Talking Points:This is the eighth of a ten-part series in which we walk through articles from DailyFX Education. The aim of this series is simplicity while covering some of the more important aspects of the FX market along with traders’ strategies and approaches. If you would like to access the full suite of educational articles offered by DailyFX education, you can get started here: DailyFX Forex for Beginners The concept of support and resistance is a key component of technical analysis and, for many, especially fundamentals-based traders, the concept is the primary aspect of technical analysis.…
© Reuters Russian Federation Codifies Digital Ruble as the Official Currency A bill on the issuance and the use of digital rubles has been submitted by a group of deputies headed by Anatoly Aksakov to the State Duma.The Bill aims at expanding the use of digital rubles among businessmen and the state.The Bank of Russia will be the operator of the digital ruble. Reportedly, a group of deputies headed by Anatoly Aksakov, the Chairman of the Financial Market Committee submitted a bill on the issuance and the use of the digital ruble, the Central Bank Digital Currency (CBDC) issued by…
Still working on your trading resolutions for this year? Here are some important points to remember if you wanna make sure you stick to your goals. Goals are important because, not only do they represent expectations and aspirations, but they also serve as a bridge from reality to the ideal. The moment you set a goal, you face reality by acknowledging the need to address your shortcomings or maybe simply fulfill your desire to do better. By putting in a substantial amount of effort that consequently leads to progress, goals keep you grounded when you see that it’s the little…
BYD sets record with 235,197 sales in December, 1.86M sold in FY22 Source link
As markets fully reopen today for 2023 it is time to take stock of the last month of 2022, where we can observe that the traditional December stock market rally was not forthcoming. Indeed at the time of the last decision of the FED which raised rates by 50 basis points on December 14, 2022, Chair Powell made it clear that the American Central Bank could maintain a constraining monetary policy in the long term in order to fight inflation. IMF Director Kristalina Georgieva said this week: “In the US we see that the labour market remains quite strong. However,…
Technical analysis of Bitcoin evaluates the crypto king by assessing previous prices and volume,. Technical analysts don’t analyze a security’s inherent worth, but instead utilize charts and other tools to uncover trends.Technical analysis also uses patterns to predict future price changes. These patterns may be bullish, bearish, or neutral, indicating a price increase, decrease, or consolidation. Head-and-shoulders pattern, triangles, flags and pennants are typical chart patterns.Many times, in technical analysis we’ve also got ‘key levels’, or key price levels: Important price level is a chart point where the price has found support or resistance and/or it is expected, in a…
Previewing this week’s upcoming events from the US, TD Securities analysts said that they expect the minutes of the FOMC’s December policy meeting shed additional light on the Fed’s policy outlook for 2023. Job creation likely gained momentum in December “Note that the Committee signalled expectations of a substantially higher terminal rate for 2023 despite implementing a downshift in the pace of rate increases to 50bp at the December meeting. We are of the view that the terminal rate will reach a range of 5.25-5.50% by the May FOMC meeting.” “Job creation likely gained momentum in December, with payrolls strengthening…
Most of the major markets are still out on banking holidays but that doesn’t mean we shouldn’t start hunting for trading opportunities! Today we’re looking at EUR/AUD ahead of China’s Caixin manufacturing PMI and a bunch of inflation reports from the Eurozone. Before moving on, ICYMI, I’ve listed the potential economic catalysts that you need to watch out for this week. Check them out before you place your first trades today! And now for the headlines that rocked the markets in the last trading sessions: Fresh Market Headlines & Economic Data: Japan, China, Switzerland, and the U.K. out on bank holidays…
Forex Trading Course Walkthrough Talking Points:This is the sixth of a ten-part series in which we walk through articles from DailyFX Education. The aim of this series is simplicity while addressing some of the more important aspects of the FX market along with traders’ strategies and approaches. If you would like to access the full suite of educational articles offered by DailyFX Education, you can get started with the beginner section at this link: DailyFX Forex for Beginners Over the last two lessons we’ve had a considerable focus on fundamental analysis, first by looking at some of the key players…