Gold price aims higher as US hiring momentum slows
Gold price breaks above $1,940.00 as US ADP Employment data turns out softer than expected. US firms invited fewer applications for jobs in July as resignations dropped. Investors hope that…
Oil steady at weekly high ahead of EIA
Oil (WTI) rallies higher this week with demand side taking over while supply could be seen slowing down. US Dollar strength abates after US JOLTS data points to weakening labor…
US Dollar loses momentum on increasing economic headwinds
US Dollar price action is positive this Wednesday against all major peers. Another big batch of data, including US GDP data, could push the Greenback further down. The US Dollar…
US Dollar loses momentum on increasing economic headwinds
US Dollar price action is positive this Wednesday against all major peers. Another big batch of data, including US GDP data, could push the Greenback further down. The US Dollar…
USD/CAD Price Analysis: 200-EMA remains a key support ahead of US Employment data
USD/CAD remains supported above 1.3550 ahead of US ADP labor demand data. If Employment Change data replicates Job Openings performance, selling pressure on the USD Index would elevate. The Lonnie…
German annual CPI inflation declines to 6.1% in August vs. 6% expected
CPI Inflation in Germany softened slightly in August. EUR/USD clings to small daily gains while trading below 1.0900. Inflation in Germany, as measured by the change in the Consumer Price…
Breaking: US private sector employment rises 177,000 in August vs. 195,000 expected
Private sector employment in the US rose 177,000 in August, the data published by Automatic Data Processing (ADP) showed on Wednesday. This reading followed the 371,000 increase (revised from 324,000)…
How to Set Goals as a Beginning Forex Trader
What is your goal as a forex trader? Here are some ways you might reply: “My goal is to make a million dollars trading forex.” “I want to trade for…
Should You Quit Your Day Job While Learning to Trade?
There is something seductive about entrepreneurship that makes people want to run off and quit their jobs. Perhaps it is the idealistic, romantic notion that you can strike out on…
What are the Pros and Cons of Mobile Trading?
These days, many forex brokers make apps available for mobile users to trade on their Android or iOS devices. If you are thinking about trading forex on your own smartphone…
