The U.S. dollar rose on Tuesday, benefiting from weakness on Wall Street, although gains are limited ahead of the release of key inflation-related data later in the session. The dollar, a safe haven for investors Diminished confidence in the technology sector on Wall Street has helped the U.S. currency to rise on Tuesday, although gains […]
The Secret to Successful Trading: Discover the Power of Leverage
Prepare to unlock the full potential of your trades across various financial markets. In the trading market, using leverage correctly is the key to success. It is essential to understand that leverage is not a magic tool but an instrument that requires both skill and responsibility. Throughout this article, you will learn how to use […]
Outlook for This Week’s Most Important Economic Events
Key points to watch out for: Will the CPI data confirm the Fed’s rate cut estimates? Although the Fed’s updated dot plot pointed to a mere quarter-point reduction by the end of the year, the poorer-than-estimated CPI numbers a few hours before the decision a couple of weeks ago did not convince market participants about […]
USDT stablecoin creator Tether withdraws support for EOS and Algorand
Tether, the creator of the USDT stablecoin, has announced the withdrawal of its support for the EOS and Algorand blockchains. The decision, communicated through an official statement and social media, means that as of today it stops minting USDT on both blockchains. Tether’s move to withdraw its support for EOS and Algorand has elicited a […]
Daily technical analysis EUR/USD: The downward trend could continue
The EUR/USD remains under pressure as concerns about the Eurozone economy and the future of monetary policy continue. The pair has declined for three weeks in a row. According to the economic calendar results, S&P Global mentioned that its Eurozone PMI survey showed signs that the economic recovery was hit by a setback at the […]
U.S. stock markets higher; inflation in focus this week
U.S. stocks rose on Monday and remained near all-time highs, as investors awaited key inflation data this week to provide further clues about interest rates. The previous week, the major indices closed weaker after the release of stronger-than-expected purchasing managers’ index readings, which increased concerns that the U.S. economy would remain robust, giving the Federal […]
Dollar falls ahead of PCE data, euro finds support
The U.S. dollar declined on Monday, consolidating after hitting a nearly eight-week high last week, while the euro rose even as German business sentiment weakened. Dollar reacts to PCE data Last week, the US currency received support after the release of better-than-expected PMI data, as the strength of the country’s economy could allow the Federal […]
Harnessing the Power of Trading Logs: Your Ultimate Resource
The trading log is a tool that will help you to measure your performance when trading in the financial markets. It also provides detailed records of each buy and sell movement, helping you assess the efficiency of your trading strategy. Creating a trading log is straightforward, and this article will cover everything it should include. […]
What is Trading Psychology and Why is it Important in Trading?
Trading psychology is one of the most crucial fundamentals to master for success in trading. It is vital to understand and control market analysis and capital management. It should be recognized that financial markets are subject to many variables that directly affect their behavior; therefore, uncontrollable situations may arise that could impact your results. Beyond […]
U.S. stock markets rise; Nvidia retains interest
U.S. stocks rose on Thursday, with the technology industry leading the way ahead of the release of employment and housing-related economic data. The major indices are shaping up for a positive week, with the S&P 500 and the NASDAQ Composite hitting new records on Tuesday, thanks to earnings from market darling Nvidia (NVDA). The stock […]