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 […]
Dollar rises, pound loses ground ahead of BoE meeting
The U.S. dollar rose on Thursday, while the pound fell ahead of the Bank of England’s latest meeting. Dollar rises after the holiday The U.S. currency rose on Thursday after traders returned to the market following the holiday. U.S. economic data brings initial jobless claims figures along with housing starts data later in the session, […]
The World of DeFi: A Complete Guide to Its Features, Benefits, and Risks
Decentralized finance is becoming increasingly popular. To give an idea of its growth, there are now more than 4.8 million users of decentralized finance globally. Additionally, it is expected that about 78 million dollars are circulating in the entire DeFi ecosystem. Nevertheless, it is a topic that still generates many questions. This field is continuously […]
Bitcoin price today: trading close to decisive levels around $65k
The Bitcoin price lost ground slightly on Wednesday, continuing recent weakness amid fears over the health of the economy around the world. Bitcoin price trades at decisive levels The possibility of rising borrowing costs in the U.S. have halted enthusiasm for the cryptocurrency market, where bitcoin is the world’s largest capitalized cryptocurrency. The Federal Reserve […]
Daily technical analysis EUR/USD: Conservative stabilization
At the beginning of the week, the EUR/USD was able to stabilize near $1.07, remaining at its lowest levels for the past seven weeks. This follows a 0.8% decline in the previous week, which represents the biggest loss since April. In a general overview, market participants are keeping an eye on the political turmoil in […]
Dollar stable, pound rises on UK inflation data
The U.S. dollar stabilized on Wednesday after overnight losses, while sterling was able to advance after inflation in the U.K. returned to the Bank of England’s target number a span of almost three years. The dollar is stable The U.S. currency stabilized on Wednesday after showing weakness last session as retail sales rose slightly in […]
Risk management in trading: 5 useful methods
There is one tool that will help you minimize your losses: trading risk management. It is important to understand that all traders have exposure to risk; there is no way to avoid it completely. However, if you know how to manage it correctly, your trading strategy can be more efficient. Keep in mind that some […]