By: fxstadium
Introduction If we imagine the bustling marketplaces, thoughts of bustling stock exchanges where traders shout buy and sell orders may be the first thoughts that come to mind. However, there’s an alternative market that is virtual and huge which is larger than the stock market with respect to trading quantity and volume: The Forex market. […]
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Reports from Reuters highlight that the US dollar is at its lowest in one year, while the euro has touched its highest level in 17 months. The euro has climbed to $1.1256 against the dollar. On the other hand, the dollar index remains under pressure at around 103.30. The weakening of the dollar is bad […]
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Bullish View Take Profit: 1.1300 Stop Loss : 1.1200 Timeline: 1 day Bearish View Sell Stop : 1.1215 Take Profit: 1.1150 Stop Loss : 1.1300 Recently, the EUR/USD pair price went up hitting a fresh high of 1.1240, which is the peak price since March, 2022. The pair has gained some momentum prior to the […]
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The market awaits the release of the United States’ Consumer Price Index (CPI) today, a crucial indicator of inflation. Forecasts suggest a 0.3% rise in monthly inflation, while the annualized rate is expected to sharply decrease to 3.1% following a significant drop in the previous month. If the actual CPI data surprises with a smaller […]
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Bearish View Take Profit: 0.6600 Stop Loss : 0.6750 Timeline: 1-2 days Bullish View Buy Stop : 0.6700 Take Profit: 0.6800 Stop Loss : 0.6600 As of now, the Australian Dollar pair is not showing any signs of a solid trend as it continues to move back and forth within a range. The pair price […]
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Finding the ideal forex broker is the need of the hour for each and every trader. For most of us, the selection process takes a lot of time and research as we have many options to go through, and filtering them to figure out the best one is not easy. But thanks to the online […]
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Forex trading has gained major popularity over the years. Due to the introduction of various tools and trading strategies, many new traders who have little to no knowledge of the market are able to make efficient profits like experts. This has been possible by introducing various managed accounts that help beginners and experts strategise even […]
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In March, China’s Caixin manufacturing PMI declined to 50.0 from an eight-month high of 51.6 due to weaker external demand. Following weaker-than-expected factory activity in China, the safe-haven yen gained points, particularly after opening lower. Over the weekend, OPEC and Saudi Arabia made a surprise announcement of oil production cuts, causing a sharp increase in […]
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Bearish View Take Profit: 1.0717 Stop Loss: 1.0925 Timeline: 1-2 days Bullish View Buy Stop: 1.0880 Take Profit: 1.0950 Stop Loss: 1.0765 The pair was having a sell-off from Friday which is being sustained with the drop to 1.0850, which is ~0.80% below the peak price recorded in March and also the lowest price since […]
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The annualized rate of Australian CPI (inflation) has decreased from 7.4% to 6.8%, which is a significant decline and exceeds the projected figure of 7.2%. The Australian Dollar experienced a slight decline after the announcement since this may reduce the anticipated requirement for rate increases by the RBA. Numerous commodities, including WTI Crude Oil, are […]
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