Canadian Dollar markets are shuttered for a federal holiday. US markets are also quiet, further crimping volume flow from the Greenback side. Canadian CPI inflation figures due this week, as well as FOMC Meeting Minutes. The Canadian Dollar (CAD) was flat on Monday, driven into the middle by a complete lack of market volume. Canadian … Read more
European Central Bank (ECB) Governing Council member and head of the Austrian central bank, Oesterreichische Nationalbank (OeNB) noted on Monday that warning signs that the ECB may undershoot inflation targets are growing, but overall inflation figures are still lopsided and make policy moves difficult. Key highlights Danger of undershooting 2% is not a reason to cut. With … Read more
EUR/USD gives a tough fight to psychological resistance of 1.0500 as the outlook of the US Dollar is uncertain. ECB’s Panetta is worried about growing risks of inflation undershooting the 2% target. US President Donald announced on Friday that he plans to impose tariffs on imported cars. EUR/USD tussles to extend its upside move above the … Read more
The US Dollar consolidates ahead of a possible breakthrough on Ukraine. Traders brace for headlines that could emerge from Riyadh this week. The US Dollar Index (DXY) is stuck in the mid 106-range and is looking for direction. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major … Read more
As we step into 2024, the Forex trading landscape continues to evolve with new trends, technological advancements, and regulatory changes. For traders and investors, staying updated with these changes is crucial for making informed decisions and capitalizing on market opportunities. Here are some key highlights and trends in Forex trading for 2024 and beyond. Game-Changing … Read more
Top Trading Business Ideas with Low Investment: Boost Your Financial Portfolio Are you interested in starting a trading business but worried about high initial investments? You’re not alone. Many aspiring traders look for opportunities that require minimal capital but promise substantial returns. In this article, we’ll explore some of the best trading business ideas that … Read more