Fed chair Jerome Powell and ECB Governing Council President Christine Lagarde will share the stage at the policy panel in Sintra, Portugal at 9:30 am ET (2:30 pm in London). Both have spoken at length recently so I don’t think the market will be looking for guidance on near-term policy. Instead, look for comments about […]
Share: Nio gained 11.2% to close at $9.34 per share on Tuesday. NIO stock traded lower in six consecutive sessions before Tuesday’s pop. Hong Kong and Chinese stock markets both largely flat on Wednesday. Politician announces that Chinese economy will reach 5% growth rate in 2023. Nio (NIO), the Chinese electric vehicle (EV) […]
GBP/USD Prices, Charts, and Analysis UK 2-year gilt yields continue to rally. Sterling may struggle against a hawkish ECB. Recommended by Nick Cawley How to Trade GBP/USD UK 2-year government bond (gilts) yields are hitting fresh multi-year highs as financial markets continue to price in higher interest rates for longer. The on-the-run 2-year hit a […]
© Reuters. A trader counts U.S. dollar banknotes at a currency exchange booth in Peshawar, Pakistan September 15, 2021. REUTERS/Fayaz Aziz By Ankur Banerjee and Alun John SINGAPORE/LONDON (Reuters) – The yen was under pressure against most other major currencies on Wednesday, even as Japanese authorities said they could intervene to prop it up, while […]
If you think that technical analysis is a bunch of nonsense, look here. Fighting is underway in Europe. At the same time, oil is getting cheaper. Modern warfare is very greedy for fuel. During World War II, 14 factories were operating in Germany to produce artificial hydrocarbon fuels. Although the fuel produced by such a plant […]
Limits Orders Versus Stop Orders
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BiglotFX Education Limits Orders Versus Stop Orders New traders often confuse limit orders with stop orders because both specify a price. Both types of orders allow traders to tell their brokers Good for The Day A GFD order remains active in the market until the end of the trading day. Because foreign exchange is a 24-hour market, […]
BiglotFX Education Leverage As each currency has its own relative value, it’s necessary to calculate the value of a pip for that particular currency pair. Order Types Market order: an order instantly executed against a price that your broker has provided. Pending order:an order to be executed at a later time at the price you specify. […]
Gold (XAU/USD) Technical Analysis Gold breakdown analysis and levels to note Retest of recent level of support (now resistance) adds to the bearish outlook Momentum via the MACD supports lower prices while the RSI suggests more room to the downside is possible The analysis in this article makes use of chart patterns and key support […]
What is a Pip in Forex
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BiglotFX Education What is a Pip in Forex You’ve probably heard of the terms “pips,” “points“, “pipettes,” and “lots” thrown around, and now we’re going to explain what they are and show you how their values are calculated. What the Heck Is a Pip? The unit of measurement to express the change in value between […]
BiglotFX Education Know When to Buy Or Sell a Currency Pair Forex trading involves trying to predict which currency will rise or fall versus another currency. Tranding in Lots hen you go to the grocery store and want to buy an egg, you can’t just buy a single egg, they come in dozens or “lots” of […]
The Bid Ask and Spread
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BiglotFX Education The Bid Ask and Spread All forex quotes are quoted with two prices: the bid and ask. In general, the bid is lower than the ask price. What is “Ask”? The ask is the price at which your broker will sell the base currency in exchange for the quote currency. What is Spread The difference between the bid and the ask price is known as the SPREAD. How […]
How to make money trading forex
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BiglotFX Education How to Make Money Trading Forex As a forex trader, you are speculating on whether one currency will rise or fall in price against another currency. So “forex trading” can be defined as the process of speculating on currency prices to try and make a profit. The value of a currency is influenced by […]
