By RoboForex Analytical Department EUR/USD plummeted below 1.0800 and is currently hovering around 1.0796 on Monday morning. This development came amid heightened political tensions in France. President Emmanuel Macron called for early elections on Sunday in the wake of his party’s crushing defeat and Marine Le Pen’s party’s resounding victory in the European Parliament elections. The…
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Euro ↓ on political jitters EURGBP hits 22-month low UK Jobs report & EU data in focus Technical level – 0.8500 Bloomberg FX model – 80% – EURGBP – (0.84065 – 0.85327) Euro bears are back in action thanks to political uncertainty linked to the European Parliament elections. The second most traded currency in…
Traders Workshop – For Real Success – You Need To Learn From The Best! Complete Trading School by Vladimir Ribakov Global markets rattled by Europe political jitters. A selloff in European assets amid heightened political risk hit stocks and bonds around the globe, with investors also positioning for this week’s Federal Reserve decision. Stocks and bonds dropped across…
Revised Data Shows Japan’s GDP Shrinks 1.8% in Q1 Home Economy Revised Data Shows Japan’s GDP Shrinks 1.8% in Q1 Source link
The Canadian dollar had a rough week and declined 1% against the US dollar. On Friday, a combination of lukewarm job data out of Canada and a hot US nonfarm payrolls report sent USD/CAD up 0.70%. The Canadian dollar is unchanged on Monday, trading at 1.3769. Employment in Canada rose by 26,700 thousand in May,…
A common mistake that traders make is trying to take on too many positions at once. They believe that a higher number of positions will translate into higher profit. “If I open positions in multiple pairs, one of them will win big.” The more setups you take, the better your chances of winning, right? WRONG!…
The US dollar reversed course last week, shaking off earlier weakness and surging towards the 105 level on the back of positive employment data. Optimism about a potential rate cut by the Federal Reserve (Fed) quickly faded as the nonfarm payrolls report came in significantly higher than expected, defying weaker leading indicators released earlier in…
In a speech today, ECB Governing Council member Joachim Nagel stressed the importance of caution in making further interest rate cuts, citing ongoing economic uncertainty and persistent inflation pressures. Nagel remarked, “I don’t see us on a mountain top from which we will inevitably come down. Rather, I see us on a ridge where we…
Equals Money, a payments solutions provider, declared its expansion into Banking-as-a-Service (BaaS) during the Money20/20 Europe event. This move aims to broaden its product range, reflecting the company’s focus on offering financial solutions across various sectors. Payment Solutions with BaaS Rollout With this new offering, Equals Money customers gain the capability to furnish payment and…