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NZD/USD Hits Four-Week Low Amid US Dollar Strength
By RoboForex Analytical Department The NZD/USD pair dropped to 0.5988 this Friday, marking a potential close lower for the fourth consecutive week. The strength of the US dollar continues to dominate the currency pair, fuelled by expectations of a moderate interest rate cut by the Federal Reserve and persistent demand for the USD amid geopolitical…
Japanese yen remains weak as traders eye BoJ Governor Ueda’s comments | FXStreet
The Japanese Yen (JPY) sticks to the post-Bank of Japan (BoJ) losses, which, along with a broadly firmer US Dollar (USD), assists the USD/JPY pair to hold steady above the 156.00 mark, or an over one-week high. As was widely expected, the BoJ board members raised the short-term interest rate by 25-basis-point (bps) to 0.75%,…
3 Quick Tips When Dealing With Trading Frustration
Frustration may be an occupational hazard for forex traders, as losses and even huge drawdowns can happen every now and then. This can result to self-doubt and a lack of confidence in one’s trading plan, which can then lead to overtrading or poor decision-making in an effort to make up for one’s mistakes. Reflect on your…
Prop Trader Confidential: Avoid This Pitfall
Prop Trader Confidential: Avoid This Pitfall There are various reasons why most prop traders fail, including inexperience, a lack of discipline, over leverage, poor risk management, lack of a trading plan, poor trading skills, inability to adapt to changing market conditions just to name a few. However, there is one rule that tilts…
Russia Bans Crypto Mining in 10 Regions for 6 Years Following Putin’s Signed Law
Russian authorities approved a list of regions where cryptocurrency mining will be banned starting January 1, 2025. The ban will last for six years, ending on March 15, 2031. This decision was made today (Tuesday). These measures align with cryptocurrency mining laws signed by the Russian president Vladimir Putin in August and October 2024, aimed…
