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Stop Forex Losses and Take Profits: Essential Forex Risk Management – Forexblogger.com.ng
The Forex market truly draws people in. It offers high liquidity, global access, and big chances for profit. But this attraction often hides the real risks. Many new traders jump in hoping for fast money. They then lose a lot because they skip basic risk management. This can make them feel bad, empty their trading…
EUR/USD Recovers from 20-Day Low
The EUR/USD pair today is moving under the influence of several factors: Donald Trump’s decision to dismiss Lisa Cook, a member of the Federal Reserve Board of Governors, raising concerns over the Fed’s independence; expectations of a Fed rate cut in September; anticipation of US GDP and jobless claims data (due today at 15:30 GMT+3);…
AUD/USD yawns as CPI higher than expected – MarketPulse
The Australian dollar is showing limited movement on Wednesday. AUD/USD is trading at 0.6647 in the European session, down 0.02% on the day at the time of writing. What will it take to shake up the Australian dollar? Australian retail sales were weaker than expected on Tuesday and today’s inflation report was higher than anticipated,…
Gold keeps the red amid resurgent USD demand; holds above $3,300 mark
Gold price drops to a multi-day low on Monday amid modest USD strength. Fed rate cut bets and US fiscal concerns should act as a headwind for the USD. Geopolitical risks could further offer support to the safe-haven precious metal. Gold price (XAU/USD) retains intraday bearish bias through the first half of the European session,…
AUD/USD stabilizes after post-NFP slide – MarketPulse
The Australian dollar has started the week quietly. In the North American session, AUD/USD is trading at 0.6151, up 0.07% at the time of writing. Earlier, the Australian dollar fell as low as 0.6130, its lowest level since April 2020. It was another rough week for the Australian dollar, which declined 1.7% last week. The…
US dollar rises as strong service sector data muddles Fed easing this year By Reuters
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar drifted higher on Wednesday after data showed the services sector in the world’s largest economy rebounded in May after contracting the month before, highlighting uncertainty surrounding the expected start of the Federal Reserve’s easing cycle later this year. The Institute for Supply Management said its nonmanufacturing…
