Central Banks: The Czech National Bank will review interest rate policy on January 3rd. Special Events and Holidays: Hungary’s rotating six-month presidency of the European Union ends on Tuesday and will be followed by Poland’s turn in the first half of 2025. New Year’s Day on Wednesday is the most widely shared holiday around the […]
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Hello traders. Welcome to new blog post where we discuss trade setups across the major asset classes. In this post, we will discuss a recent setup on Gold (XAUUSD) for educational purposes. Gold is in an all-time bullish sequence. The commodity continues to hit fresh record highs. It did that multiple times this year after…
What are the current key themes in the FX Swaps market? The fragmentation of liquidity and market data, the availability of new data sources, increased electronic trading and market velocity, have all combined with growing client demand for FX Swaps. These themes are driving the evolution of the market and prompting banks of all sizes…
The over-the-counter (OTC) market is a crucial yet often misunderstood part of the financial system. Unlike centralised exchanges, OTC markets offer a decentralised way to trade various securities, from bonds to currencies. This article explores how the OTC market works, its instruments, and the opportunities and risks it presents for traders and investors alike. What…
The USD/JPY chart shows that yesterday (3 October), the price slightly surpassed the 147.230 level, marking the highest point since 3 September. This is significant as it indicates a new swing high, identified by the ZigZag indicator (in purple), which hasn’t been seen in months. Bullish arguments for the USD/JPY chart today: → The price…
Whether you’re a seasoned forex trader or just a newbie, I’m sure you’ve already come across a few generalizations about trading. Problem is, some of them are flat out wrong. Let’s bust three of the most common ones: 1. “If I try hard enough, I’ll eventually succeed.” We can probably blame movies like Rocky for…
Nonfarm Payrolls (NFP) in the US rose by 228,000 in March, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading followed the 117,000 increase (revised from 151,000) recorded in February and surpassed the market expectation of 135,000 by a wide margin. Join us for our NFP Live Coverage here Other details of…