Blog Posts
Forex News Roundup for 25 May, 2023
A sense of caution permeates the stock markets as the US debt ceiling issue hampers what could have been a predominantly bullish market. The NASDAQ 100 Index has shown significant recovery in recent hours and continues to display a largely optimistic outlook. Should a resolution to the debt ceiling problem materialise, it is highly probable […]
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GBP/USD Pair Faces Downward Pressure Amidst Rising UK Inflation and US Debt Ceiling Concerns
Bearish View Take Profit : 1.2450 Timeline: 1-2 days Bullish View Buy Stop: 1.2420 Take Profit: 1.2520 Stop Loss: 1.2350 The GBP/USD pair has been experiencing a downward trend, primarily influenced by recent developments in the UK’s consumer price index (CPI) and ongoing concerns regarding the US debt ceiling. The latest CPI data from the […]
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Understanding The Structure Of Islamic Forex Account
Traders from all walks of life are welcome in the wide and diverse forex market, regardless of their culture, ethnicity, or religious convictions. However, since forex trading has grown in popularity, it is now crucial for brokers to meet the demands of all of their customers, even those who have religious limitations. Islam, for example, […]
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Forex News for 9th May, 2023
The forex market in general is experiencing a lot of choppiness ahead of key economic data releases which will be the next catalyst for the price action that is about to happen following the fresh data releases. The bearish trend will continue for the USD in the long term but lately there was a little […]
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BTC/USD – The Risks Are There but Can Expect a Relief Rally for the Pair
Bearish View Sell Stop: 26,900 Take Profit: 25,000 Stop Loss: 29,000 Timeline: 1- 2 days Bullish View Buy stop: 28,200 Take profit: 30,000 Stop loss: 26,000 The concerns surrounding the cryptocurrency world caused a decline to the lowest level since 25th April for the Bitcoin pair. It touched a price of 27,200 which was more […]
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Four Tips For Finding A Forex Broker
Forex trading is an exciting and potentially profitable venture, but retail traders cannot access the forex market unless and until they sign up with a reputed forex broker. A forex broker is a financial institution or individual who facilitates forex trading on behalf of clients. Finding a reliable broker can be a daunting task, especially […]
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How To Find The Best Forex Broker In Easy Steps?
Forex trading has become increasingly popular in recent years, and it’s not hard to see why. With a global market that is open 24 hours a day and 5 days a week, there are endless opportunities for profit. All you need is a solid trading plan and skills to manage the risk that comes with […]
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Top 4 Reasons To Get Into Forex Trading In 2023
The forex market is growing and expanding at a rapid rate as it has undergone several evolutionary processes from time to time. The market has daily trading volume of more than $7 trillion. This also makes the forex market an attractive place for ambitious traders. Forex trading is the process of buying and selling of […]
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Forex News Roundup & other current affairs for 4th May 2023
The Reserve Bank of Australia announces a 0.25% rate hike to everyone’s surprise as an effort to bring down the inflation which has already crossed 7%. This move had an impact on major Aussie Dollar pairs as AUD/USD pairs gained over 70 pips. The Japanese Yen continues to go down as it stands as one […]
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GBP/USD – The Bullish momentum seems to be weakening for the Cable Pair
Bearish View Take Profit: 1.2400 Stop Loss: 1.2570 Timeline: 1-2 days Bullish View Buy Stop: 1.2525 Take Profit: 1.2650 Stop Loss: 1.2425 The DXY rising to $101.87 caused a drop to 1.2500 as the cable pair experienced a pullback. The collapse of First Republic Bank following the release of weak US manufacturing output data led […]
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