Currencies | What are Currencies and How do They Work

Feasibility of a BRICS Currency: Balancing Benefits and Challenges

As the BRICS nations contemplate the introduction of a common reserve currency, concerns arise regarding its viability and the potential advantages it may offer. This article critically examines the BRICS bloc’s capacity to develop a global currency comparable to the US dollar, with a particular focus on India’s challenges in embracing this initiative. While internal […]

GBP/JPY Forecast: Navigating Resistance Levels

The GBP/JPY pair continues its volatile movement, displaying an overall long-term upward momentum. Despite rallying above the significant ¥175 level against the Japanese yen, the market is facing substantial resistance, potentially indicating a slowdown in the British pound’s momentum. However, there is notable support beneath, attracting value-seeking buyers. The ¥175 level, previously a strong resistance […]

Mastering Forex Market Hours: A Guide for Traders

For those venturing into the exciting world of forex trading, understanding the dynamics of forex market hours is crucial. The global forex market operates 24 hours a day, providing ample opportunities for traders worldwide. In this article, we will explore the significance of forex market hours, the four major trading sessions, and the best times […]

Two Trades to Watch: DAX and Oil Outlook

DAX Resilient Despite Manufacturing Weakness Despite losses in the previous session, the DAX index is poised for a mildly positive start as investors assess the latest data from Germany. Industrial production in Germany increased by 0.3% month-on-month in April, recovering from the 3.4% decline in March. However, concerns persist as recent German manufacturing PMI data […]

Euro and Pound Struggle to Gain Momentum as USD Rises

Forex Market Analysis: EURUSD and GBPUSD EURUSD and GBPUSD struggled at the beginning of the week, with the US Dollar showing strength and preventing upward movements for the Euro and Pound following Friday’s decline. Despite strong US jobs data, market expectations for the US Federal Reserve’s June meeting have become more dovish, with a 70% […]

Japanese Yen’s Resilience Amid Policy Stance

The Japanese Yen has managed to surprise and intrigue market participants who were expecting a policy shift from the Bank of Japan (BoJ) with the arrival of Governor Ueda. However, Governor Ueda remains steadfast in his position that a change in policy is not imminent. Despite this, recent comments from Governor Ueda and the Japanese […]

Understanding Short Covering in Stock Trading: Explained

Short covering plays a significant role in the process of short-selling shares, impacting both investors and speculative traders. It involves buying back shares to close out a short position, typically after borrowing them from a third party. This article delves into the mechanics of short covering, its implications, and the potential outcomes for traders. Short […]

Japanese Authorities Vigilant of Japanese Yen Volatility

The Bank of Japan (BoJ) plans to maintain its ultra-loose monetary policy as Governor Ueda reaffirms the need for accommodative measures until sustainable inflation of 2% is achieved. Expectations are that price pressures will decrease significantly by the middle of next year. This stance aligns with the central bank’s commitment to continue large-scale monetary easing […]

DAX and USD/JPY Show Mixed Outlook Amid Global Economic Concerns

DAX Index Faces Headwinds on China’s Growth Worries and German Inflation Data The DAX index has experienced a downward trend for the past three consecutive days and six out of the last seven sessions. Alongside other European equities, the DAX is being affected by mounting concerns regarding the economic recovery in China and increasing fears […]

Federal Reserve Meeting Minutes Reveal Split Views on Interest Rate Hikes

The recently released meeting minutes of the Federal Reserve showcased a division among officials regarding the necessity of further interest rate increases. While some members advocated for additional hikes, others suggested a gradual reduction, according to Economies.com. In the previous month, the Federal Reserve had raised interest rates by 25 basis points. However, the minutes […]