Best Days to Trade Forex Revealed – Mondays and Fridays Key for Success
What are the best days of the week to trade Forex? Trading in the forex market is most advantageous during the midweek period of Tuesday to Thursday. This timeframe is characterized by heightened market volatility, offering consistent and lucrative trading prospects for individuals across various trading styles. The sustained level of volatility provides traders with […]
Prop Trading Firms and the FX Market: What Are the Trends for 2024?
In a proactive move signaling confidence in the financial markets, prop trading firms across the globe are gearing up for a substantial uptick in their foreign exchange (FX) trading activities and increased investment budgets in 2024. The catalyst for this development lies in the findings of the latest Acuiti Proprietary Trading Management Insight Report, unveiled […]
Bloomberg Dollar Spot Index: Decoding Global Currency Strength
What is the Bloomberg Spot Index? The global financial landscape is marked by the ebb and flow of currencies, influencing trade, investment, and economic stability. At the heart of this intricate dance is the Bloomberg Dollar Spot Index (BBDXY), a vital benchmark that meticulously gauges the strength of the U.S. dollar against a basket of […]
What is the Best Forex Prop Firm?
Forex prop firms have revolutionized trading by providing traders with access to significant capital. But what exactly sets the best forex prop firms apart? They offer funding ranging from $10,000 to over $1 million, with profit splits typically between 20% to 80%, depending on the company and trader performance. This article breaks down the leading […]
What’s Happening? US Dollar Pulls Back After Strong Rally
The US dollar, represented by the DXY index, found itself on the back foot this Monday, retreating after a strong performance last week. Despite the upward movement in US Treasury yields across various time frames, the dollar couldn’t maintain its rally. By early afternoon in New York, the DXY index had slipped by 0.23%, landing […]
Gold Price Outlook: What Lies Ahead?
The price of gold, a key indicator of market sentiment, is currently caught in the crosswinds of US retail sales data, Federal Reserve communications, and the ongoing debate over the US debt ceiling. Each of these factors is playing a crucial role in shaping the outlook for gold, as traders and investors alike navigate an […]
Euro Surges Amid Expectations of European Interest Rate Hikes
The euro has been on a steady climb, gaining strength against major global currencies as investors anticipate further interest rate hikes from the European Central Bank (ECB). This upward trend reflects growing confidence in the eurozone’s economic prospects, with the currency extending its gains for the second consecutive session against the US dollar. Meanwhile, the […]
European Central Bank’s Lending Survey Shows Signs of Concern in Credit Market: DAX Analysis
Impact of European Central Bank’s Lending Survey on Credit Market and DAX Analysis The European Central Bank’s (ECB) interest rate decision last week was preceded by the release of updated credit data, revealing a reduction in general credit standards and, more concerningly, a significant drop in the demand for credit, according to a DailyFX.com analysis. […]
Euro Falls from Two-Week High Amid Profit-Taking
The euro retreated from its two-week high against the US dollar, experiencing its first loss in four days due to profit-taking, according to a recent article on Economies.com. The euro had previously climbed above $1.1, with bullish comments from ECB officials further bolstering its prospects for a rate hike of 0.5% this week, pushing it […]
