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 […]
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 […]
What is social trading and how does it work?
Social trading has become a popular method for novice traders to enter the world of trading. This technique involves buying and selling assets based on the strategies of more experienced traders, making it a convenient option for beginners or those with little time to analyze markets, according to an article on Forex.com. It can be […]
Gold Uptrend Hinges on Breaking Through Key Resistance Levels
For four of the past five days, gold has been testing the support of its short-term uptrend line, but each time it has been rejected to the upside around the line, according to a forecast by Bruce Powers on FXempire.com. Over the past five trading days, there has been a series of higher daily lows, […]