OFP Category: Traders Mindset

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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

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

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

interest rates

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

gold price

Gold Price (XAU/USD) Slips Below $1,960 as US Dollar Gains Strength

During the Asian session, the price of gold (XAU/USD) faced downward pressure and fell below the $1,960.00 level. This decline was driven by the US Dollar Index (DXY), which is

canadian dollar

Canadian Dollar Weakening Despite Strong Crude Oil Prices: USD/CAD Price Forecast

Fundamental Background of the Canadian Dollar The Canadian dollar’s performance is closely tied to the ongoing negotiations regarding the US debt ceiling, which has resulted in increased support for the

dollar retreats

Dollar Retreats from Five-Week Highs as Investors Secure Profits

Dollar Retreats in European Trade: Breaking Five-Week High Streak In European trade, the dollar experienced a decline, breaking its three-session streak of reaching five-week highs, as investors engaged in active

US Dollar

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

gold

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

AI trading prop firm

Cutting-Edge Algorithmic Trading: AI-powered Proprietary Trading Firm

By giving proprietary trading traders a previously unheard-of level of efficiency and precision, artificial intelligence (AI) is transforming the trading sector. AI-based technologies have the potential to revolutionize the trading