NFP & how does it affect Forex Trading.

Non-Farm Payroll (NFP) is one of the major factors that can stir the smooth flow of Forex trading. It is a general term that represents the number of jobs in USA. It is important to note that  you do not include government employees or the employees of non- profit organizations in it. Similarly non-farm payroll does not include the employees of private firms and farms. Influence of NFP …

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Trading Pairs of USD/IDR Vs USD/PHP:

Trading pairs of USD/IDR Vs USD/PHP: USD has some significant trading pairs with ASEAN Currencies. Particularly the traders eye the trading pairs of USD/PHP & USD/IDR. The current trading trend of USD/IDR is strongly Bearish. Trend of trade of USD/PHP is reflecting buying action. The trend of  Pair of USD/IDR, Review: The trading pair of Indonesian Rupiah and USD has gained the attention of traders. The pair has …

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Calm Market and EUR/USD Daily Review:

After a time of toil and disappointment, EUR/USD has finally managed to gain some ground.  The calm market is also helping the pair to soar higher. This pair is now regaining the trust and support of traders. Recently USD is moving upward at a slow pace. However this pace seems to increase its momentum in the near term. Different economic factors are currently hinting towards a stronger USD …

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US Dollar Review : Strength of USD vs NZD & EUR.

The strength of USD is again attracting the traders. After a long struggle, USD is finally gaining some ground against its counter-currencies. The recent flow of buying USD reflects the trust of traders in USD. Alternatively today it has led to the series of selling of NZD/USD. Therefore the recent pullback seems to extend. NZD/USD Review: New Zealand Dollar is all geared up to soar high as compared …

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Chinese Economic Recovery and AUD Review:

Chinese government has recently announced the latest economic data. This Chinese economic data reveals slower than expectations growth and economic recovery of China. Such lower than expectations figures have dragged the value of AUD on Friday. Fall of the value of AUD: After a stable journey now AUD seems to be struggling against USD. On Friday, AUD faced a fall of 2% as compared to USD. This was …

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Equity markets of USA and AUD/USD Review

The equity markets of USA rose higher. this rise will likely to influence the trade of USD in the coming days. The chair-person of Fed has assured the investors that Fed will continue to be supportive and adaptable in the near term. The current stance of Fed will likely to extend in the coming days. This assurance has encouraged the rise in the equity markets. Equity markets and …

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UK Reopening Plans and GBP/USD Review

Reopening plans of Prime Minister has spiked up GBP against its counter-currencies particularly USD and EUR. Stabilized equity market has supported the gain of the trade of GBP/USD. This hype in the worth of Sterling is majorly influenced by the intentions of the Prime Minister to reopen. The strong yields of bonds have firmed the trade sentiments of the traders. All these factors have paved the way for …

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USD/JPY Review : Relief Measures

The traders of USD/JPY have observed a rise in its worth. It seems that their wait is over now. The tables are turning as expected. This shuffle is a permanent characteristic of forex trade.  The value of USD/JPY review has finally managed to cross the resistance point of 106.077. The smooth flow of trade is right now on the table. The upward movement continues even the pair has …

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GBP/USD Review: BOE and Trade of GBP

GBP

The supportive monetary policy of Bank of England (BoE) strengthened the  the trade of GBP/USD. The Bank is optimistic about the economic growth. Similarly BoE is hopeful about a supportive GDP. Although pandemic disturbed the economic activities on large scale yet the economy is on its way to recover. The improvement of GDP and the vaccination program both are interlinked factors. Both factors are geared up to stir …

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GBP/USD Review: BOE Monetary Policy

monetary policy

Traders were keenly eyeing the performance of Bank of England for any change in monetary policy. But finally traders are all relaxed with the announcement of unchanged policy. This news have led the value of GBP/USD to jump a bit. The value is now at 1.3642.it has risen from 1.3569. The supporting interest rate and policy of BoE seem to remain the same in the near term. This …

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